JackTheMimic on Nostr: Not sure if this is a troll or a misunderstanding of what purpose means. The purpose ...
Not sure if this is a troll or a misunderstanding of what purpose means. The purpose of a thing is what it does. Bitcoin is a finite amount of information shared over a network. What it does, is allow people to transfer energy and value into the future.
Fiat is a non sequitur to bitcoin. What fiat does is allow people with counterfeiting permissions to steal from those who don't have that permission.
What fiat does and what Bitcoin does have no overlap and thus cannot share a purpose.
Being able to exchance fiat for bitcoin is the equivalent of defrauding people out of the best way to store value for the promise of immediate liquid fraud that they can defraud others with.
TL;DR Bitcoin's reason for existence is not its purpose. One should not conflate the two.
Fiat is a non sequitur to bitcoin. What fiat does is allow people with counterfeiting permissions to steal from those who don't have that permission.
What fiat does and what Bitcoin does have no overlap and thus cannot share a purpose.
Being able to exchance fiat for bitcoin is the equivalent of defrauding people out of the best way to store value for the promise of immediate liquid fraud that they can defraud others with.
TL;DR Bitcoin's reason for existence is not its purpose. One should not conflate the two.