this post was submitted on 14 Oct 2025
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History Memes

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Went amongst the techbros in daylight with a flashlight, searching for a man (infosec.pub)
submitted 3 weeks ago by PugJesus@piefed.social to c/historymemes@piefed.social
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[–] HugeNerd@lemmy.ca 1 points 3 weeks ago (2 children)

What is the intrinsic value of a piece of paper? Money is a social phenomenon.

[–] SorteKanin@feddit.dk 7 points 3 weeks ago (2 children)

Money is a social phenomenon

Perfectly explains why NFTs don't work. Nobody believes in the value of some bits on a blockchain, so it has no value.

[–] _stranger_@lemmy.world 2 points 3 weeks ago

Well some people do. And when some people believe a thing against all reason, we call that a cult. If they get big enough it's a religion. I worry about the future of the techno priesthood.

[–] HugeNerd@lemmy.ca 1 points 3 weeks ago (1 children)

Odd, there's a significant part of the world population that doesn't believe the Canadian paper money I have has any value and will demand payment in their local paper. Does Canadian money have value?

[–] CXORA@aussie.zone 3 points 3 weeks ago

You'll find this question already answered in the comment you replied to.

[–] someguy3@lemmy.world 2 points 2 weeks ago

Money is a slice of the gdp.