ToeNailClippings@lemmy.world to Lemmy Shitpost@lemmy.world · 10 months agoGonna be a great day!lemmy.worldimagemessage-square161fedilinkarrow-up1648arrow-down152
arrow-up1596arrow-down1imageGonna be a great day!lemmy.worldToeNailClippings@lemmy.world to Lemmy Shitpost@lemmy.world · 10 months agomessage-square161fedilink
minus-squareHiddenLayer5@lemmy.mllinkfedilinkEnglisharrow-up31arrow-down4·edit-210 months agoEven worse fate for cryptobros than Bitcoin deleting itself: people actually realizing that digital hashes don’t have real value. Mind you this applies to regular money too.
minus-squareILikeBoobies@lemmy.calinkfedilinkarrow-up32arrow-down1·edit-210 months agoReal money is backed by a country’s respective economy - its an IOU from the government Bitcoin is an IOU backed by nothing That’s pretty rudimentary but it explains it
minus-squareweirdwallace75@lemmy.worldlinkfedilinkEnglisharrow-up8arrow-down1·10 months ago Real money is backed by a country’s respective economy True. its an IOU from the government False. An IOU from the government is a bond.
minus-squareILikeBoobies@lemmy.calinkfedilinkarrow-up2arrow-down1·10 months agoI understand that’s a bond The dollar is representative of the work you contributed to the economy
minus-squareweirdwallace75@lemmy.worldlinkfedilinkEnglisharrow-up1·10 months ago The dollar is representative of the work you contributed to the economy If that’s true, nobody on Social Security Disability would be getting money.
minus-squareDAMunzy@lemmy.dbzer0.comlinkfedilinkarrow-up3·10 months agoZimbabwe fucking enters the chat
minus-squareDimpships@feddit.uklinkfedilinkarrow-up2arrow-down3·edit-210 months agoAnd NFT’s are the receipts.
minus-squareafraid_of_zombies@lemmy.worldlinkfedilinkarrow-up3arrow-down7·10 months ago Mind you this applies to regular money too. No, you can use regular money to pay taxes and demand that it be accepted for all debts private and public. The same isn’t true of Bitcoin
minus-squareNPC@lemmy.worldlinkfedilinkEnglisharrow-up7·10 months agoOh you can definitely demand people take your bitcoin. You’ll just look like a huge twat while doing so and people will rightfully laugh at you ;)
minus-squareafraid_of_zombies@lemmy.worldlinkfedilinkarrow-up1·10 months agoWell maybe you can but I don’t have a mall katana ;)
minus-squarePsythik@lemm.eelinkfedilinkarrow-up2arrow-down1·10 months agoThis is such a dumb argument cause it literally takes seconds to convert BTC to fiat. You can buy whatever you want with bitcoin.
minus-squareafraid_of_zombies@lemmy.worldlinkfedilinkarrow-up1arrow-down1·10 months agoIncorrect. You can not buy how little I care for any amount of Bitcoin.
Even worse fate for cryptobros than Bitcoin deleting itself: people actually realizing that digital hashes don’t have real value.
Mind you this applies to regular money too.
Real money is backed by a country’s respective economy - its an IOU from the government
Bitcoin is an IOU backed by nothing
That’s pretty rudimentary but it explains it
True.
False.
An IOU from the government is a bond.
I understand that’s a bond
The dollar is representative of the work you contributed to the economy
If that’s true, nobody on Social Security Disability would be getting money.
Zimbabwe fucking enters the chat
And NFT’s are the receipts.
No, you can use regular money to pay taxes and demand that it be accepted for all debts private and public. The same isn’t true of Bitcoin
Oh you can definitely demand people take your bitcoin. You’ll just look like a huge twat while doing so and people will rightfully laugh at you ;)
Well maybe you can but I don’t have a mall katana ;)
This is such a dumb argument cause it literally takes seconds to convert BTC to fiat. You can buy whatever you want with bitcoin.
Incorrect. You can not buy how little I care for any amount of Bitcoin.