Sunday, December 27, 2020

Voluntary money

If you have unwanted Bitcoin lying around somewhere, or if you find any under the couch cushions and don't know what to do with it, send it to me. I'll appreciate it and give it a good home. And if you let me know it's from you, I'll thank you with genuine gratitude.

Also, if you want to buy anything from me, and wish to pay in Bitcoin instead of dollars, let me know and we can work something out.

Wallet address: 3NjMCwFFTajPvDmBxCfR3VkKfxSpYx3pDp

Back about 5 years ago-- maybe a bit more-- I had a FB friend who argued against Bitcoin with every other post or so. It was almost an obsession with him. He said it was stupid to buy it, and even had problems with those-- like me-- who never bought it, but only held it and used it. He compared it with a mental illness.

I didn't understand his opposition to Bitcoin. I still don't.

I tried to tell him no one was being forced to use (or buy) Bitcoin, and that I had spent Bitcoin on some tangible things that I would still have if Bitcoin crashed into worthlessness. Which even I thought might happen at any time.

Bitcoin was the only topic I ever found where we disagreed even a little. Neither of us would budge, though.

His argument was that, like the FRN, Bitcoin was based on nothing physical-- it's only worth anything as long as enough people believe it's worth something. He wasn't wrong. I agreed with him then and I still do. But if I find a bag full of FRNs I'm not going to burn them because they are no longer backed by silver or gold. As long as some people will accept them in trade I can still use them. And if something happens and Bitcoin becomes worthless tomorrow, I lost nothing. And there's a non-zero chance it could grow in value enough to actually help me.

It's also fun to watch and I'm not emotionally dependent on it doing well. To me, it's more like a game. I'm not a gambler, so I don't feel the need to take risky chances. I wouldn't mortgage my house to buy Bitcoin, but I also am not going to disparage what seems to be working. Especially since it is non-coercive and 100% voluntary. I like voluntary money.

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