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Comment Re:What impresses & baffles me (Score 1) 390

And the Kronar is backed by the full faith of the Icelandic government. And it's utterly worthless. There are plenty more currencies backed by their governments around the world that are similarly worthless and abandoned by its citizens whenever possible. And some of those countries have a military too, before you ask. The Euro is doing quite well against the dollar, and there is no military behind it. The collective trust in a currency is far more important than the government that is backing it.

Comment Re:Huh? cart horse (Score 5, Informative) 56

Came here to say this. Sort of. Richard Dawkins coined the word meme in his 1976 book The Selfish Gene, which the article quotes. A meme is basically an idea, or concept, that replicates from host to host. An internet meme is just one kind of meme, but in common parlance has become just meme. But yeah, the word was created to show how ideas mutate and evolve like genes, so it shouldn't surprise us that they actually do. It's nice to see confirming evidence though, I guess.

Comment Re:What impresses & baffles me (Score 3, Insightful) 390

What I find impressive and baffling is how people assign value to things that have no value for any purpose other than a means of exchange

I thought you were going to make some pithy remark that the U.S. dollar is little different from Bitcoin in that regard, but perhaps you haven't realizede that yet.

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