Reply to post: Re: Insert meme here

Bitcoin is ‘disgusting and contrary to the interests of civilization’ says famed investor Charlie Munger

sev.monster Silver badge

Re: Insert meme here

And how can it not be money? The only difference monetarily between Bitcoin and traditional fiat currency is that the promise of value lies with the market, and not the regulatory board that oversees it. The people give Bitcoin value, so it has value. Governments give their fiat currencies value, so it has value. If the people stop giving Bitcoin value, it will lose its value, and if government-backed fiat loses the support of its respective government...

There are also other cryptocurrencies that are linked to more tangible assets, like Etherium smart contracts. Not all cryptocurrencies are mere proof of work and community-assigned value.

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