this post was submitted on 08 Feb 2025
463 points (96.6% liked)
Curated Tumblr
4803 readers
5 users here now
For preserving the least toxic and most culturally relevant Tumblr heritage posts.
The best transcribed post each week will be pinned and receive a random bitmap of a trophy superimposed with the author's username and a personalized message. Here are some OCR tools to assist you in your endeavors:
-
FOSS Android Recs per u/m_f@discuss.online: 1 , 2
Don't be mean. I promise to do my best to judge that fairly.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
To quote Brian Brushwood, "It's just pieces of paper that we believe in."
U.S. Economy Grinds To Halt As Nation Realizes Money Just A Symbolic, Mutually Shared Illusion
Was not expecting to see Street-Fighter's-Guile-as-a-magician quoted in this comment section... or at all really. He's come a long way since Scam School, I guess.
The Modern Rogue was fun while it lasted.
The reason that you and everyone else believe in it is primarily because you need it to pay taxes, so the belief is not arbitrary.
Thinking of how I got here, reductively speaking:
I agree, but that leads to an infinite regress of your parents observering their parents, etc. My argument is really about the start of this chain.
Ah I see!
Convenience ought to have helped too! Though yes when the person with that monopoly on violence thing asks, you do.
You don't need Bitcoin to pay taxes, yet belief in it continues to grow.
That is true, but Bitcoin, like all other crypto"currencies", is a Ponzi scheme. Its value is driven purely by speculation, and the hope that it can be passed on to a "greater fool" for profit. This is true for a lot of financial assets, by the way.
You don't think secure time stamps are useful?
Lots of people don't have to pay taxes.
True, but somene has to, and they will create a demand for the currency. If I hear that Joe the baker needs money to pay taxes, and I want to buy bread from him, I know he will accept the government currency as payment for his bread. This in turn makes me demand money to be able to buy the bread.