Replying to Avatar MichaelJ

Admittedly I was trying to sound smart a little. But also I've come to be familiar with terms like "liquid modernity" through reading and podcast listening, and I'm using them to describe a specific idea.

I'm not sure what sort of reality digital goods have, but they do have *some* reality, as far as I can tell. As such, digital goods can certainly be bought, sold, and exchanged. Hence Bitcoin.

I just don't think Bitcoin is tangible enough to serve as an end. It should be used to obtain things of more concrete value. Which, really, is what currency is. Bitcoin seems to me to be a currency well-suited for a digital economy, but I don't understand the HODLers. They seem to miss the forest for the trees. Your original post got me thinking along those lines.

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captain ☦️ 2y ago

Those people don't understand the economics of bitcoin:

https://github.com/libbitcoin/libbitcoin-system/wiki/Lunar-Fallacy

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MichaelJ 2y ago

> Production is the source of trade and therefore all economic activity results from investment.

Production can result in digital goods as well as physical goods. The value of the Software as a Service business model demonstrates that. HODLing seems to conflate holding money with production.

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