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@ Marc
2025-04-29 11:59:05
I once asked someone I met on the orange pill app about the difference between Ayn Rand's Objectivism and Mises theory that all value is subjective.
He gave me a great answer. He said Mises essentially meant the same thing.
Reality, say my full node, is objective. My interpretation of that reality is subjective. We see bitcoin as a ledger verified by math and think our truth machine is undervalued, at least I do, but peoplenon nostr tend to agree. 😃
A lot of people tell me they "don't trust bitcoin." That's also subjctive, but it's based on an epistimology of feelings rather than logic(math).
Value, therefore, is a subjective interpretation of an objective reality. People who tend to judge objective reality with "feels" tend to be poor because they have a high time-preference and buy french fries on credit. People who use logic as an epistemic guide tend to buy assets.
It kind of is all in your head. A red baloon is red, but not everyone can see red.