GALIANI IV MONEY NOTES

Create your own fashion

Scarcity?

Scarcity**”^^ refers to the proportion between the quantity of a thing and the use which is made of it.

It is true, however, that the destruction‘Of a thing raises its price more than its removal from
trade.

Thisisbecauseitsdestructioncompletely eliminates all hope, while its removal preserves its value in accordance with the probability that the thing
will be used and returned again to circulation and trade. Thismeritsmoreseriousconsideration.

True luxury goods, like Louis Vuitton products or whatever that don’t get sold… Simply get destroyed shredded or burned or trashed?

You cannot destroy bitcoin or a bitcoin

Plenty is climate

Plenty, obviously, does not ‘depend on human will but on the circumstances of climate and of the elements.

Labor

I turn next to a discussion of labor.‘*”^® This alonegivesthingsvaluewhethertheyareentirely works of art, such as paintings, sculptures, carvings, et cetera, or such things as minerals, stones,

Increase or reduce work?

Bitcoin is valuable and worth it because the mining energy required to mind it is great?

Certainly, no one works except to live, nor can one work without sustenance.

Working to live, you need sustenance and food

The cloth will be worth more than the-wool it contains. Its price is equal to the cost of food for the fifty persons, for a time equal to the period of time involved in the work.

Thinking labor cost, and the cost of food for the people who were necessary to produce it.

I would add the diverse lengths of time it I takes different men to begin to enjoy profit from^theirJj
work. For this reason, those arts and studies ” whicti require a great deal of time and expense to master must i be higher in price. These are no different than pine 1 timber and some walnut trees which, because of the |
lengthoftimetheytaketogrow,areworthmorethan 1
poplarsandelms. Somuchfortime.

Arts and studies which require a great deal of time and expense to master, eventually they should be paid more.

Certain trees plants and things which require longer times to grow are worth more.

Bitcoin is worth more because it requires so much time effort and computing power electricity the cost of mining equipment etc. to produce?

Grantingthis,theworthofamanof letters compared to a peasant would be in inverse pro­ portion to these figures, or as six hundred to fifty: hewillbetwelvetimesbetter.

Be a man of letters; 12 times better than a peasant?

Learning and wisdom is the highest price?

Learning and wisdom, on the other hand, are like gems among talents, and these deservedly have the highest prices.


Time to maturity

Greatgenerals such as Prince Eugene or Marshall Turenne, command an unlimited price compared to a simple soldier.

Why nature begets so many seeds

Nature behaves here as it does in the case of seeds and plants. Almost anticipating a great loss
between sowing the seed and harvesting the plants which finally blossom, nature provides a much greater quantity of seeds, depositing more of them into tHe earth than thenumberofplantswhichfinallybloom. Or,aplant is worth more than the seed from which it springs.

Merits vs Gifts

Fashion is a malady of the cerebrum common to the na- tions of Europe, because of which many things are rendered of little value simply because they are not new.

We value the new, we disvalue the not new? 

*

Beautiful versus useful?

Fashion is entirely in the realm of the beautiful; none of it is in the useful.

As a result, when a thing which is more useful and convenient is in fashion, I do not think of it as fashionable but as an improvement of the arts and of the comforts of life.

When a thing is more useful and convenient it is not fashion but an improvement of the arts and the comfort of life?

what can really truly improve the comfort of your life?

Beauty habit of mind and or of custom? 

the beauty of gems^” ^ and of
gold and silver is universally established on the con­ stitution of our minds, no part of it ever having suc- cumed to fashion, for it could not.

We naturally find gold silver and gems beautiful?

Every human thing has order and limits


Things, all things have limits

Esteem and value?

Changes of tastes?

Private gain is bad? 

The desire for gain, or the desire to live happily, is to
man what gravity is to physics.

The desire for gain, or the desire to live happily is what gravity is to physics for men

  1. Man desires gain
  2. Man desires to live happily

Social physics?

*

The amount of labor required to mine one bitcoin? 

Don’t be a golden merchant, gold is the old-school, you come up bitcoin merchant, the new school?

My uncle made his riches and his wealth in the gold jewelry business; maybe I can make my wealth in the bitcoin business, the crypto business, the crypto jewelry business?

Rather than owning physical positions which take up space, better to own digital possessions? This is where an NFT is interesting?

Paper representing money is now more common 

it is the velocity of circulation
of money, not the quantity of the metals, which’makes the quantity of money appear great or small.

The velocity of circulation of money, not the quantity of it which makes the quantity of money appear great or small?

track the velocity of circulation of certain assets.

Missing silver coin currency? Or it being melted down for other stuff?

Things that wear out?

**

How many bitcoin do you have bro?

Gold silver have a true intrinsic value value

Nobody wants silver or bronze

Gold or nothing.

Ideal vs real money

Evaluate things, purchase things.  

Money is used to express the value of something

Money consists of metals which have been broken down and divided into different parts ***

Money is consisted of bitcoin which has been broken down into individual decimal points? 

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