Collective Imagination: Why Bitcoin Is Worthless… Just Like Gold & The Dollar

Collective Imagination: Why Bitcoin Is Worthless… Just Like Gold & The Dollar

The rise of Bitcoin has been, to say the least, astronomical. Back in 2010 a developer bought two large pizzas from Papa John for the meager price of 10,000 Bitcoins. By January 2018 that would be the equivalent of 150 million dollars. Let’s just admit that you and I are both kicking ourselves for not getting in on the action early. However recently a Morgan Stanley analyst put forth several reasons why all the Bitcoin in the world might actually be worth the grand total of $0.

The main line of argumentation for this opinion is frankly quit solid. As Bitcoin has no interest rate attached to it it’s not considered to be “real currency.” Additionally, Bitcoin is not physical or tangible, like gold or silver, thus having no “intrinsic value.” But perhaps the most important and pivotal line of argumentation is that “if nobody accepts the technology for payment then the value would be 0.” [1] What this truly means is that Bitcoin has no value if we as a collective do not imagine that it has value. However this is not specific to Bitcoin.

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Why Do We Harm Ourselves When We Know Better?

Why Do We Harm Ourselves When We Know Better?

All of us know that we do things that harm us. We eat too much. We exercise too little. We smoke. We are quick to anger and slow to love. These actions impact our social life, rob us of our health and dull our minds. We know this and yet we keep on doing them. Why?

It was the belief of Socrates that nobody freely desires to do wrong. He believed that a person doing something wrong would always lead to that person harming themselves and that no person wants to harm himself. “No man voluntarily pursues evil, or that which he thinks to be evil. To prefer evil to good is not in human nature; and when a man is compelled to choose one of two evils, no one will choose the greater when he may have the less.” Thus ignorance is the root of all wrong action.

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A Metaphysical & Ethical Cross-Examination Of Islam and Stoicism

A Metaphysical & Ethical Cross-Examination Of Islam and Stoicism

Islam is an Abrahamic faith based on the oneness of God and the prophethood of Muhammad (PBUH). As with most religions, Islam encompasses metaphysical, ethical and judicial tenets. The Quran is its religious scripture, which Muslims believe to be the direct word of God. Stoicism, on the other hand, is an ancient Greek school of philosophy founded by Zeno of Citium. The primary focus of the school was ethics and virtue, which they believed was derived from knowledge and reason. 

What unites the two is the belief that ultimately the goodness and happiness of a person’s life is not dependent on their external surroundings, or as the Stoic philosopher and emperor Marcus Aurelius once wrote, “Misfortune, borne nobly, is good fortune.”[1] In both Islam and Stoicism, this outlook is the result of metaphysical beliefs impacting a person’s view of the world and the way that they interact with it. However, taken at face value, the metaphysical principles of Islam and Stoicism are remarkably different. This begs the question, how can two distinctly different metaphysical viewpoints result in the same practical viewpoint? 

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Deconstructing Karl Popper’s Paradox of Intolerance

Deconstructing Karl Popper’s Paradox of Intolerance

Racism. Sexism. Xenophobia. These problems have plagued humanity since time immemorial and there’s no sign that they’re going away anytime soon. Despite these problems, I choose to believe that the majority of people are decent human beings who inherently desire to live in a tolerant society.

An integral aspect of a tolerant society is people’s ability to have and promote differing viewpoints i.e. freedom of speech. However to declare such freedoms as unlimited is to give unsavory voices a place at the table.

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What Are The Implications Of Trump Leaving The Paris Climate Change Agreement

What Are The Implications Of Trump Leaving The Paris Climate Change Agreement

On the 1st of June 2017, Donald Trump announced that the United States would be pulling out of the Paris climate change agreement. The announcement was met with criticism worldwide, with dissenting voices ranging from Greenpeace to the European Union to academics such as Neal deGrasse Tyson and Noam Chomsky to celebrities like Arnold Schwarzenegger and Tom Morello to blue-chip companies like Facebook, Apple and Microsoft to major energy providers such as ExxonMobil, BP, Chevron, ConocoPhillips, and Shell. The move was even derided by, believe it or not, North Korea who’s foreign ministry said, “This is the height of egoism and moral vacuum seeking only their own well-being even at the cost of the entire planet.” We as citizens of this planet have to analyze what this move means and what its implications are.

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