MacedWindow@lemmy.world to Microblog Memes@lemmy.worldEnglish · 5 months agoGet your vote in now!!lemmy.worldimagemessage-square268fedilinkarrow-up11.51Karrow-down159
arrow-up11.45Karrow-down1imageGet your vote in now!!lemmy.worldMacedWindow@lemmy.world to Microblog Memes@lemmy.worldEnglish · 5 months agomessage-square268fedilink
minus-squaressj2marx@lemmy.mllinkfedilinkEnglisharrow-up5arrow-down1·edit-24 months agodeleted by creator
minus-squarePhoenixz@lemmy.calinkfedilinkEnglisharrow-up3arrow-down1·5 months agoOf course, but in the end they both rely on a social contract. Bitcoin is worth x amount because that’s what people are willing to pay for it
minus-squareiopq@lemmy.worldlinkfedilinkEnglisharrow-up1·5 months agoOkay, but national currencies failed before because people would keep dollars and just convert at the time when they need to pay taxes Source: I still remember the Soviet ruble collapse and hyperinflation
minus-squareiopq@lemmy.worldlinkfedilinkEnglisharrow-up1·5 months agoIt lasted longer in some countries, the Russian ruble was introduced in 1993, in my country the soviet ruble lasted until 1992
deleted by creator
Of course, but in the end they both rely on a social contract. Bitcoin is worth x amount because that’s what people are willing to pay for it
deleted by creator
Okay, but national currencies failed before because people would keep dollars and just convert at the time when they need to pay taxes
Source: I still remember the Soviet ruble collapse and hyperinflation
deleted by creator
It lasted longer in some countries, the Russian ruble was introduced in 1993, in my country the soviet ruble lasted until 1992