Mastodawn

volkris Feb 15, 2023

You get into this sort of gaslighting situation where people who actually in their real lives use Bitcoin as currency are being told that they don’t do the thing that they absolutely do.

And that’s why those arguments don’t really carry much water. People know for a fact based on their own personal experiences that the argument is false.

Yes, Bitcoin is a currency. It is an investment. How do I know? Because I know a bunch of people who personally use it as a currency and as an investment!

It’s like claiming water doesn’t run downhill as I am watching some water run downhill.

@volkris if you think, bitcoin is a currency, you don’t know what currency is. If you think that bitcoin and crypto are investments, you don’t know the difference between an investment and gambling Look up the “Theory of Greater Fools. “ I refer you to “BitCon - The Naked Truth About Bitcoin.” you’ll find it on Amazon is an e-book and it debunks every single thing you think about this crap.

How would you define currency?

@volkris Not me, these definitions are established by economists. I’ll post the section from BitCon that goes into this tomorrow on my Substack and let you know where to find it.

The thing is, I’m talking to you, so I want to know how you define it. Even if you are adopting some standard definition, that’s fine, but I want to know what you mean by the term so I can talk to you about it.

@volkris I define it the way the economists do and will send it to you tomorrow.

https://writingfactory.substack.com/p/bitcoin-is-not-a-currency-its-a-woebegone

@volkris As promised. You can believe it or not, I really don't care. And this is my final word on the subject. Good luck.

BITCOIN IS NOT A CURRENCY, IT’S A WOEBEGONE DELUSION

c) Jeffrey Robinson 2014, 2023 As Excerpted From BitCon–The Naked Truth About Bitcoin ---------------------------------------------------------------------- A man who owns a cow needs some lumber. If he cannot find someone with lumber who needs a cow – which is called the “coincidence of wants” – then he’s not going to get his lumber. Unless he can give his cow to someone who will, in turn, give him something that the man with lumber will accept.

Jeffrey Robinson's Writing Factory

So exactly, you say to be a currency it must be a medium of exchange that people accept, and a lot of us have experienced exactly that, trading Bitcoin for goods and services because people accept it.

This is why I mention that the argument has something of a gaslighting feel, as it makes claims that are contradicted by our own experiences.

Many people actually do buy things with Bitcoin. Many do accept Bitcoin as payment for their goods and services. So as for your definition, that sounds like a currency to me.

@volkris Take it or leave it. I don't care. The facts are the facts and I've got nothing else to say. Good luck.

@WritingFactory Indeed! The facts are the facts, and you are here saying things that so many of us know to be factually wrong.

It’s funny how you don’t seem to mind that.

I don’t know why you would be so interested in insisting that #Bitcoin isn’t a currency, to the point where you would reject objective reality to get to that conclusion, but it seems pretty backwards to me.

Economics is Science Feb 16, 2023

@WritingFactory Oh, leave us alone. Pick on Baseball Card and stamp collectors instead.

@twiii A scam 9 years ago is still a scam today. And while the price is meaningless, it has crashed 60% in the past year. The value, which is different from price, was then and still is, zero. At least baseball cards and postage stamps, like tulips, are pretty. Bitcoin is just crap.