[A-List] The Peso is a "Derivative" of the Dollar

[Sabri Oncu <soncu@xxxxxxxxxxx>]

Anne wrote:

> And money must be a store of value;

I always think of money as a "thing" similar to temperature:
whatever temperature is to hotness, money is that to value, or
maybe, to "something" else that "defines" value, possibly
together with other "things". In other words, both temperature
and money are just indices, or numbers, associated with hotness
and that "thing" we may use to "define" value, respectively.
Hence, they can be defined arbitrarily and, when conceptualized
as such, neither is a store of anything. When most people speak
of energy, they seem to behave as if they are talking about
something tangible. But energy is not tangible: given a theory,
it is just an abstract density or property whose existence may be
deduced from observations and may be defined phenomenologically.
For example, in the absence of motion and deformations, one can
postulate that the energy (of a material object or body) is that
density that depends in some manner on the hotness (of the
material body) and hence on (its) temperature, measured in some
scale. Whether this is a meaningful postulate or not is to be
tested against  "reality", given a theory in which this postulate
was made.

Here are a few questions:

1) What is value?
2) What is that "thing" that corresponds to hotness?
3) How does any attempt to define value differ from the above
attempt to define energy?

Curiously yours,
Sabri