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God fearing agnostic @genx67.bsky.social

Try to imagine a world where people think differently to you.

aug 27, 2025, 10:22 am • 1 0

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nilay patel @reckless.bsky.social

Try to imagine a world in which bitcoin has a non-dollar value

aug 27, 2025, 2:08 pm • 1 0 • view
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God fearing agnostic @genx67.bsky.social

Its currently worth over a hundred thousand dollars. But please. Do keep believing whatever it is the TV tells you.

aug 27, 2025, 3:42 pm • 0 0 • view
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nilay patel @reckless.bsky.social

Right! You can only express its value in dollars. People only care about bitcoin because of dollars!

aug 27, 2025, 5:51 pm • 2 0 • view
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God fearing agnostic @genx67.bsky.social

Would you prefer Yen ? Euro ? Eth ? Kilowatt hours ?

aug 27, 2025, 6:38 pm • 0 0 • view
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nilay patel @reckless.bsky.social

Every single one of those things ultimately denominated in dollars!

aug 27, 2025, 9:58 pm • 1 0 • view
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God fearing agnostic @genx67.bsky.social

Do you understand how stupid that statement is ? Any unit of account can define any currency in terms of its unit. Gold can be priced in terms of dollars,yen,euros etc sterling can be denominated in rouble,riad,lira etc This isn't the gotcha you seem to think.

aug 28, 2025, 8:18 am • 0 0 • view
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nilay patel @reckless.bsky.social

Sure it is. People only care about bitcoin because it’s worth a lot of dollars!

aug 28, 2025, 11:26 am • 1 0 • view
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God fearing agnostic @genx67.bsky.social

Sigh. We are back to where we started. Ie your inability to understand that because YOU think that, naturally other people must. Not all do.

aug 28, 2025, 11:29 am • 0 0 • view
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nilay patel @reckless.bsky.social

Okay why did you immediately tell me how many dollars it’s worth

aug 28, 2025, 11:30 am • 1 0 • view
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God fearing agnostic @genx67.bsky.social

Because you said it had no dollar value. Patently untrue. It is also a great store of value. Is an excellent bearer asset. Has no counter party risk. Solves the double spend problem. Is a money network. Requires no intermediary and is non confiscatable. All uses unrelated to its dollar value.

aug 28, 2025, 3:55 pm • 0 0 • view