5 ms·
>self-sovereignty of my money. the entire concept of money is a social construct. It's a culture wide bluff that we all agree to never call. "self-sovereignty"
by Avshalom 3y ago
>self-sovereignty of my money.
the entire concept of money is a social construct. It's a culture wide bluff that we all agree to never call. "self-sovereignty" is antithetical to the idea of money.
- UncleOxidant 3y agoWell said. If you want self-sovereignty buy a large sailboad or maybe a remote plot of land and seeds.
- AlexandrB 3y agoIt's also notable how much technological infrastructure is required to make this "self-sovereign" money possible - from specialized ASICs to constant internet connectivity. Gold is a much more self-sovereign store of value than any cryptocurrency.
- Etrnl_President 3y ago@Alexander B Specialized ASIC were developed after crypto became popular.
- AlexandrB 3y agoWhy does that matter? I'm pretty sure Bitcoin couldn't go back to CPU/GPU mining without killing the transaction rate or spiking the transaction cost. Using your self-sovereign money successfully (and at its current value) requires specialized ASICs to continue to be available.