FDR Changed the dollar bill to include the Star of Remphan
(media.scored.co)
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BTC is a digital asset/cryptocurrency, not fiat currency.
Issued by a government (e.g., USD, EUR, JPY)
Declared legal tender by law
Value is backed by government authority, not by a physical commodity
Not issued or controlled by any government
Decentralized, created by a network through mining
Not legal tender in most countries (though a few, like El Salvador, do accept it as legal tender)
Value comes from market demand, scarcity, and network consensus
Who issues it? What sets the value?
It's mined, not issued so it's like gold, only that its mining is limited and steady. It's based on cryptography. Value is determined by the market. There's no centralized institution that does that.
Mined from what, thin air? 🤣
The medium is not important. Mining here is used to describe the concept which is the thing that's valuable (the work put into obtaining the thing).
That's like saying the internet is worse than a public library because it's digital.
People can be really dumb when they try so hard not to understand basic concepts.
Can you hold it? Is it physical specie? No? It's fucking fiat. Piss off.
Ok, boomer. Is information valuable? Can you hold it?
You're both arguing based on physicalism. But value is a metaphysical category assigned to objects by people or God. Your mind, free will and soul are the most valuable things you have but you can't hold any of them.