On the nature of subjectivity in value

Hello Bitcoin lovers, it’s your resident hater. How’ve you been? I’ve been good, but I’ve been slacking for some time, so I’m back with another article. I’d like to start this one off with a story.

So it’s 2006, and I’m sitting at a bar having a drink with Peter Schiff. We get to talking investments. “You know Peter, I’ve been thinking of getting into this house flipping business. People out…