The Picard Maneuver@lemmy.world to Curated Tumblr@sh.itjust.worksEnglish · 4 days agoHow to fix the economylemmy.worldimagemessage-square83fedilinkarrow-up149arrow-down10
arrow-up149arrow-down1imageHow to fix the economylemmy.worldThe Picard Maneuver@lemmy.world to Curated Tumblr@sh.itjust.worksEnglish · 4 days agomessage-square83fedilink
minus-squarekonki@lemmy.onelinkfedilinkEnglisharrow-up0·4 days agoThe reason that you and everyone else believe in it is primarily because you need it to pay taxes, so the belief is not arbitrary.
minus-squareexplodicle@sh.itjust.workslinkfedilinkEnglisharrow-up1·3 days agoYou don’t need Bitcoin to pay taxes, yet belief in it continues to grow.
minus-squarekonki@lemmy.onelinkfedilinkEnglisharrow-up0·edit-23 days agoThat is true, but Bitcoin, like all other crypto"currencies", is a Ponzi scheme. Its value is driven purely by speculation, and the hope that it can be passed on to a “greater fool” for profit. This is true for a lot of financial assets, by the way.
minus-squareexplodicle@sh.itjust.workslinkfedilinkEnglisharrow-up1·3 days agoYou don’t think secure time stamps are useful?
minus-squarebrbposting@sh.itjust.workslinkfedilinkEnglisharrow-up1·4 days agoThinking of how I got here, reductively speaking: be born see parents buy food they use money i grow up need food i use money
minus-squarekonki@lemmy.onelinkfedilinkEnglisharrow-up0·3 days agoI agree, but that leads to an infinite regress of your parents observering their parents, etc. My argument is really about the start of this chain.
minus-squarebrbposting@sh.itjust.workslinkfedilinkEnglisharrow-up1·3 days agoAh I see! Convenience ought to have helped too! Though yes when the person with that monopoly on violence thing asks, you do.
The reason that you and everyone else believe in it is primarily because you need it to pay taxes, so the belief is not arbitrary.
You don’t need Bitcoin to pay taxes, yet belief in it continues to grow.
That is true, but Bitcoin, like all other crypto"currencies", is a Ponzi scheme. Its value is driven purely by speculation, and the hope that it can be passed on to a “greater fool” for profit. This is true for a lot of financial assets, by the way.
You don’t think secure time stamps are useful?
Thinking of how I got here, reductively speaking:
I agree, but that leads to an infinite regress of your parents observering their parents, etc. My argument is really about the start of this chain.
Ah I see!
Convenience ought to have helped too! Though yes when the person with that monopoly on violence thing asks, you do.