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Board Beginners & Help
Re: Is bitcoin doomed to fail because of all the horders?
by
dscotese
on 16/03/2013, 21:18:58 UTC
Fiat currency has brainwashed you!
Ok, it brainwashed me too...  The simple question is:  What unit of account do you use when you put a monetary value on something?  Say an hour of your time doing something not-so-fun but at which you're good (like what you do to earn a living).  What's it worth?  Do you use a fiat currency for the answer?  Is it hard to use something else?  That is the effect of fiat currency brainwashing.

Don't feel bad.  I have a hard time using stuff other than dollars to value my time (and everything else), but I'm aware of the problem and always looking at ways to solve it.

The owner of voluntaryist.com turned me onto Erik Voorhees' blog, which helps a lot to show the value of bitcoin without ever insinuating or implying that fiat currency has any value.