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Showing posts from April, 2020

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…

Anarchozionism

So now it’s Abaco.

From the earliest days of Ayn Rand’s influence over the Libertarian Movement, frustrated activists have given up on their efforts to reform or revolt against the American State to seek the promised Gulch.


In the early 1960’s, a group composed primarily of engineers and technologists worked on a plan to construct an island nation on a shallow land base of the North Sea. Preform agreed on a tiny, nominal government, a free port status which would thrive on free trade between Britain, Norway, and Denmark. Individuals who had been into education and political action (the LIBERAL INNOVATOR, leafletting the Cow Palace GOP convention) gave up and published PREFORM-INFORM backing the escapees.

Then the British seized the pirate radio stations operating outside their territorial waters. Oil was discovered in the North Sea, and Britain, Denmark, and Norway promptly carved up the sea bed. The Preform crowd either Browned out or went into escapist trips such as becoming nomads…

Meatspace Pirate Pop-up Ads

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- The Spray Can, The Home Printer and the QR Code - ----------------------------------------------------------------------- 
"They got cash, which makes it legal devastation when they do it, and when we do it its vandalism, do it too much and get sent to prison" - Looptroop, Illegal Commercial

 The vulgar billboard commercial and the pre-roll advertisement that you click away as soon as possible when you watch Youtube are marketing tools to catch your interest in and shove a product in front of you someone wants to sell. Those two elements are pretty much what you can boil down the old art of advertisement to, even if marketers like to frame their craft with a more mystical aura[1].  

Which is totally legitimate to do in some cases, there are many wizards in the field that have built some really impressive campaigns that made millions in sales.

The scale we are looking at in this article has a lot less m…