My son has been asking a lot of questions this Christmas season, and I'm worried it might be the last year he believes that Bitcoin is real.

@elizasoul

My son say he believes, but "just for one more year."

@elizasoul thoughts and prayers 😐
@elizasoul They grow up so quickly. πŸ™ƒ
@elizasoul Please tell him don't lose faith. Ethereum is much improved 😎
@__icoder__ @elizasoul
Proof Of Thoughts versus Proof Of Prayers.
@elizasoul lol Tell him about Santa instead πŸ˜†
@elizasoul I LOLed out loud at that
@elizasoul It is indeed heartbreaking to watch them grow up so fast.
@elizasoul No less real, or fictious than the U.S. dollar, or Euro. Although undoubtedly still less violent.
@halcek @elizasoul Tell us which countries demand payment of taxes in Bitcoin.
@halcek @elizasoul One country. 90% of whose citizens say they don't understand it, two thirds of whom are opposed to it, and whose govt has lost tens of millions of dollars as result. A fiasco from the start.
@samueljohnson @elizasoul You are deflecting. Bitcoin is nevertheless no more not backed by any really valuable commodity than like the U.S. dollar isn’t. It’s value is in a group of people accepting it as a means of exchange. Exactly the same as the dollar. Only more peaceful.
@halcek @elizasoul Not deflecting in the slightest. Facts. Bitcoin is the preferred tool of criminals engaged in ransomware and other kinds of transnational crime, and if you think violence and deaths don't result you're either naive or, as is often the case with advocates, have a conflict of interest.
@samueljohnson @elizasoul You are right. As is the dollar, or euro, only more so. Please read what I wrote.

@halcek @elizasoul Nope, Bitcoin is not comparable to those currencies. They are the currencies of democracies whose populations accept them and whose banks and foreign exchange brokers are subject to govt regulation.

Shadow finance is fine if you're a criminal or libertarian nutcase, for the rest of us not so much

https://twitter.com/doctorow/status/1498910326837760001?t=xxz8DWG1eafJOYm_g4Clvg&s=09

https://twitter.com/doctorow/status/1493288001107021826?t=n8CDhwkf8byJJua8uRDXuA&s=19

https://nymag.com/intelligencer/2022/07/move-to-earn-the-last-fad-of-the-crypto-bubble.html

https://www.schneier.com/blog/archives/2022/06/on-the-dangers-of-cryptocurrencies-and-the-uselessness-of-blockchain.html

Cory Doctorow (@[email protected]) on Twitter

β€œ14 year ago, the world's financial system came to the brink of collapse. Central banks scrambled to react. Businesses shuttered. People lost their homes. Many governments fell. Faith in our institutions shattered. The Occupy movement was launched. So was Bitcoin. 1/”

Twitter
@elizasoul As long as he believes that FIATs are real, this is ok ;)
@elizasoul Just tell him to learn to hodl.
@elizasoul "Yes, Virginia, there *is* Bitcoin, as certainly as the spirit of Ponzi Schemes lives in our hearts."
@elizasoul well Bitcoin is real. It's just not worth bothering about. Tell your son I said hi.

@elizasoul @patrick_h_lauke the shopping centre in my city has started charging people to let their kids sit on Bitcoin’s lap.

The injustice! Poor people deserve the opportunity to throw their money away as much as the rest of us.

@elizasoul love this joke! & in some spheres it'd slap even harder subbing "fiat currency" or "the US Dollar" for "Bitcoin".

if I remixed it thusly, including off-Masto-nets, would a HT to "@elizasoul@ home.social" be appreciated or unwanted?

@elizasoul Yes Virginia, there is a Crypto Claus.
@elizasoul if he’s naughty, the Winkelvoss twins will come down your chimney and play a set
@smozi @elizasoul remind him, bacon is real. smoked bacon is unreal.
@elizasoul ... soothe him with a psalm from the Book of Pinocchio ...
@elizasoul But does he still believe in the Burger King?
@elizasoul @woozle Bitcoin serves a valuable role in our society, removing excess money from people who aren’t interested in cocaine or are too lazy to open a restaurant.
@aethervision @elizasoul The engines of our great nation's upward financial extraction capability must be properly maintained and fully operational at all times, lest the underclasses gain sufficient independence to object. πŸ‡ΊπŸ‡Έ πŸŽ†
@woozle @elizasoul That wealth ain’t gonna transfer itself.
@aethervision @elizasoul The lesser classes don't truly appreciate how much work it takes to properly exploit their labor. 🧐
@elizasoul 🀣🀣🀣