1497
We live in the future!
(thelemmy.club)
cross-posted from: https://lemmy.world/post/9525207
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this post was submitted on 18 Jun 2026
1497 points (98.0% liked)
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The fake money for criminals is the best because there's a lot of people that aren't criminals that have bought in on it and among those the concensus is "I think a bunch of IT neck beards can build a better financial system better than the one that evolved over centuries".
The delusion is laughable.
Honestly I think pretty much anyone could build a better financial system, and more people should try. What we have now is the result of centuries of unchecked power. This monetary policy was created by Richard Nixon and then we adopted a Keynesian rationale post facto. It didn't evolve, it was stolen.
If you've got another idea (including moneyless systems) I'm down to try that too, but what we've got right now is pure garbage, and having no out before the modern era doesn't imply that it's good.
The modern banking system and monetary policy was created under FDR. Nixon just stoped pretending it was backed on gold and told de Gaulle to kick rocks when he asked for the gold back.
Realistically the changes under Nixon are peanuts compared to the digitization of it all since the introduction of systems like Swift.
You say that like Nixon wasn't unilaterally breaking the Bretton Woods Agreement. No offense, but are you an American?
https://en.wikipedia.org/wiki/Nixon_shock
Yes I am an American and I know what he did, but I also know that the Breton woods agreement was only a small part of the financial system, and that realistically, the economic downturn of the 70s was far more heavily impacted by several oil shocks and the hangover from massive spending on Vietnam.
Is a currency really that much better if it's less stable than balancing two pyramids on their respective tips?
Bitcoin is the youngest currency around and u like all of the other currencies it isn’t mandated or controlled by governments. If inventions have to be 100% perfect out of the gate then you’ll never get anything new.
No it's not, it's the oldest (and as such, the worst in almost every way) crypto.
Edit: in case you are like one of the commenters here and struggle with reading comprehension, I did not just say that bitcoin is older than USD. Try reading it slower maybe? If the parentheses is throwing you off, try taking it out completely and reading the sentence without it.
I believe in you.
Right, Bitcoin is older than gold, or the US dollar, or the British pound, France’s franc….
Uh maybe try reading my comment again?
Why? It doesn’t say anything different this time around.
Ok then I don't know what to tell you.
Is your brain just skipping the last word because it comes after a parenthesis?
Hint: I said it's the oldest and worst crypto.
Unless I've missed some huge news, none of the things you snarkily listed are cryptos.
You have to understand that I'm trying very hard to not be an asshole right now lol. Just read the entire goddamn comment
How about you reread my preceding comment dickbag and then fuckoff.
Well that was uncalled for.
What's with the misplaced impotent rage? The fuck did I do?
Really? Telling me what to do while claiming you are really trying so hard to not be an asshole? Go away.
Yeah dude, really.
Yeah you're right, not sure why I was trying to be nice.
Learn how to fucking read, loser. I literally wrote a simple, single sentence comment, and you couldn't comprehend it. Instead of trying to read it again, you decided to be an absolute prick.
I tried to be nice and suggested to try reading the sentence again as it's all there, but you chose to angrily lash out instead. And now that I've called it out, you want me to go away. After you came at me first.
That's loser behavior. Do better.
Blocked.
Oh no.
Clearly you are unable to read or think yourself. I don’t care what your opinion is.
Says the person who literally could not read a single sentence comment then got irrationally angry at the wrong person about it.
I clearly can't read or think for myself because (checks notes) someone on the internet missed the last word of the sentence I wrote?
Make it make sense!
Or just cry about it, plug your ears, and run away so you never have to admit you were wrong about something or simply misread a comment. Something everyone has done before.
It's weird fucking behavior, dude.
I think it had it's time to cooldown from the extrme speculative volatility. It has lost it's coolness factor in the mainstream after NFT and AI took over.
Still as volative as ever.
You can't tell me a 11% drop in value can be considered a valid alternative.
You can’t be serious. Bitcoin is less than 20 years old and for most of that time almost everyone thought it was a joke. Most still do. Your timeframe for stabilization is disconnected from reality.
I think it's very true, but cryptocurrency is not the way to go