4chan idiot not knowing how money works. Owning stuff and holding money isn't an either/or. Money serves a specific function that commodities can't serve. Maybe learn economics 101.
As opposed to what - fake numbers on a piece of paper or fake numbers on your bank account? Come on, we've been through this bs. The medium for money doesn't have to have intrinsic value as a commodity.
For money to be sound, it has to be hard, scarce, durable, portable, divisible, and resistant to manipulation, with a high stock-to-flow ratio that enables it to function as a reliable store of value across generations. Bitcoin fulfills all of those better than any other currency in history, including the gold standard. Government fiat is not even worth mentioning, it's literally the worst debt-slave inflationary system ever devised, yet all the Bitcoin haters would rather have that than crypto.
If you don’t know, then shut the absolute fuck up about this topic. It’s the most basic, fundamental thing you need to know before you can opine in any capacity.
Don't ask me what it is because it's basic and everyone knows it
And I'm the sophist here lol.
Just because people take something for granted and self evident doesn't mean shit. Definitions tend to get very technical when you delve seriously in the subject. If I ask some rando person what existence is, he'd probably answer me the way you did. If I asked someone who has studied philosophy it's a different story. Same applies to economics and money. Your non-answer told me which person you are of the two.
4chan idiot not knowing how money works. Owning stuff and holding money isn't an either/or. Money serves a specific function that commodities can't serve. Maybe learn economics 101.
Crypto and FRNs aren’t money.
Why? What's the definition of money and how does BTC fail to meet the criteria for being money?
The fact that it isn't real, dipshit. It's fake numbers on a screen. Might as well invest in upvotes ffs.
As you said this and you're always wrong...BTC to 200,000 this year.
As opposed to what - fake numbers on a piece of paper or fake numbers on your bank account? Come on, we've been through this bs. The medium for money doesn't have to have intrinsic value as a commodity.
For money to be sound, it has to be hard, scarce, durable, portable, divisible, and resistant to manipulation, with a high stock-to-flow ratio that enables it to function as a reliable store of value across generations. Bitcoin fulfills all of those better than any other currency in history, including the gold standard. Government fiat is not even worth mentioning, it's literally the worst debt-slave inflationary system ever devised, yet all the Bitcoin haters would rather have that than crypto.
Because words have definitions, sophist.
If you don’t know, then shut the absolute fuck up about this topic. It’s the most basic, fundamental thing you need to know before you can opine in any capacity.
Same leftist bullshit.
And I'm the sophist here lol.
Just because people take something for granted and self evident doesn't mean shit. Definitions tend to get very technical when you delve seriously in the subject. If I ask some rando person what existence is, he'd probably answer me the way you did. If I asked someone who has studied philosophy it's a different story. Same applies to economics and money. Your non-answer told me which person you are of the two.