@MacedWindow@lemmy.world to Microblog Memes@lemmy.worldEnglish • 1 year agoGet your vote in now!!lemmy.worldimagemessage-square255fedilinkarrow-up11.44Karrow-down161
arrow-up11.38Karrow-down1imageGet your vote in now!!lemmy.world@MacedWindow@lemmy.world to Microblog Memes@lemmy.worldEnglish • 1 year agomessage-square255fedilink
minus-squarePhoenixzlinkfedilinkEnglish2•1 year 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@iopq@lemmy.worldlinkfedilinkEnglish1•1 year 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@iopq@lemmy.worldlinkfedilinkEnglish1•1 year 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