You're correct and that's way more efficient than teaching dozens of people what do ban. People make mistakes, Tech doesn't (as long as it's coded correctly)
You are right in that it increases people's belief in money because it is the primary source of revenue for states. But if the majority of people did not believe in the piece of paper, it would be worth nothing. That is the fundamental value of money as we know it.
There have been states where stones were the currency simply because the inhabitants believed in them.
What's the underlying mechanism that gives money a value? We the humans give money and gold a value because we believe they're valuable. Same with crypto. Bitcoin is literally like gold but digital. Stop saying what everyone without knowledge says and inform yourself. Not only about crypto, also about money etc.
If you don't understand the fundamentals of money, how can you judge something of being scam. There are lot of people here who didn't even understand how money and gold works.
So what's the difference to money, stocks or every other investing option? There's has to be someone who loses so someone different can win. We're living in a capitalistic system, that's how it works.
NFTs yes but crypto is absolutely not a bubble. People are saying that for decades now and it hasn't been truth. Yes there are shitcoins, just shitstocks. But in general, it's definitely not a bubble but an alternative investing method beside stocks, gold etc.
higgs @ higgsone @lemmy.world Posts 11Comments 57Joined 2 yr. ago
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