As #btc price rises with hashrate, we are reminded of the Labor Theory of Value.

19th century theorists agreed that price was determined by the work that went into production. 

How was this theory debunked? What can this tell us about the economics of mining? https://image.nostr.build/1540c66b36e4e11f24127d7211343923c7a8bb5dd344fe930c6569a1c8e4bba2.png  

 Few understand.