I personally believe money in general to be a crutch that covers up for humanity's utter inability to build systems based on mutual collaboration (somebody will always take advantage of the trust given to them). But it's surprising that during most of its existence, money was essentially a form of trust (the word "credit" in "system of credit", the way people usually describe current money, literally means trust. How amusing). And that trust, too, was abused — see counterfeiting, hyperinflation caused by central banks printing money to cover up for their government's debt etc.
At least nobody can take my cryptocurrency away from me or suddenly inflate its supply.
Also isn't the 21 million number a happy accident involving the halving mechanism, that was later adopted as one of the main selling points of Bitcoin? 😝 not gonna lie tho, not a bad thing to have it even by accident
Vika
npub179…rqced
2023-09-17 16:01:30
in reply to nevent1q…m090
Author Public Key
npub179hkmppz8m44dt0r7cg6f2jnn4shyew5fmu6uc9s9wle2s5s287qarqcedPublished at
2023-09-17 16:01:30Event JSON
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"kind": 1,
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"content": "I personally believe money in general to be a crutch that covers up for humanity's utter inability to build systems based on mutual collaboration (somebody will always take advantage of the trust given to them). But it's surprising that during most of its existence, money was essentially a form of trust (the word \"credit\" in \"system of credit\", the way people usually describe current money, literally means trust. How amusing). And that trust, too, was abused — see counterfeiting, hyperinflation caused by central banks printing money to cover up for their government's debt etc.\n\nAt least nobody can take my cryptocurrency away from me or suddenly inflate its supply.\n\nAlso isn't the 21 million number a happy accident involving the halving mechanism, that was later adopted as one of the main selling points of Bitcoin? 😝 not gonna lie tho, not a bad thing to have it even by accident",
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