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The cryptocurrency has value! Maybe we agree that it's shitty, but its value is abundantly clear. It has a price and a nonzero trading volume. An economy that p
by Y_Y 3y ago
The cryptocurrency has value! Maybe we agree that it's shitty, but its value is abundantly clear. It has a price and a nonzero trading volume. An economy that prioritized at human wellbeing or moral value (and had the might to impose it) might be nice, but it's a far cry from the current reality of market forces determining what gets produced.
- Night_Thastus 3y agoThat 'value' effectively doesn't exist. Basically no-one is going out and buying things with Crypto, minus some illegal purchases. The only reason people are still involved with it at all is as a speculative asset. They aren't using it as a currency - they're hoping it will go up in price and they can pawn it off to the next sucker to do the same. That's not 'value' in my eyes.
- EasyMark 3y agofentanyl also has value, but it also kills (unnecessarily) more 18-45 year olds than anything else (USA). Just because people pay for something doesn't mean it's not something that shouldn't taken off the market for the betterment of society. I consider bitcoin in that same area.