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"Even if you win money through dumb luck, you have lost time and energy, which means you have lost." Winning money while losing time and energy is what happens
by ddnb 9y ago
"Even if you win money through dumb luck, you have lost time and energy, which means you have lost."
Winning money while losing time and energy is what happens to most when working a job, should we just give up on working as well then?
The story about the cancerpill also isn't comparable to cryptocurrencies.
"You could make the same argument about my fingernail clippings: they may have no intrinsic value, but they’re in limited supply so let’s use them as the new world currency."
If everybody can agree on this then you have a new currency, no? Isn't that the same as our current currency? We just agree on pieces of paper to represent a monetary value.
- gnfurlong 9y agoHow do you get everyone to agree when the barrier to creating yet another crypto currency is so exceptionally low?
- freddealmeida 9y agoMaybe explain why you think its low? I think it may actually be very hard to build one of any value. 90% of crypto is worthless. But so is 90% of fiat currency. Unless you think your Haitian currency is worth something.
- sharemywin 9y agocreating a crypto currency easy. creating one that lots of people will trade and use quite another. Then even if you were to get a lot of paper wealth as a founder, sell large quantities of it without disrupting the market price.