Hacker News
new
|
past
|
comments
|
ask
|
show
|
jobs
|
submit
login
rootusrootus
on June 13, 2022
|
parent
|
context
|
favorite
| on:
Major crypto lender Celsius freezes withdrawals as...
Generically, perhaps. But specific money like the USD has value backed up at the point of a gun.
hacknat
on June 13, 2022
[–]
That is not the only thing that has backed the value of money in the history of humanity. It (violence) is arguably the most inferior social mechanism for enforcing value that has been tried.
Consider applying for YC's Fall 2025 batch! Applications are open till Aug 4
Guidelines
|
FAQ
|
Lists
|
API
|
Security
|
Legal
|
Apply to YC
|
Contact
Search:
