Re:Javier Milei Backtracks on $4.4B Memecoin After 'Insiders...
by impossiblefork on Tuesday February 18, 2025 @05:35AM
(#43088112)
No, absolutely not. Money has value because of the loans. It is not without value because of the loans.
Because there are denominated loans in dollars people who have those loans have to get dollars to avoid losing their houses etc., and therefore dollars have value.
Because there's very little in loans denominated in Bitcoin, bitcoin has no value.
Because there are denominated loans in dollars people who have those loans have to get dollars to avoid losing their houses etc., and therefore dollars have value.
Because there's very little in loans denominated in Bitcoin, bitcoin has no value.