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You realize that while your criticism of Bitcoin is factually accurate, your criticism could apply to just about any fiat currency. Dollars, Euros, Yen, aren't
by retardedelk 12y ago
You realize that while your criticism of Bitcoin is factually accurate, your criticism could apply to just about any fiat currency.
Dollars, Euros, Yen, aren't backed by anything other than the belief that it is money.
However, I do acknowledge that states invest a lot of resources into indoctrination, so the belief in fiat currency might be stronger than the belief in cryptocurrency.
- Goronmon 12y agoAren't dollars are backed by the American economy and military? Unless you are speaking in a "Our reality is only our perception" type of way, at which point I'm not sure I buy the argument. However, I do acknowledge that states invest a lot of resources into indoctrination, so the belief in fiat currency might be stronger than the belief in cryptocurrency. I'm not sure how you think this will help anyone take you seriously?