Simple case against cryptocurrencies: "Crypto has value" "Why?" "It has value because it's useful for transferring value" "But why does it have value in the first place?"
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The true value of printed money is exactly zero, unless one counts the price of paper and ink...
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No, the government forces that to have value
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So then the people force it for crypto, it's the same phenomena just riskier
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Why would the government do that?
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They're two seperate entities, the simple arguement for is " a fiat currency has value because the government says so" and "crypto has value because a group of people say so" it may be a digital tulip craze but that doesn't mean it isn't happening. Fiat logic is just as circular.
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When people with guns start forcing us to pay them crypto, I'll start to believe it has value. tbf maybe this is where ransom viruses come in
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Have you seen
@john_macafee's tweets, he's packing
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Why does a fiat currency have value?
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Because the government forces you to use it for tax payments
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Get that value in monero and they can't tax it, there ya go
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That's just another way of saying that it has value because it has value
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Money works because it *represents something* (like a right to a certain amount of x). Bitcoin doesn't represent anything.
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