Crypto is not immaterial, there is a digital (digital stuff exists in the real world, since it’s not fairy magic) copy of all Bitcoin transactions spread all around the world. Without the physical presence of nodes, bitcoin would not exist.
You might want to look up what immaterial means. You are very wrong in your assertion due to this misconception. You cannot hold a bitcoin in your hand because it is immaterial.
Uhhhh ok if you want to be pedantic, crypto is not immaterial as it exists as matter (the hardware holding the blockchain).
I guess I was under the impression you were using it to mean “without physical value” even though that’s not the definition. I figured you couldn’t possibly be trying to argue that there is no physical matter involved in Bitcoin…
“Uhhhh ok if you want to be pedantic, crypto is not immaterial as it exists as matter (the hardware holding the blockchain)”
That still does not make it material. Your coins are not physical objects. They are numerical strings.
Immaterial means either of no consequence OR not physical. IF my pension plan holds gold someone holds that physical material. There is no physical version of your coins. This is why. yall have to default to “code is law” because there is no physical asset to hold.
Again your ignorance of common words is something you should work on.
If your crypto is immaterial no one can hold it
Crypto is not immaterial, there is a digital (digital stuff exists in the real world, since it’s not fairy magic) copy of all Bitcoin transactions spread all around the world. Without the physical presence of nodes, bitcoin would not exist.
Also, Crypto does not equal Bitcoin.
You might want to look up what immaterial means. You are very wrong in your assertion due to this misconception. You cannot hold a bitcoin in your hand because it is immaterial.
All crypto is immaterial.
Fiat currency is immaterial. So much so that it can literally be created out of thin air.
no it isn’t I have bills in my pocket.
Oh my god you don’t even know what fiat currency is.
Okay I think we’re good here
I know what fiat currency is. You seem not to which considering your lack of understanding of what “immaterial” means is unsurprising.
Uhhhh ok if you want to be pedantic, crypto is not immaterial as it exists as matter (the hardware holding the blockchain).
I guess I was under the impression you were using it to mean “without physical value” even though that’s not the definition. I figured you couldn’t possibly be trying to argue that there is no physical matter involved in Bitcoin…
“Uhhhh ok if you want to be pedantic, crypto is not immaterial as it exists as matter (the hardware holding the blockchain)”
That still does not make it material. Your coins are not physical objects. They are numerical strings.
Immaterial means either of no consequence OR not physical. IF my pension plan holds gold someone holds that physical material. There is no physical version of your coins. This is why. yall have to default to “code is law” because there is no physical asset to hold.
Again your ignorance of common words is something you should work on.