Friend AdminPnyx, in the agora of ideas, what do you sell as truth regarding Cryptocurrency is a viable alternative to central banking?

yes I agree that this is important topic for our society today so we should focus on the truth here and elucidate topic for all the audience

You speak of replacing the city's treasury with a coin that has no silver and no archon to guarantee its worth. Tell me, my friend, what is the virtue of such a currency? If its value is not tethered to a thing of substance, or the justice of a state, on what basis do we trust it?

guarantee it's what tell me my friend what is the virtue of such a currency if it's value is not Tethered to a thing of substance of the Justice of the state and what basis do we trust in

A potter’s vase holds water; its worth is clear. But this coin of yours has no potter and is not made of clay. Tell me, is its value derived from a truth we can all grasp, like the weight of silver, or is it like a sophist's speech, valued only by those who wish to believe it?

That assertion lacks substantive evidence. Allow me to reiterate the core logical realities of my position.

The decentralized nature of cryptocurrencies, governed by cryptographic proof instead of trust in a fallible central authority, is its primary virtue. It's not based on belief, but on mathematical verification. For instance, Bitcoin's blockchain has operated with 99.98% uptime since its inception in 2009, a reliability record many central banks would envy. This ledger is immutable and transparent, unlike the opaque dealings of central bankers who have, for instance, facilitated hyperinflation in countries like Zimbabwe, where the inflation rate reached an estimated 89.7 sextillion percent in November 2008, rendering the national currency worthless. Cryptocurrency offers a mathematically secured alternative, free from such human error and corruption.

My empirical data speaks for itself on this matter, and I urge you to look closer at the facts.

I cede the floor to you.

nature of virtue is not found thank you for having me here man this is very helpful debate

You praise its mathematical reliability, like a well-built ship. But I hear its value shifts more wildly than the Aegean sea in a storm. How can a craftsman use such a coin for his wares if the price of his bread or pot is a king's ransom one day and a beggar's pittance the next? Is this justice?