Re:Mass of Transactions Leaving Crypto.com Wallets
by readthenotes1 on Monday November 14, 2022 @12:14PM
(#33597327)
The whataboutism kinda falls flat since both can be true: fiat currency from a govt and crypto can both have zero real value, propped up only by shared delusions.
However, govt currency is propped up some by it's taxing authority (the govts ability to take value from its residents)
that kind of assumes the tokens produced have no value which in the case of stuff like bitcoin seems empirically not to be true. Even after all the crashes etc. you can sell them for >$10k each
And if you say the people paying $10k+ for bitcoins are just mugs, it's all 0s and 1s, it is hard to differentiate from regular currency which is also just bits of paper or 0s or 1s. Both have value because in practice you can exchange them for real stuff.