Topic: Cryptocurrencies are Digital Version of Children’s Play Paper Money (Read 115 times)
"Galileo Galilei once said, “All truths are easy to understand once they are discovered; the point is to discover them.” Discovering truth about cryptocurrencies (let’s just call them cryptos), and showing that they are not marketable instruments, but worthless digital characters, is the goal of this article. The first step toward achieving this goal is to explain how things in the economic relations are represented and quantified with a combination of characters on a paper or digital medium. After that, we will become familiar with the duality between the marketable thing and its representation, and why the latter cannot exist without the former. Given this duality it will become clear that cryptos exist as an instance of representation, but without the thing which is supposed to be represented, which is exactly how children's play money works." You can read the rest here: https://cryptofraud.wordpress.com/
Jump to: