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> currency debasement Currency debasement is the act of lowering the intrinsic value of money, e.g lowering the gold content of a coin. Since the intrinsic va
by malermeister 4y ago
> currency debasement
Currency debasement is the act of lowering the intrinsic value of money, e.g lowering the gold content of a coin.
Since the intrinsic value of a bunch of numbers on a computer is 0, this is technically true, but only cause it can't go any lower.
> - arbitrary seizures
It also prevents non-arbitrary seizures as part of legitimate law enforcement action. Child porn rings, organized crime, etc etc
- conanbatt 4y agoFiat is also a bunch of numbers in a computer. This is a very old argument against crypto, need to brush up.
- malermeister 4y agoI'm not saying this as argument against crypto. I'm saying that the "debasement" claim is nonsense because it doesn't apply here.