• SorteKanin@feddit.dk
    link
    fedilink
    arrow-up
    7
    ·
    4 days ago

    Money is a social phenomenon

    Perfectly explains why NFTs don’t work. Nobody believes in the value of some bits on a blockchain, so it has no value.

    • _stranger_@lemmy.world
      link
      fedilink
      arrow-up
      2
      ·
      4 days ago

      Well some people do. And when some people believe a thing against all reason, we call that a cult. If they get big enough it’s a religion. I worry about the future of the techno priesthood.

    • HugeNerd@lemmy.ca
      link
      fedilink
      arrow-up
      1
      ·
      3 days ago

      Odd, there’s a significant part of the world population that doesn’t believe the Canadian paper money I have has any value and will demand payment in their local paper. Does Canadian money have value?

      • CXORA@aussie.zone
        link
        fedilink
        English
        arrow-up
        3
        ·
        3 days ago

        You’ll find this question already answered in the comment you replied to.