this post was submitted on 02 Jun 2024
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Microblog Memes

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A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.

Created as an evolution of White People Twitter and other tweet-capture subreddits.

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[–] [email protected] 4 points 5 months ago (2 children)

Well, one is about to take your job while the others will just make your life slightly easier.

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[–] [email protected] 3 points 5 months ago

Illegal hotel chain!!!

[–] [email protected] 3 points 5 months ago (2 children)

Thanks to illegal hotel chain I can stay in the big city while helping someone who is pressed on rising rents

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[–] [email protected] 3 points 5 months ago (9 children)

My brother in Christ, all money is fake. Even gold coins are 'fake' money, because all money is a social construct used to represent an abstraction of value added through labor.

[–] [email protected] 4 points 5 months ago (8 children)

all money is a social construct used to represent an abstraction of value added through labor.

That's the definition of money. It's not fake. It is an abstraction, but it's not fake, and we've built an intricate system of laws and regulations about it.

Bitcoin is fake money. It's not backed by any government or any real rules and regulations. It's the same as every other "tech" company. Take an existing thing, remove all regulations, pretend it's a new thing, and pocket the increased revenue.

[–] [email protected] 4 points 5 months ago (3 children)

Money existed before there was an intricate system of laws and regulations. Money existed before there were fiat currencies, backed by nothing except a gov't's promises. The fact that bitcoin doesn't have those doesn't make it any more real, or less real, than any other thing used as currency. It has value because people believe that it has value.

Gold is much the same way. Gold has an intrinsic value for making things that conduct electricity (particularly because it doesn't corrode), but all other values exist because it's both relatively rare, and people have decided that it's pretty.

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