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10 sats \ 2 replies \ @bubbajimm OP 22 Mar freebie \ on: Imaginary currency Bitcoins fuel bad candidates bitcoin
People like to point out that the US dollar is not backed by anything tangible just like Bitcoins and all the other imaginary currencies. The big difference is the entire country has to fail for the dollar to be worthless where as Bitcoins and all the others could collapse in the next minute
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10 sats \ 1 reply \ @Enemy_of_the_state 22 Mar
Paraphrasing Parker Lewis: Money is an A/B test.
Do you want money (A) with unlimited supply, that someone can legally counterfeit, just not you?
Or do you want money (B), that has a finite supply, and no one can counterfeit, whether "legal" or not?
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0 sats \ 0 replies \ @bubbajimm OP 24 Mar
One or the other is not a valid argument.
If money is limited and a big hitter dies without passing it. That money is gone. How many times until there isn't enough to go around?
It's just a bad idea.
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