1684
Get your vote in now!!
(lemmy.world)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 02 Jun 2024
1684 points (100.0% liked)
Microblog Memes
5793 readers
2458 users here now
A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.
Created as an evolution of White People Twitter and other tweet-capture subreddits.
Rules:
- Please put at least one word relevant to the post in the post title.
- Be nice.
- No advertising, brand promotion or guerilla marketing.
- Posters are encouraged to link to the toot or tweet etc in the description of posts.
Related communities:
founded 1 year ago
MODERATORS
An easy way to tell if it's "real" money or not is to see if goods are ever priced directly in it, where it isn't just directly indexed to the exchange rate of an established currency.
Hint: Even places that accept crypto payments don't do this. The crypto price fluctuates based on the moment by moment exchange rate to the local currency.
sumerians denoted everything in silver shekels but trade was done will all manner of commodities, including barley grains. your theory of money sounds like it comes from the Adam Smith cult.
Are barley grains a currency? I'm not understanding your argument here. In a practical sense, cryptocurrencies are far too volatile to use as a currency and the "stable" coins are tied to things like the US dollar. Well, I should say allegedly tied because "stable" coins like tether haven't been audited to actually prove it's tied to the underlying.
people use all kinds of things as money. none of it is fake, except counterfeits, but even they have found use as currency.
That's like saying stocks are currency because you can trade them for money.
no, it's not.
People have paid for things with stocks before, as a currency.
oh nice. then yea. it's money.
barley grains have been used as currency, yes.
Are they a currency now? Why or why not?
I am not in touch with every living culture but my guess is that they are not. at least, I don't know of any current cultures using barley grains.
tally sticks denoted debt in Britain, and were used directly as money out of convenience, but they were themselves denoted in roman currency iirc.
Can I ask what the point of arguing semantics here is?
Maybe you have put in the effort to figure out all the avenues to use bitcoin to pay for things, but its not easy and you sound more like a drug addict scrounging for metal and bottles, and then wondering why noone else is interested in your hustle.
Why do you care if people call bitcoin real or not anyways? For most people its not real, for you I guess it is, does that make sense?
if someone is making a semantic argument it's those who won't accept that Bitcoin is money as surely as any other form of money we have ever used.
What's the difference between something having monetary value and it being currency then?
I dont see the difference between the bitcoin I could buy drugs with online, and the ps2 I trade my weed dealer 15 years ago for drugs.
I dont understand what greater point there is to be had here besides, "well technically anything is currency".
there probably is no such thing as fake money except counterfeit money.
So latin American currencies are not real money. We already knew but wow harsh reality