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I work for fiat and this happens already ! You dont need crypto to have a working economy based on consumption and trade. In fact, crypto is perceived it seems
by secondaryacct 5y ago
I work for fiat and this happens already ! You dont need crypto to have a working economy based on consumption and trade.
In fact, crypto is perceived it seems to be an absolute value stashing system where you collect your reward and store it for free until you want others to produce effort for you.
But I refuse to produce effort for a guy who spent his energy 50 years ago and just throw at me a few gold coins to do his bidding. He wants me to work, he needs to pretend to be doing something too.
- FeepingCreature 5y ago> I work for fiat and this happens already ! You dont need crypto to have a working economy based on consumption and trade. Yes but apparently you need crypto to have censorship-proof cheap transactions that finish quickly. In theory, you can do that on a fiat currency. In practice, my transactions take days.