Mass Layoffs and Absentee Bosses Create a Morale Crisis at Meta

Re:Mass Layoffs and Absentee Bosses Create a Morale Crisis a... by callmeal on Wednesday April 12, 2023 @10:48AM (#35540664)

>This is exactly the one use case where cryptocurrencies do work, ... Doing non-centralized transactions is what it excels at.

Isn't it backwards? If I have a few (officially issued) colored pieces of paper in my pocket, I can give them away in exchange for other stuff, but if I have a cryptocoin in my pocket, there is no way I can exchange it for anything unless another party (or a majority) agrees to that exchange.

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Re:Mass Layoffs and Absentee Bosses Create a Morale Crisis a... by sowbug on Wednesday April 12, 2023 @11:17AM (#35541189)

You're begging the question.* Both cases rely on the network effects of the currency. I am not convinced that a government-backed piece of paper will still have value when "the current financial system stopped working." That financial system is part and parcel of the government.

*https://begthequestion.info/

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