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> Real money" is backed by more than just electrons. Yeah, it's also backed by violence. Not really any more tangible or less arbitrary than electrons, which a
by t-3 4y ago
> Real money" is backed by more than just electrons.
Yeah, it's also backed by violence. Not really any more tangible or less arbitrary than electrons, which are how the banks create money.
- jqpabc123 4y agoYeah, it's also backed by violence. Do you know any crypto bros who've been hurt or even arrested? There is no need for violence. The easy way to kill crypto is to do absolutely nothing. Perhaps the blatant fraud of "stable coins" needs to be addressed but otherwise, just let the marketplace corruption and instability run it's course without the oppressive hand of government getting involved. Crypto bros who won't accept the inadequacy of their rhetoric will end up broke.
- t-3 4y agoYou misunderstand what I'm saying. The legitimacy of "real"/government-issued fiat currencies is derived from the monopolies on violence held by the issuing governments. The money-creation and control is not any less arbitrary than cryptocurrencies.
- jqpabc123 4y agoThe money-creation and control is not any less arbitrary than cryptocurrencies. There is no control with crypto. The number/amount of cryptocurrencies that can be created and issued is unlimited. You can't get any more arbitrary than this. Totally arbitrary money isn't "real money".