is that what it is idk

I'm not arguing its validity

i just don't consider it a currency personally, i'll never deal with people in bitcoin 😄

i think it's a new thing because all currency has generally be state backed minus gold, it was just pulled from the ground.

@Dr.Wol and thats not how it should be.
controlled by private owned banks that can create money from nothing and devalue money, and get paid intrest by tax payers.

if an economy grows the amount of money that has to be printed grows too, you just gotta make sure resources back them

@Dr.Wol but how do you know? what if your future websites all run off blockchain and you dont even know until someone tells you

or apps

whatever

discords

oh they can run off it,

But i'm not gonna trade with it

you use discord, a centralized, corrupt company that sells your data to the highest bidder

you buy discord stocks?

prob not

i don't

Really interesting article, https://www.opindia.com/2018/11/welcome-to-india-jack-if-we-were-like-twitter-youd-have-been-blocked-or-shadow-banned-on-arrival/amp/?__twitter_impression=true

my point exactly. @Dr.Wol so say you are on a blockchain. i like the things you post. i send you money

whoops, now you are an investor

what you gonna do then?

@Dr.Wol ` you just gotta make sure resources back them`
dollar is backed by nothing.

sit on it i guess 😛 i don't need your moolah

Dollar is backed by the US economy

if the US economy goes bad, dollar loses value

imma send tim some crypto

tim gonna be like oh shit in 10 years

Tim will either be "Oh shit!" or "Oh... Shit..." 😄

either way he cant lose

just come back collect or just forget it exists if it fails

and private owned FED is printing that money and spending it where ever it wants.

its practically stealing from everyone

but my issue with bitcoin is that it has no tangible value other than what people give it,

Gold is a substance you can still use,
as with any resources, but bitgoin is purely based on the faith and free market, and i don't have that faith for it 😦

They can't do that Jasse

@Dr.Wol what value does youtube have ?

it has no tangagle value other than what you give it

so why do you use youtube it have no value?

I'm not sure, i don't know the collective value of the server assets and code input

same with bitcoin or steem or smoke whatever chain

you dont know the value of it's assets, servers, code, humans

Youtube isn't just a magical existance, it has servers running, buildings containing it, theres value with the code

Youtube isn't a currency

@Dr.Wol you dont have faith in bitcoin. but at same time you trust dollar that is based on faith and isint backed by anything.