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Joined 3 years ago
Cake day: June 22nd, 2023
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Crypto does work because digital scarcity is not good enough to create meaningful value so the fall back value is the energy input into the token. And the idea something is valuable just because of the electricity used is not very compelling and will never be adopted. Bitcoins price right now is highly based on miners keeping a floor based on not wanting a loss on their current energy input. Crypto basically abstracts the concept of money so far that losing actual reasons why it works. Touch grass


I would prefer our monetary systems come with the flexibility that is present when managed by governments. Unless someone can create crypto that has consumer protections