I feel like people compare it to being a religion, but they don't understand social constructs and religion is the closest thing they can think of. They accept social constructs as mere facts of life that requires no faith at all (but they do, people just don't think about it.)
During the congressional hearing yesterday, Jerome Powell said: "If people believe inflation will go to 5% then it will" J Pow talking about "the faith in the currency" which an important aspect of money that economists generally understand. It is this faith in the currency that allowed the "Real" in Brazil to be successful (until the government killed it off just like their last currency). It is the concept that this video is talking about: https://www.youtube.com/watch?v=EPspYa8TLlA
Bitcoin is something different for each and every one of us. Fo example: cult, fight, investment, next gen money, something cool, job, stupid idea, political or war weapon and the list goes on. So why not religion with an imaginary prophet Satoshi.
That is a good question. Honestly, it changes as i learn more. Started as an investment, now more about the idea of an independent monetary system. But i am still not fully convinced:)
I've written on this as well: #143242
It is not a religion, in all seriousness.
Here are some more arguments about yes vs no:
Why it could be a religion:
Why it is not a religion:
So, eventhough Bitcoin appears as a religion, it has many traits of not being a religion.
Add more to the list if you dare.
Do you know what a social construct is?
I feel like people compare it to being a religion, but they don't understand social constructs and religion is the closest thing they can think of. They accept social constructs as mere facts of life that requires no faith at all (but they do, people just don't think about it.)
During the congressional hearing yesterday, Jerome Powell said: "If people believe inflation will go to 5% then it will" J Pow talking about "the faith in the currency" which an important aspect of money that economists generally understand. It is this faith in the currency that allowed the "Real" in Brazil to be successful (until the government killed it off just like their last currency). It is the concept that this video is talking about: https://www.youtube.com/watch?v=EPspYa8TLlA
well, religion is also a social construct
All rectangles are squares but not all squares are rectangles.
Religion is a social construct, but not all social constructs are religions.
Bitcoin is more than that: is a cult
The cult of freedom.
😂😂😂😂😂😂😂😂😂😂😂
RockstarDev is right: Bitcoin is not about you ( a nym) is about the idea, the fight.
Identity is not important.
Bitcoin is something different for each and every one of us.
Fo example: cult, fight, investment, next gen money, something cool, job, stupid idea, political or war weapon and the list goes on. So why not religion with an imaginary prophet Satoshi.
What is Bitcoin for you?
That is a good question. Honestly, it changes as i learn more. Started as an investment, now more about the idea of an independent monetary system. But i am still not fully convinced:)
Good... you start learning. You are on the right path.
A sincere advice: read my guides and you will learn the really useful face of Bitcoin. Start with the first ones.
I've read many :). Keep up sharing.