JackTheMimic on Nostr: Value is determined subjectively so the question is sort of narrow to begin with. ...
Value is determined subjectively so the question is sort of narrow to begin with. But, on top of that Fiat is an illusion like slight of hand. The reason you think dollars were worth anything is because gold was worth something. Dollars haven't been tied to gold sinxe 1971. So this is essentially like Wiley Coyote (The dollar) running off of the solid ground (gold) and we haven't looked down in 54 years. Bitcoin on the other hand has a marketvalue because of its immutability, transferability, and permissionless nature. A similar question would be: If the weather started being nice outside, would you leave your house forever? Obviously not.
Published at
2025-01-26 13:56:40Event JSON
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