enlund on Nostr: 🤔 When the sophist Yuval Harari speaks about Bitcoin, he speaks with a forked ...
🤔 When the sophist Yuval Harari speaks about Bitcoin, he speaks with a forked tongue.
- He claims that Bitcoin is about a lack of trust. But #Bitcoin is about trustlessness - i.e., not requiring trust. This is a significant difference.
- He claims that the "whole" purpose of money is to create trust between strangers. That is also not true. (Banks can, however, convert dubious promises into less dubious promises).
- He further claims that the money printing by banks and central banks "builds trust" (through their legal counterfeiting). It is more than a little audacious.
- Trust is actually earned; it is not something that can be built, established, or proclaimed - regardless of what these people may prattle on about.
- He claims that Bitcoin is about a lack of trust. But #Bitcoin is about trustlessness - i.e., not requiring trust. This is a significant difference.
- He claims that the "whole" purpose of money is to create trust between strangers. That is also not true. (Banks can, however, convert dubious promises into less dubious promises).
- He further claims that the money printing by banks and central banks "builds trust" (through their legal counterfeiting). It is more than a little audacious.
- Trust is actually earned; it is not something that can be built, established, or proclaimed - regardless of what these people may prattle on about.