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> You bought some cryptographically signed number that no one wants anymore. Much like: you bought a slip of paper that's effectively a Nancy Pelosi/Mitch McCo
by lurking15 3y ago
> You bought some cryptographically signed number that no one wants anymore.
Much like: you bought a slip of paper that's effectively a Nancy Pelosi/Mitch McConnell's Chuck-E-Cheese token that gets conjured out of thin air to the tune of trillions whenever the next mega-omnibus fraud bill that no one even reads anymore needs to be financed.
And this is done precisely because the tax burden of all these wars and social programs would be indefensible if it they were actually levied against the voters through taxation. Even billionaires can't finance this size of govt, you could confiscate all their wealth and that only works once. So they go with the invisible tax of currency devaluation, which robs everyone in the present and kills saving which robs people in future.
Face it: every fiat currency is on a one-way trip to zero. Every currency in world history has that fate.
- bb88 3y agoSo if you hate fiat currency without any underlying value, why are you willing to defend any "currency" without any underlying value? You could proclaim "GOLD STANDARD" I guess, and it might be better, or probably even worse. The big problem is that God filed all the gold under NOT USA. If South Africa wanted to devalue our currency then, they could mine a whole bunch of gold and put it on the market. If you're going to have a currency valued on something tangible, it needs to exist only in the US, something we can control. Also if you want to own gold, BUY GOLD! No one's stopping you! It has an intrinsic value in both jewelry and electronics! No need for this crypto nonsense!