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FarkEnglish · 25 days ago

Bitcoin is an asset with no cash flows, no obligation, no compulsory use, and no anchor outside belief. Further, it is the currency of crime, and tomorrow's computers will easily crack its security

theintellectualistofficial.substack.com

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Bitcoin is an asset with no cash flows, no obligation, no compulsory use, and no anchor outside belief. Further, it is the currency of crime, and tomorrow's computers will easily crack its security

theintellectualistofficial.substack.com

rssMB to

FarkEnglish · 25 days ago

2

Bitcoin and Its Problem of Value

theintellectualistofficial.substack.com

Why even the most speculative financial instruments are anchored to something real—and Bitcoin isn’t.

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I_Has_A_Hat@lemmy.world
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25 days ago
Quick, without looking into the article, is this a statement from 2013, 2017, 2020, 2022, or 2026? 😂
- FartMaster69@lemmy.dbzer0.com
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  25 days ago
  Well, what was true continues to be true.