Can I pay my taxes, rent, and student loans in your currency? If not then it’s not real money
Comment on Brave CEO rants about "lefties," "glowies," George Soros
rmuk@feddit.uk 2 days agoYeah, a lot of people say things like “a BloingCoin is worth €1000” or “1 PissBux is worth more than a barrel of oil” but, like, so what? I know how many apples I can buy with €1 (about two). How many apples can I buy with a BloingCoin or a PissBux? Or, for that matter, a barrel of oil?
captainlezbian@lemmy.world 2 days ago
AbidanYre@lemmy.world 1 day ago
Image
rmuk@feddit.uk 23 hours ago
Exactly this. People who buy crypto with Real Money only do so in the expectation that they’ll later be able to sell it for more Real Money. By design, it doesn’t represent labor, materials, services, anything of actual worth, it just sucks the value out of fiat currency like a parasite.