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The primary quality of cryptocurrencies is that they reveal how little most people know about why money has value. This isn't something people have ever had to
by XorNot 4y ago
The primary quality of cryptocurrencies is that they reveal how little most people know about why money has value. This isn't something people have ever had to think about, except when someone comes along with cryptocurrency and says "this is going to be the money of the future" and they have to interrogate that argument.
- TacticalCoder 4y ago> The primary quality of cryptocurrencies is that they reveal how little most people know about why money has value. Well... What do people in Venezuela know about why money has value? They just came out straight out of six years of hyper-inflation (that is: for six years they experienced 50% inflation per month). Turkey: 88% inflation in 2022. Iran: 52% inflation in 2022. Lebanon: even more than that. People in these countries may know very little about why money has value but it looks like the elite governing them don't have that much clue either if you ask me.