"money is an abstract social contract"
exactly. very succinct explanation. this is absolutely the difference between those who support it and those who don't.
doubters will say complain about it being completely digital, ya well so is the vast majority of US Dollars. you think for every dollar on the books their is a physical piece of paper?
or "if the internet/electrical grid goes down crypto won't work." ya but your dollars will? will credit/debit card? the existing financial system goes down too.
or i don't understand how it works so i wont use it. oh well the overwhelming majority don't know how fractional reserve central banking works yet use it everyday.
the arguments just get lamer from there. your point tho makes the most sense to me. money can be whatever we collectively agree upon and we understand the current system is controlled by corrupt morons who select winners (cantillon effect).
doubters will say complain about it being completely digital, ya well so is the vast majority of US Dollars.
Digital IS to be traceable. That's the argument. Dismissing this because of what we have now isn't an argument for it being better than we have now you moron.
you think for every dollar on the books their is a physical piece of paper?
That's the fucking problem, is to manipulate the currency without physical reality of limits is why we're fucked the first place. 90% of bitcon is in very few hands which again isn't better than our current situation you moron.
or "if the internet/electrical grid goes down crypto won't work." ya but your dollars will? will credit/debit card? the existing financial system goes down too.
This is a strawman arguement but again you argue against yourself pointing out it's the same as the current system you fucking moron.
or i don't understand how it works so i wont use it. oh well the overwhelming majority don't know how fractional reserve central banking works yet use it everyday.
Again a strawman arguement. Complexity is not an excuse for lack of use. Having the ability to follow the flow of money throughout the globe for predictive programming IS the fucking issue. Inherent in digital. Cash and physical is airgap that results in lost data and loss of predictive accuracy. Central banking is the heart of everything corrupt.
the arguments just get lamer from there. your point tho makes the most sense to me.
Arrogance.
money can be whatever we collectively agree upon and we understand the current system is controlled by corrupt morons who select winners (cantillon effect).
I agree, but you're asking to hop from the boiling pot into the fire. Ultimately we all make our own choices and you make yours. I'm just pointing out the chains your putting on yourself.
soooo you're argument is to what exactly? keep the same system in place? keep putting trust into a system that has proven to be an utter failure? so if I'm advocating to put chains on myself are you saying the current system is akin to taking off the chains? what the fuck is your stance, since your off putting remarks seem to indicate you have it all figured out.
i'm not saying crypto is perfect, there's many cons, but i think they pros outweigh the current system. clearly there's going to be some similarities since we're talking about a currency system.
also, I'm trying to have a constructive conversation, you calling me a moron for discussing such a broad and large topic as what makes a currency in a society and taking pot shots doesn't make you smart or intelligent. it makes you an asshole. your faggy, unfunny tone would change real quick if we had this discussion face to face. you really come off like a limp wrist piece of shit who thinks he can speak to people any way he wants without consequence and needs to overcompensate with insults for literally no reason. shove you're pretentious attitude up your loose asshole ya fucking cunt.
Very simple, get rid of the central banks and debt based currencies. You're advocating for the exact thing central banking needs to implement complete control. Yes we are fucked right now but we weren't fucked before 1913, we were a fucking power house without jew money. Anyone advocating for more chains is a fucking moron. You are advocating for more chains, therefore you're a fucking moron. Don't get mad at me for letting you know.
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