To be honest I don't care about either definition of money based on norms and definitions of society. I'm a scientist, and the universal currency of this universe is energy. Bitcoin is backed by pure energy stored in unbreakable asymmetric encryption. laws of nature
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The hilarious thing is that this is clearly what Bitcoin is It doesn't do any work, it doesn't produce any material goods, it doesn't make anyone's life better It only has value because a bunch of nerds hate the government and are in a weird cult
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But because of that weird cult, bang! Magic! Hundreds of thousands of dollars of "value" where there was none before! It's like Beanie Babies only without the cuteness
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its called FIAT. you can't create energy out of nothing. If you could I'd be the first to congratulate your nobel prize.
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In a startling twist, it transpires that the words 'energy' and 'value' have radically different meanings.
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