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OK you Bitcoiners need to get your story straight, is it a meme or not!?!
https://twitter.com/bitstein/status/1037771987400179712 …
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On a more serious note, to deny the memetic quality of money seems obviously wrong. Money is a shared illusion. A bubble that "never" pops. Some properties, like inflation rate, make it better/worse. But using an otherwise *worthless* asset as a store of value is not "pure math"
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But that’s where you are wrong. It’s obviously not “worthless”. All value is subjective.
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Swap "useless" for "worthless". Regretted the word choice as soon as I sent it. Bitcoin (like fiat) has no intrinsic use. I can't eat it, or use it as a tool, it won't keep me warm, etc... Yes, it's value is subjective. That is THE POINT. It's not "math"
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Foods value is as subjective as Bitcoin’s. There is no such thing as “intrinsic” value. That theory has been proven wrong time and time again. https://en.m.wikipedia.org/wiki/Subjective_theory_of_value … If Gold has monetary premium value then BTC has to have even greater value - Market is still mispriced.
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Dismissing market choice of media of exchange as a “meme” implies that it’s value is arbitrary when it’s not.
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If it was merely a meme, then we would use sand as money but we don’t. Money is a technology.
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First, it’s not dismissive to call something a meme. Memes are a cornerstone of civilization Second, I’m very happy to hear you finally agree money is a technology Third, of course money isn’t just a technology, otherwise a BTC fork w improved tech would easy surpass BTC
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