Kevin Karhan :verified:<p><span class="h-card" translate="no"><a href="https://infosec.exchange/@SpaceLifeForm" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>SpaceLifeForm</span></a></span> TBH, all <a href="https://infosec.space/tags/currency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>currency</span></a> - even antique <a href="https://infosec.space/tags/metal" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>metal</span></a> <a href="https://infosec.space/tags/coins" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>coins</span></a> - is based off <a href="https://infosec.space/tags/fungibility" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>fungibility</span></a>. </p><ul><li>That's why <a href="https://infosec.space/tags/BurgerKing" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>BurgerKing</span></a> in <a href="https://infosec.space/tags/Germany" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Germany</span></a> accepted <a href="https://infosec.space/tags/USD" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USD</span></a> and not just <a href="https://infosec.space/tags/Euro" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Euro</span></a> and would happily sell me a Cheeseburger for a $5 note just as with a €5 note ( they only exchanged in Euro but that's beyond the point).</li></ul><p>The reason why I can't even buy fries with 5.000 KPW [North Korean Won] has nothing to do with North Korea, but entirely with the fact that noone wants that money.</p><ul><li>And that fungibility is <em>why</em> the <a href="https://infosec.space/tags/USD" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USD</span></a> is even relevant and why the <a href="https://infosec.space/tags/Euro" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Euro</span></a> is stable: Because you can actualy buy shit with it.</li></ul> <p><a href="https://infosec.space/tags/Gold" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Gold</span></a>, <a href="https://infosec.space/tags/Silver" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Silver</span></a>, <a href="https://infosec.space/tags/Platinum" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Platinum</span></a> and even <a href="https://infosec.space/tags/Copper" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Copper</span></a> are not only inconvenient beyond small sums because they weight a lot but because their value sometimes fluctuates harder than <a href="https://infosec.space/tags/Monero" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Monero</span></a> and with the exception of Copper there had been Mass <a href="https://infosec.space/tags/Confiscations" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Confiscations</span></a> aka. state-based <a href="https://infosec.space/tags/theft" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>theft</span></a> of these per law.</p><ul><li><p>Therefore it's absurd to think that any metal- or other commodity-based currency could be established that would see actual use-case beyond being an expensive <a href="https://infosec.space/tags/Shitcoin" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Shitcoin</span></a> aka. <a href="https://infosec.space/tags/SecuritiesFraud" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>SecuritiesFraud</span></a>-based <a href="https://infosec.space/tags/Scam" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Scam</span></a>. </p></li><li><p>The only reason <a href="https://infosec.space/tags/Bitcoin" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Bitcoin</span></a> has any value is because <a href="https://infosec.space/tags/Billionaires" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Billionaires</span></a> and <a href="https://infosec.space/tags/Oligarchs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Oligarchs</span></a> use it to commit <a href="https://infosec.space/tags/TaxFraud" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TaxFraud</span></a> and <a href="https://infosec.space/tags/CapitalFlight" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>CapitalFlight</span></a> in order to have an <a href="https://infosec.space/tags/ExitStrategy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ExitStrategy</span></a> left if or rather when their <a href="https://infosec.space/tags/Oligarchy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Oligarchy</span></a> - regardless if <a href="https://infosec.space/tags/Russia" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Russia</span></a>, <em>"P.R."</em> <a href="https://infosec.space/tags/China" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>China</span></a>, <a href="https://infosec.space/tags/UK" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>UK</span></a> or <a href="https://infosec.space/tags/USA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USA</span></a> implodes to buy themselves in elsewhere as <em>"<a href="https://infosec.space/tags/EconomicRefugees" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>EconomicRefugees</span></a>"</em> or rather <a href="https://infosec.space/tags/fugitives" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>fugitives</span></a> in a juristiction that doesn't extradite them for their *"<a href="https://infosec.space/tags/WhiteCollarCrime" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>WhiteCollarCrime</span></a>".</p></li><li><p>The only reason <a href="https://infosec.space/tags/Ethereum" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Ethereum</span></a> has any value is because it's the more <em>"accessible"</em> alternative to Bitcoin so mere <a href="https://infosec.space/tags/Millionaires" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Millionaires</span></a> can afford similar <em>"<a href="https://infosec.space/tags/AssetProtection" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>AssetProtection</span></a>" strategies</em> ...</p></li><li><p><a href="https://infosec.space/tags/Monero" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Monero</span></a> derives it's value not by having <a href="https://infosec.space/tags/Billions" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Billions</span></a> in on-paper-value locked in but entirely upon it's <a href="https://infosec.space/tags/fungibility" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>fungibility</span></a> and speed as a <a href="https://infosec.space/tags/PaymentSystem" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>PaymentSystem</span></a>, beating <a href="https://infosec.space/tags/Hawala" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Hawala</span></a> and <a href="https://infosec.space/tags/MoneyTransfer" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MoneyTransfer</span></a> providers by so wide margins that it feels like <a href="https://infosec.space/tags/US" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>US</span></a>-style <a href="https://infosec.space/tags/ACH" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ACH</span></a> Money Transfers getting steamrolled by <a href="https://infosec.space/tags/SEPA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>SEPA</span></a> <a href="https://infosec.space/tags/WireTransfer" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>WireTransfer</span></a>: They ain't even in the same millenium!</p></li></ul> <p>So if you want to sell me on some <a href="https://infosec.space/tags/RareMetal" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>RareMetal</span></a> <a href="https://infosec.space/tags/investment" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>investment</span></a> scheme: <em>Please fuck off!</em></p><p>If not, disregard the last sentence...</p><p>Thanks.</p>