ST Alpha - "Well, all money is fake. Just look how the fed prints trillions all the time. Bitcoin is hardly a scheme as there are real world solutions currently" (Reading a Post)

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In response to "because it's fake money made with real damage to the environment. it's garbage and just another scheme to funnel money out of bad investors. -- nm" by chicken daddy

Well, all money is fake. Just look how the fed prints trillions all the time. Bitcoin is hardly a scheme as there are real world solutions currently

Posted by oblique (aka kkuphal) Aug 3 '21, 13:12

being utilized (see: El Salvador and remittance fees). Energy can be argued although in comparison to the world financial systems, I'd venture to guess Bitcoin (the network) comes out ahead if you replaced one with the other and with a stronger case that it could be entirely renewable far easier.

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Not “all the time”, only when it is needed to keep the money supply moving. -- (edited) - znufrii Aug 3, 13:21 2
- It's a long read and for sure you are correct that it is a complex subject but also anyone who thinks that just printing more money is sustainable -- (link) - oblique Aug 3, 13:31 1
  - Ok, my first issue is with the headline. :) -- (edited) - znufrii Aug 3, 13:36
sure, but some is more of a scam than others. -- nm - chicken daddy Aug 3, 13:15 1
- outside of bitcoin and Ethereum, nearly all of crypto is a scam. The later has different issues which may break it especially as it moves to PoS -- nm* - oblique Aug 3, 13:17

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Well, all money is fake. Just look how the fed prints trillions all the time. Bitcoin is hardly a scheme as there are real world solutions currently

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