this post was submitted on 14 Apr 2024
249 points (97.0% liked)
Bωockchain
264 readers
1 users here now
crypto skeptical community
bwockchain is not a technology of the future, buttcoin is a scam.
All lemmy.ml instance rules work here.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Pseudo-anonymous store of value that doesn't require a central institution for transmission?
And actually has no mechanism to store value... so called value is based on a pure speculation
You do know that value is a subjective form of perception right? Value is created because of a belief in a thing. Its all pure speculation.
I know its fun to punch down on crypto but its not like literally all currencies and modern stores of value that aren't actual physical good (and even some of them) suffer from the exact some issue.
No, I don't. Who told you this crap? Read this, seems you need this right now -> https://en.prolewiki.org/wiki/Value. You are welcome
I’m not sure if that’s supposed to be some kind of a gotcha or something but it isn’t.
Are actually citing the prolewiki unironically? And even then, those sources and thinkers agree with what I just said.
Value is based on based on perception. Its a made up human thing. And made up human things can be useful, just like dollars or stocks and bonds or dividends, or property deeds, or an exchange rate between precious metals and various goods and services.
Value is all made up and purely subjective. And thats fine. Made up fictional things can still have utility.