Comment on Crypto genius

• DampSquid@feddit.uk ⁨11⁩ ⁨months⁩ ago

  You just described all economies

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  • starman2112@sh.itjust.works ⁨11⁩ ⁨months⁩ ago

    Lmao yeah me trading an hour worth of work for a meal that I will consume is the same thing as me trading an hour of work for a nebulous pile of 1s and 0s and hoping some dipshit will pay 2 hours worth of work for them later

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    • Shareni@programming.dev ⁨11⁩ ⁨months⁩ ago

      Lmao you’re working in a barter economy?

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      • starman2112@sh.itjust.works ⁨11⁩ ⁨months⁩ ago

        I make x dollars per hour

        A meal at a restaurant costs roughly x dollars

        I trade one hour of labor for x dollars, then trade x dollars for one meal

        YOU DO THIS TOO

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  • chuckleslord@lemmy.world ⁨11⁩ ⁨months⁩ ago

    I mean, logically there’s something that people need in some of those…

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    • kautau@lemmy.world ⁨11⁩ ⁨months⁩ ago

      Bro food is a bubble

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  • frezik@midwest.social ⁨11⁩ ⁨months⁩ ago

    Economics is simply a study in how to allocate scarce goods. It does not need to result in hoarding scarce goods in the hope of getting more for them later.

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