On: Binance lays off over 1k Employees

[plopilop]

The convertibility between money and gold has stopped in the 70s.

Bitcoin allows for instant money transfer, and so does Visa.

The fact that bitcoin has no collateral is a whole other topic.

[RestlessMind → plopilop]

Bitcoin allows for instant Bitcoin transfer. The fact that it can be converted for money is a separate angle.

> The fact that bitcoin has no collateral is a whole other topic.

That's actually the main topic. Both Gold and Bitcoin are valuable because we as a society decided that they are valuable.

[parineum → plopilop]

Instant?