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I know it might be difficult to lower your IQ this much but I am exposed to many liberals all the time and I swear this is the case.

When people have a low IQ, they can't grasp abstract concepts, especially when it comes to money and how it works.

They don't understand the difference between gold backed currency vs fiat. Or how increased prices are not always inflation.

They also think that bitcoin is "insert defamation label here" cause it doesn't exist. as if fiat represents something more tangible.

And that is the difference, a dollar is something they can touch, so they trust it. In order for crypto to really be adopted by the masses voluntarily, it will need to be tied to a physical something somehow. Whether thats another countries currency, a credit card type thing, or whatever. But there must be some way for someone to hand it to another person and say this has x satoshi's on it, or this is x satoshi.

I know it might be difficult to lower your IQ this much but I am exposed to many liberals all the time and I swear this is the case. When people have a low IQ, they can't grasp abstract concepts, especially when it comes to money and how it works. They don't understand the difference between gold backed currency vs fiat. Or how increased prices are not always inflation. They also think that bitcoin is "insert defamation label here" cause it doesn't exist. as if fiat represents something more tangible. And that is the difference, a dollar is something they can touch, so they trust it. In order for crypto to really be adopted by the masses voluntarily, it will need to be tied to a physical something somehow. Whether thats another countries currency, a credit card type thing, or whatever. But there must be some way for someone to hand it to another person and say this has x satoshi's on it, or this is x satoshi.

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[–] 1 pt

I would say as a practical matter you are 95% correct.

farmers don't accept crypto for food, and almost nowhere accept it for rent. But it can be used to buy stuff, such as on overstock.com and newegg.com and el salvador and one other government in africa have officially recognized bitcoin as currency where people could pay their taxes with it. So yes, right now you are correct, but it is not a solid rule that will be true forever.