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RE: Cryptocurrencies, Blockchain and Value

Hello crypto.piotr, here again.

The subject of Value is complicated and I usually explain it by making a monetary comparison, above all because many people associate value with money alone.

Value really is what you are willing to give for something in particular. The value of a particular thing can be different for each person. There are those who value their mother more than their children and there are those who value their children more than their mother (my particular case), so Value is what we are willing to give to have that thing we want. Another example would be an auction, suppose that Elvis Presley's guitar is being auctioned, the auction starts with a value of 30,000 USD, then some offers 35,000 USD, another person offers 40,000 USD and a third person finishes offering 60,000 USD. What's happening? That the 3rd person valued Elvis Presley's guitar more than the other two people did. For this person the symbolic and sentimental value was greater than the one that the other two person gave to the guitar. Maybe this person is a collector who values ​​these things very much and will allow you to have very good conversations about this guitar (surely this person gives a lot of value to personal relationships) and for that reason he was willing to pay the price, he considered that the $ 60,000 worth it. I could have a lot of millions but the value that I would give to that guitar would not exceed 3,000 USD.

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Love your comment @luiscalzadilla

Thx for dropping by buddy
Piotr

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