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Showing posts from December, 2018

Minecraft Economics: How the Nether Update uses the Subjective Theory of Value

What is an emerald worth in Minecraft?


An emerald is the currency used in the popular game Minecraft for trading with NPCs called villagers and wandering traders. Emerald ore is an extremely rare resource in the sandbox world, yet every employed villager has quite a few to trade with the player. However, players have wondered how the emerald compares with real world currency. One YouTube Video by GameTheory tried to find this answer. First, they tried to convert it by comparing the USD cost of bread with the cost of bread in the game, but found that conversion does not translate to other goods. Next they used the labor theory of value to try to determine the USD to emerald conversion, but again came up with a nonsensical conversion. Finally, they tried to assume emeralds have an inherent value in real life and work backwards to determine the in-game USD cost. After using all of these methods, they come to the accurate conclusion that it's not really possible to convert emeralds i…

Hardware, Software and Anarchowear.

As the digital world added a layer on top of our physical one and cyberpunks and pioneers of this new world hack away on keyboards and touchscreens, pulling the future towards us instead of us going to it. Code gets put into machines, machines build other machines and the entrepreneurial spirit of mankind gets an ever increasing toolbox to turn its wonderful fantasies into reality.



Not everything is a straight digital highway to freedom, there is many roadblocks and bumps in the road, as the vulnerability of the old world gets exposed when its standing face-to-face with the new one. It defies its rules and forces it to react as an afterthought.

The European Union scrambled together article 11 and 13 in an effort to stave off rampant infringement of copyrights that nobody but lawyers are concerned about and even though we don't know the full effect it will have on the internet as a whole, there is already counter-measures available that will spread like wildfire from the day the fi…

Limits to self-defense?

Where do we draw the line for what is acceptable self-defense? When can we start acting in self-defense? That, plus recollections of an interesting conversation at a local pub over the subject of a brightly yellow book and some ponderings on physical removal-memes is on today's menu. Bon Appetit! | Alex Utopium

One of my dearest hobbies is reading books and one of my preferred spots to read them is in a local pub- There is something very special with the ambient noises of the pub, to me: The clinking glasses, bar stool scraping, low-volume conversation. Its harmonious to me. The atmosphere can turn a trashy book to at least a readable experience by the virtue of the surroundings.

This one time a guy sat down next to me and started asking questions about the book I was writing down notes from, in the company of a huge cup of coffee. It was the color of the book (extremely yellow, screaming for attention) that drew his eyes in the first place, but it was the title of the book that g…