I wish there were signs of... Burning cash, coal and silicon to make fictitious digital money.https://twitter.com/katherineykwu/status/1045059356994269184 …
Cryptocurrency Analyst. Bitcoin, not Blockchain. Angel Investor. Previously @Princeton.
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Paranoid Bull Retweeted Katherine Wu
I wish there were signs of... Burning cash, coal and silicon to make fictitious digital money.https://twitter.com/katherineykwu/status/1045059356994269184 …
Paranoid Bull added,
pic.twitter.com/8UyKHJOvfkNot very "fictitious" to the people fleeing Venezuela with their life savings stored in it.
It literally is made up fictional currency. The fact it is better than Fiat in many cases simply shows how bad things are with Fiat.
It is no more, or less, fictitious than Fiat, Gold, Shells or Salt. Fiat is “forced money” while Gold and Bitcoin are “natural money”.
Wrong. It is literally a fictional idea made up be a pseudonymous hacker. The fact this fiction is believed as much as fiat backed by actual governments says as much about fiat as it does it. Gold is a tangible rock. From the ground. Not a fictional idea.
Gold is a tangible rock, the belief it is money is a fictitious story. All money is a story that only works because everyone believes it
This is right in a way. But Bitcoin pushes the idea further. It is a fiction upon a fiction. Shows the absurdity of the Fiat system by its existence.
There wouldn’t be a revolt against the Fiat system if the money supply would not be manipulated. Bitcoin is engineers’ retaliation against the institution of Fiat, Central Banking, Bailins, Bailouts, etc.
Who cares about alternative stories? We live in this absurdity.
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