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If belief disappears, value disappears. That is true for #Google, #Apple, #money, #laws, and #Bitcoin. Many people have an elementary understanding of value. They have not thought it through. A good place to start is reading what Yuval Noah Harari writes about "intersubjective realities."

CitrineGlitters@citrineglitter.bsky.social

Bitcoin is a way to pay a lot of money for something with no inherent value and which is supported by nothing. It's based on the philosophy of "some greater fool," because that's how bitcoin owners make money -- by selling it at a higher price to someone dumb enough to buy it. But you do you, boo!

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