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submitted 5 months ago by throws_lemy@lemmy.nz to c/world@lemmy.world
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[-] QuoVadisHomines@sh.itjust.works 1 points 5 months ago

I have gold and can transport it. We traded gold before we had an international banking structure. We don’t need electricity or the internet for the trade in gold.

Crypto has no utility. It cannot be transported as it isn’t a physical asset. It cannot be used for any other purpose eg you can’t make a hat out of BTC or ETH. Gold and crypto are not the same when it comes to their usability as a currency.

[-] HumanOnEarth@lemmy.ca -1 points 5 months ago

No they're not the same, you're correct. You're totally incorrect that it has no utility. You honestly just don't understand how it actually works. I really, strongly suggest understanding

[-] QuoVadisHomines@sh.itjust.works 1 points 5 months ago

I have spent 15 years following crypto. I promise you that I know how it works. The fact is the fanboys are the ones who are mistaken as so much of that scene is built by people who either know fuckall about currency policy or are scammers.

[-] HumanOnEarth@lemmy.ca -1 points 5 months ago
[-] QuoVadisHomines@sh.itjust.works 1 points 5 months ago* (last edited 5 months ago)

Lol sorry buddy but that's true. Followed crypto for 15 years and the space is filled with guys who never took an economics course

[-] HumanOnEarth@lemmy.ca -1 points 5 months ago

To be fair, you're not wrong about your point. But in this case it's a matter of being correct despite themselves.

And again, crypto is not equal to Bitcoin. Bitcoin is crypto, but only Bitcoin is Bitcoin. Maybe I'll be wrong, guess we will see

[-] HumanOnEarth@lemmy.ca -1 points 5 months ago

Just to hold you accountable, kindly give me a brief explanation of how bitcoin works. If you know how it works, you should be able to explain it, and if you use Google to explain it for you, you'll defeat your own argument. So please, try if you don't mind?

[-] QuoVadisHomines@sh.itjust.works 1 points 5 months ago

Why would you have the right to hold me accountable? And hold me accountable for what?

[-] HumanOnEarth@lemmy.ca -1 points 5 months ago

I've created 16 blockchains and I'm one of Bitcoin's core developers. Just trust me.

That's what you're doing

this post was submitted on 20 Oct 2025
41 points (91.8% liked)

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