Thread - Nostr Hypermedia

halalmoney halalmoney@stacker.news 5 months ago

*#Bitcoin has "no intrinsic value" in exactly the same way language has no intrinsic value. The value of both is derived from the network it creates and what what is possible only with if that network exists.*

Guy Swann

#Bitcoin has "no intrinsic value" in exactly the same way language has no intrinsic value. The value of both is derived from the network it creates and what what is possible only with if that network exists. A society without language to communicate information is so poor it's hardly worth calling it a "society." The same is true for Bitcoin and sound money. Keep watching. The world of bitcoiners will keep getting wealthier, and the fiat world will keep getting poorer. You are invited anytime you would like to stop having fun staying poor using money that explicitly steals from you and says its for your benefit.

View quoted note →

Replies (4)

Wasted Potential 5 months ago

But people wanna have a common language for communication. Can't force Bitcoin to be it. People choose eventually.

FreeYoda 5 months ago

The scary part of Democracy is that only a majority makes the decisions 😱

2 replies ↓

Wasted Potential 5 months ago

True. We are living through the effects of one right now. 😂

SwBratcher swb@primal.net 5 months ago

The problem with democracy is that he who controls the media message to the less intelligent controls the government merely through a “get out and vote” campaign. It’s what leads to ochlocracy, or mob rule, where passion and emotion override reason, demagogues manipulate public sentiment, and instability ensues.