Yo why are yall so f***ing hostile
You create some insane narrative in your head and just brush everyone who doesnt agree w/ you with it entirely
Bro you learn about fiat in highschool, its not some groundbreaking term
Then why are you using it like it holds any damn sense in explaining why cryptos should be deemed acceptable (because as you wanted to surely explain it cryptos hold no real value just like fiat money and only stand on the value we accept collectively to pin on it).
But you were obviously going to hide behind curtains the structure that allows fiat money to be a reliable vessel when cryptos don't rely on any structure that could really guarantee its value. Fiat money isn't fiat because of a collective acceptation of its imaginary value but rather an aggregation of factors that lead us to it.
So when that guy was telling you that Bitcoin is indeed an empty money as it stands don't throw at him the word "fiat" like the two situations are indeed comparable
we not f***ing with this at all but come on
im not serious
ayo I don‘t fw Jack‘s music but just imagine being a nerdy white boy from Kentucky and a few years later you work with Kanye, Drake & Jay-Z s*** is crazy
Crazy how life can change
I’ll take an Italian sub w curly fries, 2 grams of weed and a cold sprite over dinner with Jay z
Then why are you using it like it holds any damn sense in explaining why cryptos should be deemed acceptable (because as you wanted to surely explain it cryptos hold no real value just like fiat money and only stand on the value we accept collectively to pin on it).
But you were obviously going to hide behind curtains the structure that allows fiat money to be a reliable vessel when cryptos don't rely on any structure that could really guarantee its value. Fiat money isn't fiat because of a collective acceptation of its imaginary value but rather an aggregation of factors that lead us to it.
So when that guy was telling you that Bitcoin is indeed an empty money as it stands don't throw at him the word "fiat" like the two situations are indeed comparable
I never once said crypto should be deemed "acceptable". If you don't deem it acceptable im not here to change your opinion. My opinion is that i love what Hov is doing for his community and I dont see anything wrong about kids learning about traditional and digital forms of currency The only vessel that backs the USD for example is how strong our army is. Go read a book bro
I never once said crypto should be deemed "acceptable". If you don't deem it acceptable im not here to change your opinion. My opinion is that i love what Hov is doing for his community and I dont see anything wrong about kids learning about traditional and digital forms of currency The only vessel that backs the USD for example is how strong our army is. Go read a book bro
Lmaaooo that last sentence is wild. And the "go read a book bro" is the icing on the cake
But you see you're actually dumb as s*** 'cause even while sputtering nonsense you said that the USD is backed (by the army whatever this means ) while I'm still looking to know by what BTC is backed.
So you indeed threw the word fiat at PimpH thinking you could bamboozle him into thinking that you were smart
I love how Hov is helping out his community by pressuring vulnerable young people to buy an extremely volatile asset
Lmaaooo that last sentence is wild. And the "go read a book bro" is the icing on the cake
But you see you're actually dumb as s*** 'cause even while sputtering nonsense you said that the USD is backed (by the army whatever this means ) while I'm still looking to know by what BTC is backed.
So you indeed threw the word fiat at PimpH thinking you could bamboozle him into thinking that you were smart
ironic you say im dumb as s*** while thinking that im bamboozling someone by using a word we learn when were teenagers. The irony is insane
ironic you say im dumb as s*** while thinking that im bamboozling someone by using a word we learn when were teenagers. The irony is insane
"the primary function when it comes to understanding bitcoin is understanding fiat"
what would he need to understand then since we both agree that it's an easy (and useless in this case) concept and why would you assume he didn't know what the word means ?
I love how Hov is helping out his community by pressuring vulnerable young people to buy an extremely volatile asset
Yeah…… word
Honestly, learning bout crypto does nothing. It’s all volatile and all has the chance to go to 0
Best advice is put a small chunk in stocks/crypto every check and never sell and diversify like a mf
I’m now Jay Z
Imagine your entire financial life being at the whim of what new coin 4chan and Reddit decide to gas up
/biz/ runs the streets lol
ayo I don‘t fw Jack‘s music but just imagine being a nerdy white boy from Kentucky and a few years later you work with Kanye, Drake & Jay-Z s*** is crazy
I regularly think about this
Not specifically Jack tho
Ever since he announced this s*** BTC managed to lose 16% of its value
Losing half your life savings to own the central banks