• HumanOnEarth@lemmy.ca
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    7 hours ago

    Fiat currency is immaterial. So much so that it can literally be created out of thin air.

        • QuoVadisHomines@sh.itjust.works
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          6 hours ago

          I know what fiat currency is. You seem not to which considering your lack of understanding of what “immaterial” means is unsurprising.

          • HumanOnEarth@lemmy.ca
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            6 hours ago

            Uhhhh ok if you want to be pedantic, crypto is not immaterial as it exists as matter (the hardware holding the blockchain).

            I guess I was under the impression you were using it to mean “without physical value” even though that’s not the definition. I figured you couldn’t possibly be trying to argue that there is no physical matter involved in Bitcoin…

            • QuoVadisHomines@sh.itjust.works
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              6 hours ago

              “Uhhhh ok if you want to be pedantic, crypto is not immaterial as it exists as matter (the hardware holding the blockchain)”

              That still does not make it material. Your coins are not physical objects. They are numerical strings.

              Immaterial means either of no consequence OR not physical. IF my pension plan holds gold someone holds that physical material. There is no physical version of your coins. This is why. yall have to default to “code is law” because there is no physical asset to hold.

              Again your ignorance of common words is something you should work on.

              • HumanOnEarth@lemmy.ca
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                6 hours ago

                OOHHHHHHH there’s no physical Bitcoins, THAT’S why it’s a scam!

                Shit, I wish I had figured this out before. Thank God you came along to open my eyes 🤣🤣🤣

                All this time I thought Bitcoin Inc had my real bitcoins safely in storage. How could I be so fucking stupid?

                I won’t be replying as I’m now going to jump off a bridge given how badly I’ve been intellectually bested. I simply cannot go on any longer now that the truth behind Bitcoin has been revealed to me.