It fits my needs perfectly except for one critical issue --- it won't clean up food dropped on the floor.
Bitcoin is imaginary money. It works perfectly except for one critical issue --- it's not very good for purchasing stuff.
Bitcoin has about the same value as my imaginary dog.
tigereyeTO•35m ago
Contrived.
Your imaginary dog can’t teleport value across the globe instantly, but Bitcoin can.
darth_avocado•7m ago
Value can only teleport if someone is willing to trade traditional currency in exchange on the other side. My no international fee bank account also teleports value across the globe instantly and more merchants are willing to accept it than Bitcoin.
deejaaymac•19m ago
I use bitcoin to pay for things several times a month, works fine for me.
cozzyd•9m ago
Are you paying Strait of Hormuz passage fees, perchance?
lern_too_spel•19m ago
Can your imaginary dog be stolen by Russia and North Korea to circumvent sanctions? Are people buying "ownership" of your imaginary dog in a speculative frenzy that will cause the last bagholder to take a bath when there are no more greater fools?
It's true that your imaginary dog, like Bitcoin, has no good legal use; but your imaginary dog is harmless. Bitcoin is not.
ToucanLoucan•7m ago
Don't forget the flagrant use by politicians to grift their supporters and/or receive money that would otherwise be illegal to do so from foreign actors through it.
Truly amazing that the tech elite have replicated everything wrong with the existing financial system while not managing to get any of the actual good, useful parts.
or maybe they sont need an alternate criminal coin if you can now do fraud and crime in dollars with less transaction (bribe) cost.
gessha•7m ago
Another idea is big players pulling out of the crypto market and putting it into the LLM market.
Overpower0416•10m ago
People will FUD. After the cycle is over, Bitcoin will make new ATH and the people who bought the dip will be called lucky. Same old tale
tim-projects•3m ago
Bitcoin has gone through a number of narratives. A big one was the it was digital gold. Then, gold went up like crazy and bitcoin stagnated and people lost interest.
jqpabc123•51m ago
It fits my needs perfectly except for one critical issue --- it won't clean up food dropped on the floor.
Bitcoin is imaginary money. It works perfectly except for one critical issue --- it's not very good for purchasing stuff.
Bitcoin has about the same value as my imaginary dog.
tigereyeTO•35m ago
Your imaginary dog can’t teleport value across the globe instantly, but Bitcoin can.
darth_avocado•7m ago
deejaaymac•19m ago
cozzyd•9m ago
lern_too_spel•19m ago
It's true that your imaginary dog, like Bitcoin, has no good legal use; but your imaginary dog is harmless. Bitcoin is not.
ToucanLoucan•7m ago
Truly amazing that the tech elite have replicated everything wrong with the existing financial system while not managing to get any of the actual good, useful parts.