Heh. Nice one! Turns out I’m about to be in-law related to a Crypto enthusiast. (father of my grandson’s fiancée). His primary characteristic (which his daughter inherited) seems to be enthusiasm! … but he’s also something of an iconoclast, so it’s easy to see why he loves crypto. I tried pointing out that actual factual money has two other aspects: It’s both government supported AND legal tender. He’s not buying my argument. And I do admit, he’s gotten quite a large bump in … it’s not quite “paper” profits. So far. Maybe he’ll get bored (see “enthusiast” above) in time to get out with a good real profit. One may hope.
ALL currency is this “solid and secure” held up by the shared belief that it has value, rather than anything intrinsic. This goes for gold, too. Yes gold is physical, yes it is limited (silly basis of a monetary system considering the huge amount of energy pouring into the earth every day creating new value), but what makes it valuable is the shared belief that it is valuable, rather than anything intrinsic.
ferddo almost 3 years ago
He’d like you to leave a bitcoin in his tip hat…
cmxx almost 3 years ago
Miss yesterday’s cartoon? Click the single left arrow.
TimBenzidrene almost 3 years ago
He’s miming bitcoin……?
Daeder almost 3 years ago
And he did a short stint as Dolt-45’s press secretary.
Concretionist almost 3 years ago
Heh. Nice one! Turns out I’m about to be in-law related to a Crypto enthusiast. (father of my grandson’s fiancée). His primary characteristic (which his daughter inherited) seems to be enthusiasm! … but he’s also something of an iconoclast, so it’s easy to see why he loves crypto. I tried pointing out that actual factual money has two other aspects: It’s both government supported AND legal tender. He’s not buying my argument. And I do admit, he’s gotten quite a large bump in … it’s not quite “paper” profits. So far. Maybe he’ll get bored (see “enthusiast” above) in time to get out with a good real profit. One may hope.
david_42 almost 3 years ago
I was in Venus Beach when a mime was trashing store displays for laughs. One store owner cold-cocked him and the crowd cheered.
grumpypophobart almost 3 years ago
“In his day job……cryptocurrency”? Then what is the hat for?
KenseidenXL almost 3 years ago
ALL national currencies are fiat. Nothing supports them beyond “the good FAITH and credit” of their governments….
Kilrwat Premium Member almost 3 years ago
ALL currency is this “solid and secure” held up by the shared belief that it has value, rather than anything intrinsic. This goes for gold, too. Yes gold is physical, yes it is limited (silly basis of a monetary system considering the huge amount of energy pouring into the earth every day creating new value), but what makes it valuable is the shared belief that it is valuable, rather than anything intrinsic.
phenoanderson almost 3 years ago
Unlike fiat currency?