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Why should a currency reward anyone? A currency is a way of "liquifying productivity" -- what we have with crypto is a few people turning up early, claiming a
by mjburgess 5y ago
Why should a currency reward anyone?
A currency is a way of "liquifying productivity" -- what we have with crypto is a few people turning up early, claiming a stake, and waiting ~10yr until they can exit with a fleet of tesla, houses, etc. because theyve convinced people to accept their tokens as cash.
That's about as anti-productivity as you can possibly imagine. It's a transfer of production (eg., cars) to the unproductive. Holding bitcoin in order to spend it is asking the productive economy to subsidise you.
(1) It is a scam; and (2) as a currency, it's madness.
- ianai 5y agoI’m reminded of the Better Call Saul where a guy tries to hire him to help declare sovereignty from the US and wants to pay lawyer fees in the currency of the future country.
- Pxtl 5y agoOr in Raul Julia's magnificent performance as Bison in the Street Fighter movie. https://youtu.be/Shxiy7l5b_4 https://youtu.be/Shxiy7l5b_4
- vegai_ 5y ago>Why should a currency reward anyone? Are you calling a revolutionary technology merely a currency?
- zhynn 5y agoLine goes up.