MacedWindow@lemmy.world to Microblog Memes@lemmy.worldEnglish · 6 months agoGet your vote in now!!lemmy.worldimagemessage-square336fedilinkarrow-up11.67Karrow-down158
arrow-up11.62Karrow-down1imageGet your vote in now!!lemmy.worldMacedWindow@lemmy.world to Microblog Memes@lemmy.worldEnglish · 6 months agomessage-square336fedilink
minus-squarePhoenixz@lemmy.calinkfedilinkEnglisharrow-up3arrow-down1·6 months agoOf course, but in the end they both rely on a social contract. Bitcoin is worth x amount because that’s what people are willing to pay for it
minus-squareiopq@lemmy.worldlinkfedilinkEnglisharrow-up1·6 months agoOkay, but national currencies failed before because people would keep dollars and just convert at the time when they need to pay taxes Source: I still remember the Soviet ruble collapse and hyperinflation
minus-squareiopq@lemmy.worldlinkfedilinkEnglisharrow-up1·6 months agoIt lasted longer in some countries, the Russian ruble was introduced in 1993, in my country the soviet ruble lasted until 1992
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Of course, but in the end they both rely on a social contract. Bitcoin is worth x amount because that’s what people are willing to pay for it
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Okay, but national currencies failed before because people would keep dollars and just convert at the time when they need to pay taxes
Source: I still remember the Soviet ruble collapse and hyperinflation
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It lasted longer in some countries, the Russian ruble was introduced in 1993, in my country the soviet ruble lasted until 1992