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Well, yes, but that completely misses the point. Bitcoin is currency, and you can reason that all currencies solely have imaginary value. We only value dollar b
by ddek 6y ago
Well, yes, but that completely misses the point. Bitcoin is currency, and you can reason that all currencies solely have imaginary value. We only value dollar bills because of an intricate system of promises that assures us we can exchange them for things. Bitcoin is no different.
- jakelazaroff 6y agoGold is largely not currency, so I don't think this is a good defense of OP's argument. You can compare the environmental impact of physical currency to Bitcoin if you want, but I don't think it will work out in Bitcoin's favor.
- ddek 6y agoOoh I only disagree about bitcoin having imaginary value. I believe a bitcoin has real value, because we have chosen it to have real value, much like we collectively chose the USD to mean something. I don't have any real opinion on the environmental effect of bitcoin, if we do that then maybe we should start thinking about the environmental effects of javascript.
- jakelazaroff 6y agoSounds like we’re on the same page? All I’m trying to say is that gold vs. Bitcoin is not an apples-to-apples comparison.