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Be kind to your elders (lemmy.world)

submitted 2 days ago by The_Picard_Maneuver@lemmy.world to c/whitepeopletwitter@sh.itjust.works

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[–] Kichae@lemmy.ca 6 points 14 hours ago (1 children)

As decentralized money, it's great

It's not money. It's not accepted as money anywhere that matters.

It's a market speculation vehicle built on the fucking aether, that you can currently sell easily enough in small quanties in order to get some actual currency that retailers will accept.

But it sure as fuck ain't money. It's just a bunch or techno-utopians huffing farts.

[–] Knock_Knock_Lemmy_In@lemmy.world 1 points 12 hours ago

It's not accepted as money anywhere that matters.

You can buy houses and cars with crypto.

It's a market speculation vehicle built on the fucking aether

Heard of futures, options and swaps? Aren't they equally built out fucking aether.

But it sure as fuck ain't money

It is accepted as payment for goods and services and repayment of debts.