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by fullstop 397 days ago
You can't send baseball cards instantly across the world and you have no guarantee of their authenticity.
1 comments
lern_too_spel 397 days ago
You can sell ownership across the world instantly, and you can use a centralized authority for authenticity and grading. Done. All for less cost than crypto and without enabling DPRK to steal your card with no recourse.

This is exactly what happened with gold, and then people realized that basing money on gold was stupid, so now we have the system we have today. Cryptofools are two financial revolutions behind modernity.

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fullstop 397 days ago
I hear what you are saying and you're putting an awful lot of trust in that centralized authority.

We used to back our money with precious metals, but no longer do so. The dollar is now backed by aircraft carriers, jets, and military might.

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lern_too_spel 397 days ago
> you're putting an awful lot of trust in that centralized authority.

No, I'm putting my trust in the rule of law.

> The dollar is now backed by aircraft carriers, jets, and military might.

It is mainly backed by trust in government monetary policy. Otherwise, what is the GBP backed by? The Royal Navy isn't what it used to be.

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