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>fantasy dollars If you include all fiat currencies in that category I think that's a keen name. If it's just a title to bad-mouth crypto in some arbitrary wa
by serf 3y ago
>fantasy dollars
If you include all fiat currencies in that category I think that's a keen name.
If it's just a title to bad-mouth crypto in some arbitrary way -- well -- a lot of very real stuff has been bought with crypto, and name-calling generally attracts the very worst allies.
I get the energy concern, and mostly agree with you, but i'm not sure we should pretend that fiat currencies have these problems fixed.
Military backing for the sake of currency stability requires X amount of energy daily to facilitate, it's just not draining Texas. 'Not my problem'?
- seanmcdirmid 3y agoOther fiat currencies don’t take a bunch of energy to mint. Fiat metals (whose values are worth more than their practical use), however, do have a cost to extract and refine, so it’s not like crypto currency is alone here.
- throw0101b 3y ago> If you include all fiat currencies in that category I think that's a keen name. All currencies are fantasies: rocks,[1] sea shells, paper, bits. Money is an human invention[2] and social contract[3] to help in interactions for goods and services. [1] https://en.wikipedia.org/wiki/Rai_stones https://en.wikipedia.org/wiki/Rai_stones [2] https://www.goodreads.com/en/book/show/50358103 https://www.goodreads.com/en/book/show/50358103 [3] https://en.wikipedia.org/wiki/Debt:_The_First_5000_Years https://en.wikipedia.org/wiki/Debt:_The_First_5000_Years