Fiat is virtual, bitcoin is not imo.
Consider that a trillion units of fiat can be created instantly at the stroke of pen, this cannot happen with bitcoin (*very* indirectly, because of the energy consumption required).
I understand that being a physical object or not might feel like the right definition, but I don't think so, it's more useful to consider what is virtual as what can be instantly, cheaply copied. (virtual as opposite of *real*, not opposite of physical).
waxwing /
npub1va…knuu7
2024-12-05 14:28:33
in reply to nevent1q…53jn
Author Public Key
npub1vadcfln4ugt2h9ruwsuwu5vu5am4xaka7pw6m7axy79aqyhp6u5q9knuu7Published at
2024-12-05 14:28:33Event JSON
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"content": "Fiat is virtual, bitcoin is not imo.\n\nConsider that a trillion units of fiat can be created instantly at the stroke of pen, this cannot happen with bitcoin (*very* indirectly, because of the energy consumption required).\n\nI understand that being a physical object or not might feel like the right definition, but I don't think so, it's more useful to consider what is virtual as what can be instantly, cheaply copied. (virtual as opposite of *real*, not opposite of physical).",
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