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10 sats \ 0 replies \ @Undisciplined 21 Sep 2023 \ parent \ on: What is the issue with Michael Saylor's Bitcoin is "Digital Energy" Idea bitcoin
All that matters from a value standpoint is the final product. The costs, including work, are the producers problem and reducing them is where profits come from. Thinking of work as part of what determines value is literally the labor theory of value fallacy.
The reason it seems intuitive is that people are willing to work more to generate things of high value, but notice the causal connection is exactly the opposite from the labor theory of value.