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RE: Proof of Stake Coins as (almost) free way to multiply your holdings.

in #mining7 years ago (edited)

No. The labor theory of value is better, because that measures what it takes to produce an object. The true value of an object lies in the amount of socially necessary labor it takes to create it.

You are thinking of the price, not the value.

This explains it well:
https://www.marxists.org/archive/marx/works/1847/wage-labour/

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