Wednesday 27 December 2017

Week 165, Chocolate bitcoin


Got myself some solid, gold-coloured, chocolate fake-coin.

Barely accepted by anyone.

Transactions not subject to taxation.

What's the difference between the value of this and the 'value' of bitcoin?

Well, I can unpeel these and eat them, which is very satisfactory.

Whereas your bitcoin isn't edible.

Bitcoin transactions only take place where other people want to believe there is value.

Whereas with actual (and chocolate) cash the belief isn't so flimsy, although ultimately based on the same principle.

Backed globally by nations and regulation, that belief in real currency will be hard to shift.

Whereas once the Emperor is revealed to have crypto-clothing made from bitcoin your trousers will vanish.*

You'll be left out of, and without, pocket, not having the wherewithal to buy even a cardboard space shuttle.


*I make no apology for clunky metaphors.

For official/internal use only:
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