Post
Topic
Board Economics
Re: Martin Armstrong Discussion
by
realr0ach
on 14/01/2018, 09:34:41 UTC
I'm surrounded by scamming baboons:

Just to add to the eternal 'what is money' debate:

Source: https://www.zerohedge.com/news/2018-01-11/henry-ford-dotcom-bitcoins

Complete bullshit definition.  It's just some Tyler on ZH talking his book.  He used the definition of CURRENCY as the definition of MONEY.  Dog shit can be used as currency.  Money has mandatory, required traits like fungibility.  That Tyler is a scammer.  He also ended his post with "but cryptos and blockchain are the future".  Just like how every mindless baboon scammer on this forum repeats the same cut and paste phrase "blockchain is the future", "ethereum is the future", "ripple is the future".

Bitcoin is a currency, not money.  That's why it's called "cryptocurrency", you apes.  Cryptocurrencies are designed to centralize, permissioned ledger, non-fungible, Rube Goldberg machine currencies.  They sure as fuck aren't money. As if something based on artificial scarcity could be money.  You do know scarcity is also a required trait of money, right?  And no, scarcity does not mean "artificial scarcity" where some Russian jackass named Vitalik instantly creates a billion scamcoins in his basement by snapping his fingers, and can do the same thing again 5 seconds later.  That does not qualify as scarcity.  Neither does bitcoin.  Artificial scarcity is not scarcity.

Silver and gold are money.  Bitcoin is a currency just like US dollars and airline miles.  Have you noticed the common denominator of currencies yet?  They're generally all based on artificial scarcity.