However, the left does not care one iota about the state of our debt crisis, nor do they seriously put any thought into funding their political fantasies. Money is given its value from the perception of its users. Humans have to agree that there is such a thing as a country and agree on what a country is. This idea of assuming social constructs do not have any real impact is very skewed thinking, that comes from making a binary division between things termed real and social. Low-key leggings oozing in Annuit Coeptis! Compiled of MICROSCOPIC IMAGES of the US DOLLAR. Jake Tapper from CNN interviewed AOC, the young new face of the Democratic Party, in the months and weeks leading to the 2018 midterms. To them, money is a social construct; an arbitrary manifestation of capitalism. With this understanding in mind there are two very important differences between the dollar as a social construct and bitcoin as a social construct: #1: The acceptance bitcoin is completely voluntarily, while the acceptance of dollar is not. Meanwhile, the American left has said taxes will not be raised on most income brackets, while also welcoming an unceasing flow of immigration, and advocating a continuum of new federal expenditures with basically no restraint. It is easier to see how countries could be social constructs than it is to see how money is a social construct. #3 The value I have invested in bitcoin is therefore an investment in a specific technology. Unfortunately, social democrats like Bernie Sanders and media darling Alexandria Ocasio-Cortez, also live in a world where the monetary means to accomplish their redistributive goals are an imaginary obstacle. Money as a Social Construct. Some examples of social constructs are countries and money. What would any rational person do if put in charge of such a pathetically overwhelming situation? So when there’s a lot of money, it has to find some way to be in proportion to the things for sale. #5 To perform maintenance there must be maintainers. Every year, we pay interest on our national debt which will soon surpass our total military spending. Money is a medium of exchange; it allows people to obtain what they need to live. LEGS for AEONS// New! And in the early days of Christianity, the religion at least acknowledged this fact. - To store (save for later) the values they have created. #9 In my view, the most important property of bitcoin is;To be a censorship resistant store of value that can be held and transferred without reliance on any trusted third party. To do this, the user must be connected to a fully validating node that is owned and controlled by the individual user. Get that paper A bi-pedal dream! The dollar has the advantage of legal tender status. Money is a tool that allows for a measurement of different values so that the above question can have a satisfying answer. To them, money is a social construct; an arbitrary manifestation of capitalism. #8 As most qualified I regard; those who have the highest probability of success in enabling the continued survival of bitcoin with its most important properties intact. Unfortunately this question can never have a definitive answer, because there are no inherent authority that can decide what that answer should be. A valid chain; is a chain where all the blocks are in compliance with all the consensus rules that existed when each block was created. Spend more or less? The answer is clear. Moreover, most of our money these days is purely electronic, represented by ones and zeros and real only in the most abstract sense possible. If given the opportunity, they would not hesitate to completely turn us into social pariahs to the point of not being able to ever achieve traditional employment ever again, de-platform us entirely to the point where we are no longer able to process credit cards, and leave us completely so far removed from society that we would not even be able to receive essential medical care or nutrition. The rules of bitcoin are enforced by the users through their act of validating. In the current environment this warning should not be taken lightly. At its core money is simply a social construct that allows for the exchange of goods and services. But if the money is not the value, then what is the money? #4 All sorts of technologies are dependent on maintenance. The users are practicing enforcement because they will only accept bitcoin as valid payment if; The bitcoin-transactions they receive: are valid transactions as specified by the personal nodes they are running. 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