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Bitcoin et al is indoctrination into religion tied to financial incentive, greed.

• djohnston 7y ago
  faith is the foundation of any economic system
  • loceng 7y ago
    Faith in that someone giving you $1 means that you trust you'll be able to spend that $1 for something of equal value?
    • djohnston 7y ago
      from the time it was given to you, yes
• solotronics 7y ago
  I think you can make the exact same argument about any form of money. Fiat currency is definately has some religious aspects.
  • loceng 7y ago
    Actual currency - crypto-"currency" which misappropriate the term - doesn't increase in value transferring wealth to the earlier adopters, that's why currencies don't mimic Ponzi-Pyramid schemes. Currency is tied to tangibles of a nation and the intangibles of trusting that society is stable, meaning the value of the currency will be relatively stable.
• codehalo 7y ago
  "In God we trust"?
  • loceng 7y ago
    That's a marketing statement - doesn't mean currency is a religious structure.