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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If cryptocurrency has value only because it has value, that argument is circular and prone to total collapse. The true value of cryptocurrency is exactly zero.
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Replying to @HbdNrx
The true value of printed money is exactly zero, unless one counts the price of paper and ink...
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Replying to @HbdNrx @astaroth93
So then the people force it for crypto, it's the same phenomena just riskier
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Replying to @HbdNrx @astaroth93
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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Replying to @HbdNrx @astaroth93
Have you seen
@john_macafee's tweets, he's packing0 replies 0 retweets 1 likeThanks. Twitter will use this to make your timeline better. UndoUndo
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