- Oct 17, 2014
- 4,219 (2.11/day)
I guess I don't understand then, because I am only responding to bottom part of your argument where you say the dollar is less real. I disagree, if I fail to pay my student loans I will be taken to court and my wages garnished, if I don't show up to court the cops will find me, if I want to buy a house someday I need to qualify for loans, etc. The IRS has a tight lid on everything and they actually do catch a lot of people if not the majority of people who cheat on their taxes. The dollar has value because of all of this, there is a reward and punishment system that is enforced, and for the most part it does work. With Crypto that would never exist, even if it did it would be in the form of bounty hunters, and that is pure lawlessness and setting us back centuries on human protections, like debtors jail, etc. The dollar is real and does have value, because it is controlled, and even hedge fund billionaires don't get away with everything, they get away with a lot more than the common man, but so far the system does work, even if we do hate those scumbags on wall street in 2008 who destroyed everything and walked away scott free, its much like the argument for Democracy - when obama said its the best we have, but its not perfect as a system of government, any other option really leads to instability. this gives the dollar value, albeit if Congress doesn't control spending and soon, it could all collapse and Bitcoin and lawlessness could be the future, heck if I know. I used to care, but I don't anymore, I been mountain biking almost daily here lately, taking on healthier hobbies is the best way to go in life is my advice to everyone, the noise of the world will never change, but the value of the dollar is there for now.I don't have any riches to care about, but you quoted my point and butchered it is all I'm saying.
Crypto isn't my game at all. Can't afford it.
i wasn't responding to your top part of the quote, only the comment on the dollar not having any value. it does have value because of the rule of law.