And some people see it as a great store of value due to its unfuckwithability
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Replying to @MeesTeab @romanungern_
But then what will you do with your numbers?
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Replying to @HbdNrx @romanungern_
Pretend it has value like you pretend the dollar has a value. We pretend/agree/legitimatize that Trump is president.
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Maybe I'm spewing retardation but that's my understanding of things.
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Replying to @MeesTeab @romanungern_
But the dollar has value because guys with guns tell us it does. Bitcoin?
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Replying to @HbdNrx @romanungern_
The dollar has a value because people don't know it's intrinsically worthless. If MSM tells everyone tomorrow that $$$ is worthless —
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The $ would lose the entirety of its value in a day. The $ can be meme'd to death. The dollar doesn't have a value because of guns but —
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Because we agree that has a value. If the value of money can be backed with violence, wouldn't the venezuelan bolivar be stabile right now?
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Wouldn't the collapse of the weimar paper mark have been avoided?
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Replying to @MeesTeab @romanungern_
The Weimar government made the political decision to print money to that extent.
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Also, we agree the dollar has value because we agree the US government has power. They have a lot of guns and people willing to use them. It's true that if everyone decided those guns should be owned and controlled by others, US govt would fall and the dollar would be worthless
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