>>30276
>>30283
money is merely what you put faith in….the ultimate mass psychosis.
So, if everyone wants to believe a series of 1 and 0 on a ledger of 1s and 0s spread across a ledger on multiple servers is money and they will exchange on it, so be it.
Power outages and internet blackouts will put a dampener on that…at some point.
Silver and gold still have faith, but not that much - I can't go turn in a 1/8 teaspoon of gold dust to buy my groceries, so that's out.
But, i'm pretty sure my greenbacks work and if anyone threatens them the world's greatest military is nearby to blow some fuckhead out of the water - and that I have faith in!
Want me to switch, give me portability and give me something to believe in that everyone else does as well.
Note, BTC follows the S&P 500.