Re:Crypto in 2026: Oh, This Is the Bad Place
by altruios on Tuesday June 23, 2026 @11:16AM
(#48646397)
> Fiat currency isn't just a matter of belief or stories
... Then how do we, as a society, determine how much a dollar is worth?! We do use force to enforce the stories we tell about fiat. But 'believe this story about how much a dollar will buy you and how much you owe, or else we will send thugs to your house' isn't disproving the point at all.
Re:Crypto in 2026: Oh, This Is the Bad Place
by nradov on Tuesday June 23, 2026 @10:13PM
(#48654280)
Determinations of worth are irrelevant. If the government says you have to pay $1000 in taxes then you have to come up with $1000, regardless of any stories or beliefs.
... Then how do we, as a society, determine how much a dollar is worth?! We do use force to enforce the stories we tell about fiat. But 'believe this story about how much a dollar will buy you and how much you owe, or else we will send thugs to your house' isn't disproving the point at all.