Comment on Crypto genius

• 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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      • Shareni@programming.dev ⁨11⁩ ⁨months⁩ ago

        So you’re working in hope to get a nebulous pile of 1s and 0s or a some colorful pieces of paper. On top of that those numbers and papers have no intrinsic value, but are instead valuated by some dipshits and can become worthless overnight.

        What’s your point there buddy?

        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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• 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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