GreenDust@lemmings.world to Lemmy Shitpost@lemmy.world · 10 days agoButtcoinlemmings.worldimagemessage-square49linkfedilinkarrow-up1527arrow-down19
arrow-up1518arrow-down1imageButtcoinlemmings.worldGreenDust@lemmings.world to Lemmy Shitpost@lemmy.world · 10 days agomessage-square49linkfedilink
minus-squarekossa@feddit.orglinkfedilinkarrow-up7·9 days agoWell, I mean, how you tell it, there’s some logic in it. But it feels like the logic of my 5 year old. “Currency is not backed by gold anymore, so we simulate finite supply and mining work, in order to establish such a currency again.” Allright. But…did they ever think about why gold is not a currency anymore and an investment vehicle instead?
minus-squareSkyezOpen@lemmy.worldlinkfedilinkarrow-up5·9 days ago it feels like the logic of my 5 year old. This is libertarianism in a nutshell.
minus-squareexplodicle@sh.itjust.workslinkfedilinkEnglisharrow-up1·9 days agoBecause Tricky Dick said it was only temporary? We only adopted the Keynesian rationale after ending the gold standard.
Well, I mean, how you tell it, there’s some logic in it. But it feels like the logic of my 5 year old.
“Currency is not backed by gold anymore, so we simulate finite supply and mining work, in order to establish such a currency again.”
Allright. But…did they ever think about why gold is not a currency anymore and an investment vehicle instead?
This is libertarianism in a nutshell.
Because Tricky Dick said it was only temporary? We only adopted the Keynesian rationale after ending the gold standard.