▲ 465 ▼ Power balance (lemmy.ca) submitted 9 months ago by RelativityRanger@lemmy.ca to c/politicalmemes@lemmy.ca 93 comments fedilink hide all child comments
[–] explodicle@sh.itjust.works 6 points 9 months ago (7 children) permalink fedilink source hideshow 7 child comments replies: [–] Dogiedog64@lemmy.world 10 points 9 months ago (2 children) Bitcoin is not a real currency, and anyone suggesting it as a new standard should be mocked. It's too clunky, too slow, and too prone to fraud and theft. The only real uses for Bitcoin are gambling, fraud, and buying drugs. permalink fedilink source parent hideshow 2 child comments replies: [–] technocrit@lemmy.dbzer0.com -2 points 9 months ago Keep telling yourself that while clutching ugly green paper covered in enslavers. permalink fedilink source parent [–] Abundance114@lemmy.world -4 points 9 months ago 2012 called and they want their Bitcoin hate slideshow points back. permalink fedilink source parent [–] Soulg@ani.social 4 points 9 months ago (2 children) It seems very obvious to me it will either be the Euro or the Chinese Yuan(?) permalink fedilink source parent hideshow 2 child comments replies: [–] emergencyfood@sh.itjust.works 2 points 9 months ago Both have issues:- Euro - for other countries to use the Euro, they need to have Euro stocks. For this, the EU needs to (1) run a deficit, and (2) manufacture something of value to the rest of the world. But the EU won't run a deficit, and its manufacturing sector is collapsing. Yuan - China does not want rich foreigners speculating on their currency and causing financial crises, so they have limits on how much (digital) yuan foreigners can own. They do loan yuan to foreign governments, but those are usually given for specific projects like a dam or a railway line. permalink fedilink source parent [–] technocrit@lemmy.dbzer0.com 0 points 9 months ago Very forward looking. \s permalink fedilink source parent [–] Doomsider@lemmy.world 2 points 9 months ago Replace reserve with money laundering. permalink fedilink source parent
[–] Dogiedog64@lemmy.world 10 points 9 months ago (2 children) Bitcoin is not a real currency, and anyone suggesting it as a new standard should be mocked. It's too clunky, too slow, and too prone to fraud and theft. The only real uses for Bitcoin are gambling, fraud, and buying drugs. permalink fedilink source parent hideshow 2 child comments replies: [–] technocrit@lemmy.dbzer0.com -2 points 9 months ago Keep telling yourself that while clutching ugly green paper covered in enslavers. permalink fedilink source parent [–] Abundance114@lemmy.world -4 points 9 months ago 2012 called and they want their Bitcoin hate slideshow points back. permalink fedilink source parent
[–] technocrit@lemmy.dbzer0.com -2 points 9 months ago Keep telling yourself that while clutching ugly green paper covered in enslavers. permalink fedilink source parent
[–] Abundance114@lemmy.world -4 points 9 months ago 2012 called and they want their Bitcoin hate slideshow points back. permalink fedilink source parent
[–] Soulg@ani.social 4 points 9 months ago (2 children) It seems very obvious to me it will either be the Euro or the Chinese Yuan(?) permalink fedilink source parent hideshow 2 child comments replies: [–] emergencyfood@sh.itjust.works 2 points 9 months ago Both have issues:- Euro - for other countries to use the Euro, they need to have Euro stocks. For this, the EU needs to (1) run a deficit, and (2) manufacture something of value to the rest of the world. But the EU won't run a deficit, and its manufacturing sector is collapsing. Yuan - China does not want rich foreigners speculating on their currency and causing financial crises, so they have limits on how much (digital) yuan foreigners can own. They do loan yuan to foreign governments, but those are usually given for specific projects like a dam or a railway line. permalink fedilink source parent [–] technocrit@lemmy.dbzer0.com 0 points 9 months ago Very forward looking. \s permalink fedilink source parent
[–] emergencyfood@sh.itjust.works 2 points 9 months ago Both have issues:- Euro - for other countries to use the Euro, they need to have Euro stocks. For this, the EU needs to (1) run a deficit, and (2) manufacture something of value to the rest of the world. But the EU won't run a deficit, and its manufacturing sector is collapsing. Yuan - China does not want rich foreigners speculating on their currency and causing financial crises, so they have limits on how much (digital) yuan foreigners can own. They do loan yuan to foreign governments, but those are usually given for specific projects like a dam or a railway line. permalink fedilink source parent
[–] technocrit@lemmy.dbzer0.com 0 points 9 months ago Very forward looking. \s permalink fedilink source parent
[–] Doomsider@lemmy.world 2 points 9 months ago Replace reserve with money laundering. permalink fedilink source parent
