[knorker]

> lol what? Is US dollar moral?

What exactly is your argument?

> Is it not also "smoke-and-mirrors" by your definition since it's just paper that we all believe has value?

USD is backed by the mostly aligned incentives of the whole world in general, and the biggest company in the world in particular, and by the largest military might and nuclear arsenal, ultimately.

USD is paper and bits we believe has value. BTC is bits that most people believe doesn't have value. And that everyone knows will never displace USD because (see above) won't allow it.

[eric_cc]

> USD is paper and bits we believe has value.

Speak for yourself.

> BTC is bits that most people believe doesn't have value.

This is changing rapidly, is it not?

[knorker]

>> USD is paper and bits we believe has value.

> Speak for yourself.

Raaa-haaaight. Next time you don't believe USD has value you'll skip picking up that $100 bill on the street. When you get robbed you'll laugh and give the robber your worthless USD and say "good luck using this for anything!".

>> BTC is bits that most people believe doesn't have value.

> This is changing rapidly, is it not?

I wouldn't say so, no.

[mvolfik]

I'm not a crypto supporter, but I'd say that he is right there. If _you_ found private key to a wallet with 1 BTC somewhere, would you leave it be? Even if you can't buy a coffee with it, the exchangability for USD is real.

[knorker]

Ok, fair. But I prefer a value backed by the whole world and the biggest military in the world.

[cies]

So kicking puppies hypothetically in case of crypto is replaced by actual military deployment to every nation thats a thread to the petro-dollar.

And then you are fine with it.

Good luck with the ignorance.

[knorker]

whoosh!