@MacedWindow to Microblog MemesEnglish • 6 months agoGet your vote in now!!imagemessage-square339arrow-up11.71Karrow-down164
arrow-up11.64Karrow-down1imageGet your vote in now!!@MacedWindow to Microblog MemesEnglish • 6 months agomessage-square339
minus-squarePhoenixzlinkfedilinkEnglish2•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-square@iopqlinkEnglish1•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-square@iopqlinkEnglish1•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