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100 sats \ 4 replies \ @justin_shocknet 30 Sep \ parent \ on: What about Bitcoin are you too embarrassed to admit you still don't understand? bitcoin

That makes it easier then to compare I think...

Stones/shells didn't start out as money, but people collected them for ornamental purposes, then money emerged from that bootstrapping by mineral spergs

Bitcoin started out as a toy collectible much in the same way, even though it was designed as money, value still had to emerge from an otherwise valueless ornament for spergs

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17 sats \ 3 replies \ @k00b 30 Sep

The toy collectible thing is my favorite answer to this question. All the other moneys that started that way didn't do too well in the long run though, but perhaps this initial value thing is independent of a money's trajectory.

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0 sats \ 2 replies \ @justin_shocknet 30 Sep

Yes I look at it as it was designed to make the jump from toy to money, it couldn't be money day 0 because money is emergent

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0 sats \ 1 reply \ @Solomonsatoshi 30 Sep

Perhaps spergs can see the inherent value in things normies take longer to see. Like the first predetermined and strictly limited total issuance of any commodity in the known universe.

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0 sats \ 0 replies \ @justin_shocknet 30 Sep

Guaranteed, no normie would find a chunk of gold and flatten it into a disc for barter.

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