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<blockquote style="position: relative; padding-left: 55px;"><section><a href="https://mas.to/users/JorgeStolfi/statuses/111946473719324727">Jorge Stolfi (jorgestolfi@mas.to)'s status on Saturday, 24-Feb-2024 19:29:37 JST</a><a href="https://mas.to/@JorgeStolfi" title="jorgestolfi@mas.to"><img src="https://gnusocial.jp/avatar/88727-48-20240330171544.webp" width="48" height="48" alt="Jorge Stolfi" style="position: absolute; left: 0; top: 0;">Jorge Stolfi</a><div><a href="https://mastodon.social/@rvkennedy/111946416381916327" rel="in-reply-to">in reply to</a><ul><li><li><a href="https://gnusocial.jp/user/99551" title="funcrunch@me.dm">Pax Ahimsa Gethen</a></li><li><a href="https://gnusocial.jp/user/145358" title="immibis@social.immibis.com">immibis</a></li><li><a href="https://gnusocial.jp/user/207398" title="rvkennedy@mastodon.social">Roderick</a></li><li><a href="https://gnusocial.jp/user/231096" title="zockel@det.social">zockel</a></li><li><a href="https://gnusocial.jp/user/241767" title="kcoyle@mstdn.social">karen coyle</a></li><li><a href="https://gnusocial.jp/user/244875" title="ikaikahussey@mastodon.social">Ikaika Hussey</a></li></ul></div></section><article><p><a href="https://mastodon.social/@rvkennedy">@rvkennedy</a> <a href="https://det.social/@zockel">@zockel</a> <a href="https://mastodon.social/@ikaikahussey">@ikaikahussey</a> <a href="https://social.immibis.com/users/immibis">@immibis</a> <a href="https://mamot.fr/@pluralistic">@pluralistic</a> <a href="https://me.dm/@funcrunch">@funcrunch</a> <a href="https://mstdn.social/@kcoyle">@kcoyle</a> </p><p>No, no, no.  For starters, crypto is a fiat currency too.  </p><p>National currencies work as money because they have a central bank that stabilizes their value, AND have inflation of a few %/yr, AND other things.   </p><p>A cryptocurrency, by definition, cannot have a central bank; and  its buyers believe that its value will "eventually" go up! Up!! UP!!!.  And those are only two of the reasons why cryptos cannot be money.</p></article><footer><a rel="bookmark" href="https://gnusocial.jp/conversation/2722162#notice-5464258">In conversation</a><time datetime="2024-02-24T19:29:37+09:00" title="Saturday, 24-Feb-2024 19:29:37 JST">about 9 months ago</time> <span>from <span><a href="https://mas.to/@JorgeStolfi/111946473719324727" rel="external" title="Sent from mas.to via ActivityPub">mas.to</a></span></span><a href="https://mas.to/@JorgeStolfi/111946473719324727">permalink</a></footer></blockquote>

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Jorge Stolfi (jorgestolfi@mas.to)'s status on Saturday, 24-Feb-2024 19:29:37 JSTJorge Stolfi
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@rvkennedy @zockel @ikaikahussey @immibis @pluralistic @funcrunch @kcoyle
No, no, no. For starters, crypto is a fiat currency too.
National currencies work as money because they have a central bank that stabilizes their value, AND have inflation of a few %/yr, AND other things.
A cryptocurrency, by definition, cannot have a central bank; and its buyers believe that its value will "eventually" go up! Up!! UP!!!. And those are only two of the reasons why cryptos cannot be money.
In conversationabout 9 months ago from mas.topermalink

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