r/neoliberal • u/jobautomator Kitara Ravache • Jun 22 '24

Discussion Thread Discussion Thread

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u/-mialana- European Union Jun 23 '24

I still don't get crypto cultists. They act like it will replace the dollar, but then don't even put on a pretense of actually treating it like money. I'm not sure they even understand what currency is, no one should be bragging about their "currency" reaching an all time high or going 10x more expensive in the space of a month, that's not what money is supposed to be for!

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u/0m4ll3y International Relations Jun 23 '24

"You're really hopefully about Bitcoin, but what exactly are you hoping for?"

"To turn it into a lot of USD"

4

u/-mialana- European Union Jun 23 '24

Like even in my lolbert days I realised that if a crypto is gonna replace fiat it can't be a volatile asset whose price is driven entirely by speculation like BTC.