Re:Bitcoin could become ‘worthless’, Bank of England warns
by rjbwork on Wednesday December 15, 2021 @07:21AM
(#29564965)
Chartalism is more of an absolute. I don't claim that money has value only due to this reason, just that it is a significant component of the mass delusion.
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Re:Bitcoin could become ‘worthless’, Bank of England warns
by md_ on Wednesday December 15, 2021 @07:25AM
(#29565019)
Agreed, chartalism as the only explanation for assigned value is clearly empirically false. But as one mechanism, or perhaps one of the stable or reliable mechanisms, is somewhat convincing to me.