Damus

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joe profile picture
all i'm saying is you're not getting my coconut.
what do i care for your bitcoin or your dollars. we're stuck here. it's my coconut.
joe profile picture
we're both stranded on the same desert island, never ever getting off.
you have 100k dollars and 1 bitcoin.
i have a coconut.
i think you'll be eyeing my coconut.
joe profile picture
it's not a story about a thing.
it's that the thing itself is a story.
you're mixing up a with b.
joe profile picture
okay fair enough.
what I'm saying is that a lot of people here on nostr seem to assume that bitcoin is different than other money, transcendent if you will.
behind this is some notion that bitcoin has objective properties that make it so, properties that exist in some non-imaginary sense.
i'm just saying that's silly, that all money has value only become some humans managed to persuade some other humans that it has value. with stories. that's how it works.
what's a dollar but a piece of paper?
what's a bitcoin but a few bytes on a harddrive?
when fewer humans agree that such and such money has value then such and such money goes down.
for bitcoin to go up, it's story has to do better in the story wars than the story of some other money.
that's it really. stories versus stories.
joe profile picture
Let me lay it out for your Neanderthal IQ.
It's 10 years ago today.
Me, you and Mikey Mouse each have 100 Bitcoin.
You keep yours.
I sell mine and buy Nvida stock.
Mickey sells his and bus Eth.
This morning I sell my Nvidia and buy Bitcoin. Mickey sells his Eth and buys Bitcoin.
Guess what? We both now have more Bitcoin than you. Amazing. What happened?
joe profile picture
It's al still stories, quantum is just a plot-twist.

The value of bitcoin is all a story in our heads, and the threat from quantum, that's a threat to the integrity of the story. This is story on story violence. Which is how all money goes up and down.

Think about it. Anyone could come up with anything and propose it as a money. As long as we all agree it has value because x then it has value, and if we all agree that it loses value because y then it loses value. I could come up with a currency that has one coin for every letter in the alphabet, and we all agree it has value because it's derived from the alphabet, it's the holy 26. Then the government mandates a change to the chinese alphabet and it collapses. oops.
joe profile picture
Lol "pick a date", no. You said 10, I gave you 10, and now you don't like it because you learned that Nvidia and Eth did better over the past 10 years.

Also, news flash, 10 years is the least random measure you can think of. If it was 7.32 years or something the that'd be cherry picking.

@nevent1qvz...
joe profile picture
News flash, money doesn't exist outside of the human imagination.
If we're stranded on a desert island and we each have 100 bitocin, we may as well each have 0 bitcoin.
We can't eat it, we can't use it for shelter, we can't make a fishing line of out it.
It has no physical properties.
It's nothing.
It's just a story in our heads.
joe profile picture
Literally the only point you've brought to this conversation is that inflation exists. Which of course it does.
What other things would you like to inform us all that exist?
Pumpkins?