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Is this 'Bitcoin' the real deal?
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<blockquote data-quote="How bad boy" data-source="post: 7397082" data-attributes="member: 3028"><p>Crypto bros would tell you the same is true of FIAT money. Which is kinda true, stuff is only ever worth what people think it is worth. If everyone buys into that concept then yep, it's worth something, even if objectively that appears to be nonsense.</p><p></p><p></p><p>There's an island in Micronesia where massive stones are currency.</p><p></p><p></p><p>[URL unfurl="true"]https://www.bbc.com/travel/article/20180502-the-tiny-island-with-human-sized-money[/URL]</p><p></p><p>This is literally this village's bank:</p><p><img src="https://ychef.files.bbci.co.uk/1600x900/p065tf02.webp" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p><p></p><p></p><p></p><p>Money is very, very weird stuff and it gets weirder the more you think about it.</p><p></p><p>I stand by my earlier assessment of this</p><p></p><p></p><p>Think bitcoin value spikes are going to be an ongoing thing, because fundamentally it's not going away and every once in a while, there'll be a bit of a rush, loads of folk pile in, those who bought before the rush sell out, value collapses again, rinse repeat.</p></blockquote><p></p>
[QUOTE="How bad boy, post: 7397082, member: 3028"] Crypto bros would tell you the same is true of FIAT money. Which is kinda true, stuff is only ever worth what people think it is worth. If everyone buys into that concept then yep, it's worth something, even if objectively that appears to be nonsense. There's an island in Micronesia where massive stones are currency. [URL unfurl="true"]https://www.bbc.com/travel/article/20180502-the-tiny-island-with-human-sized-money[/URL] This is literally this village's bank: [IMG]https://ychef.files.bbci.co.uk/1600x900/p065tf02.webp[/IMG] Money is very, very weird stuff and it gets weirder the more you think about it. I stand by my earlier assessment of this Think bitcoin value spikes are going to be an ongoing thing, because fundamentally it's not going away and every once in a while, there'll be a bit of a rush, loads of folk pile in, those who bought before the rush sell out, value collapses again, rinse repeat. [/QUOTE]
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Is this 'Bitcoin' the real deal?
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