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Re:Reddit mods dumped tokens hours before blockchain program... by mvdtnz on Saturday October 21, 2023 @03:37PM (#37969882)
Funny thing about crypto enthusiasts is that they'll claim cryptocurrencies are currencies when it's convenient then claim they are "assets" or "a store of value" when it's not.
Re:Reddit mods dumped tokens hours before blockchain program... by AnonCoward42 on Saturday October 21, 2023 @03:51PM (#37969972)
Obvious strawman.
Re:Reddit mods dumped tokens hours before blockchain program... by yjftsjthsd-h on Saturday October 21, 2023 @03:58PM (#37969999)
> they'll claim cryptocurrencies are currencies when it's convenient then claim they are "assets" or "a store of value" when it's not.

It's been a while since I took an econ class, but aren't all currencies, by definition, assets / stores of value?

Edit: Oh, you mean they're only assets but don't meet other criteria to be currencies?

Re:Reddit mods dumped tokens hours before blockchain program... by mvdtnz on Saturday October 21, 2023 @05:55PM (#37970824)
Yeah, your edit. It's a common refrain among Bitcoiners when faced with the deficiencies of their scambucks.
Re:Reddit mods dumped tokens hours before blockchain program... by AnonCoward42 on Sunday October 22, 2023 @02:20AM (#37973246)
How is Bitcoin a scam for you. Tell me.
Re:Reddit mods dumped tokens hours before blockchain program... by mvdtnz on Sunday October 22, 2023 @02:05PM (#37977637)
I didn't say Bitcoin is a scam. It's almost exclusively used for scams and other crimes, though.
Re:Reddit mods dumped tokens hours before blockchain program... by AnonCoward42 on Monday October 23, 2023 @04:30AM (#37982961)
You said "Bitcoiners" and "their scambucks" in one sentence.

Before eCommerce took off the internet was almost exclusively used for scams and arguably that is still the case even if not exclusively it's still a big part, so we should declare the internet a scam I suppose.

Disclaimer: I am not even heavily invested (in any sense). It's just a means to pay for stuff for me.

Re:Reddit mods dumped tokens hours before blockchain program... by JumpCrisscross on Saturday October 21, 2023 @06:18PM (#37971001)
> aren't all currencies, by definition, assets / stores of value?

Yes and no. Modern currencies separate the medium of exchange and unit of account functions, on one hand, from the store of value and standard of deferred payment functions, on the other hand. Paper and deposit dollars are the former, Treasuries are the latter. Someone complaining about inflation eroding their cash under a mattress's value is literally using it wrong.

Re:Reddit mods dumped tokens hours before blockchain program... by injeolmi_love on Saturday October 21, 2023 @05:12PM (#37970483)
There’s over 1.8 million crypto tokens. You can find one for any concept that’s been thought up.