@ToeNailClippings@lemmy.world to Lemmy Shitpost@lemmy.world • 2 years agoGonna be a great day!lemmy.worldimagemessage-square125arrow-up1617
arrow-up1616imageGonna be a great day!lemmy.world@ToeNailClippings@lemmy.world to Lemmy Shitpost@lemmy.world • 2 years agomessage-square125
minus-squareMarxism-FennekinismlinkfedilinkEnglish30•edit-22 years agoEven worse fate for cryptobros than Bitcoin deleting itself: people actually realizing that digital hashes don’t have real value.
minus-square@ILikeBoobies@lemmy.calinkfedilink29•edit-22 years agoReal money is backed by a country’s respective economy - its an IOU from the government Bitcoin is an IOU backed by nothing That’s pretty rudimentary but it explains it
minus-square@weirdwallace75@lemmy.worldlinkfedilinkEnglish8•2 years ago Real money is backed by a country’s respective economy True. its an IOU from the government False. An IOU from the government is a bond.
minus-square@ILikeBoobies@lemmy.calinkfedilink2•2 years agoI understand that’s a bond The dollar is representative of the work you contributed to the economy
minus-square@afraid_of_zombies@lemmy.worldlinkfedilink3•2 years ago Mind you this applies to regular money too. No, you can use regular money to pay taxes and demand that it be accepted for all debts private and public. The same isn’t true of Bitcoin
minus-squareNPClinkfedilinkEnglish7•2 years agoOh you can definitely demand people take your bitcoin. You’ll just look like a huge twat while doing so and people will rightfully laugh at you ;)
minus-square@afraid_of_zombies@lemmy.worldlinkfedilink1•2 years agoWell maybe you can but I don’t have a mall katana ;)
Even worse fate for cryptobros than Bitcoin deleting itself: people actually realizing that digital hashes don’t have real value.
Real money is backed by a country’s respective economy - its an IOU from the government
Bitcoin is an IOU backed by nothing
That’s pretty rudimentary but it explains it
True.
False.
An IOU from the government is a bond.
I understand that’s a bond
The dollar is representative of the work you contributed to the economy
Zimbabwe fucking enters the chat
And NFT’s are the receipts.
No, you can use regular money to pay taxes and demand that it be accepted for all debts private and public. The same isn’t true of Bitcoin
Oh you can definitely demand people take your bitcoin. You’ll just look like a huge twat while doing so and people will rightfully laugh at you ;)
Well maybe you can but I don’t have a mall katana ;)