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Again, rare and valuable are not the same thing. A $2 bill is not as valuable as you think it is, unless you think it is $2.
by 1970-01-01 2mo ago
Again, rare and valuable are not the same thing. A $2 bill is not as valuable as you think it is, unless you think it is $2.
- danparsonson 2mo agoValue is entirely in the eye of the beholder - money itself only has value because enough of us agree that it does.
- pessimizer 2mo agoNo, it has value because it is the only means that are absolutely accepted to pay taxes and most legal judgements (i.e. obligations to the state that issued that currency.) If you don't have dollars and you need to pay US taxes, you have got to get some or you will go to jail. It's not bitcoin.
- danparsonson 2mo agoYou just said the same thing that I did - "enough of us" includes your government.