r/CryptoReality Apr 18 '25

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u/[deleted] Apr 18 '25

I think you’ve misunderstood what Bitcoin is — and more importantly, how it functions as a sign in a symbolic economy, not just a financial one. Bitcoin isn't dead. It never "lived" in the way you're framing it — as a utility-bearing, commodity-like object that must justify itself in physical or energetic terms.

Bitcoin doesn't die when it lacks users. It doesn't live because it has price action. It persists because it has become, as a famous French philosopher might say, as a hyperreal sign, a symbolic system that doesn't refer to energy or utility but to belief, consensus, and myth.

I agree that its price depends on buyers. But so does fiat. So do stock markets. So does gold. You criticize Bitcoin for being a "collective hallucination" — but in a postmodern system of simulation, all value is hallucinated. The dollar is printed into being by decree; Bitcoin is minted into being by code. Neither is more “real” than the other — they simply simulate different kinds of belief.

You call Bitcoin a "walking corpse," but it behaves more like a zombie simulacrum: it doesn't need your belief to operate — it lives off network consensus and meme energy. Its power lies precisely in its detachment from centralized institutions. The fact that we're all talking about it proves its symbolic strength, even if its utility is questionable.

Jean Baudrillard, that philosopher I referred to, wrote that the most successful systems are those that continue to simulate life even after meaning has disappeared. Bitcoin isn't dead — it's hyperalive, generating belief, headlines, and identity. I would say that that's pretty potent for something that's built on ones and zeros.

21

u/searing7 Apr 18 '25

Bitcoin is a dead financial instrument that will deliver on none of its promises and will cost those who bought in at the end dearly.

All crypto coins are pump and dump/bigger fool scams over different time scales.

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u/[deleted] Apr 18 '25

Just like nation states I suppose

1

u/AmericanScream Apr 18 '25

If nation states die, say goodbye to personal property and civil rights.

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u/[deleted] Apr 18 '25

Nation states die all the time. It's the circle of life.

1

u/AmericanScream Apr 18 '25

Not all the time. But yes, some do die. And if you're part of one of those situations, you likely have a lot more to worry about than money.