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RE: Bulgaria's Government May Have $3 Billions Worth Of Bitcoin

in #bitcoin7 years ago

Interesting, BTC as a tool to fix the country debt... not bad gubernamental strategy at all :-)... I would propose it to mine if I were the economy minister, LOL

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why would that ever work ? it's not an economic activity producing value.. if they mine it might, but something has to give in order for something to get..

it's not an economic activity producing value.

value is entirely subjective, it's a form of agreement. Even if you create an activity (and name it "economic activity") if I don't agree that the byproduct of that activity is worth something, then you won't have any value out of it.

exactly, so in the case under discussion we can't even talk about making that distinction.. it depends on what they make out of their bitcoins not how they put in back on the market.. maybe wrong follow up :D

might just work, you know? :)

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