“Bitcoin destroys the environment” is a 99% bullshit argument from the powers that be to try to turn the working class against ourselves.
@graf Rich people are destroying the planet all day long with no repercussions. As soon as common people start developing our own solutions it’s an ecological crisis that can’t be ignored.
@alex @graf the point of the economy is not to allow certain people to get rich by any mean, it's to share the value among people, and to retribute them for their production.
When you speculate with bitcoin you make money without having created any value for the world. But you have generated a lot of energy consumption.
@agoradefense @alex @graf
To be a monney, a value must propose three characteristics:
* Can be used for accounting (since it's value is recognized by all), not the case here
* Store of value, the value is stable enough to be kept in time, not the case here
* Mean of exchange, not really the case here since there isnt a lot of economic operations that can be realized in bitcoin
I would that you're arguing that it's not "stable money" not that it's not "money", stable being a subjective measure of the individual.
1. Nothing is "recognized by all", I can't purchase goods at most conventional stores, I'd have to exchange it for fiat or gift card, just like you'd have to for bitcoin.
2. Even precious metals fluctuate in price/worth, granted, not widely as btc, but they've stores of value for millennia.
3. People buy goods and services all the time with bitcoin, granted in more tech savvy markets, any threshold of "a lot" or "widely used" is arbitrary.
All that being said, technically money is what ever people think is money, so what might be money to one is not money to an other, and honestly everything about it is subjective and arbitrary.
@agoradefense @clovis @alex @graf The terms "money" and "currency" have been conflated over the years. "Currency" refers to any medium of exchange that can be artificially manipulated (e.g dollars, euros, pounds, yen, etc). Money by definition cannot be artificially manipulated. This would include things like precious metals and decentralized crypt-currencies. I think this video sums it up best.
