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January 08, 2014, 03:22:33 PM |
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Simply because they have no value.
"...Today, the world uses as money something totally imaginary: fiat paper money exists in printed form and can be folded, but its value is quite imaginary; the numbers on this paper money, which give it value in proportion to their magnitude, bear no relation at all to anything tangible. On the other hand and to a much greater extent we have fiat digital money; this form of money is absolutely imaginary, and is produced by the imaginary banking systems of the world.
All imaginary digital money is imagined to exist exclusively in imaginary banks, where it is registered as supposedly the property of corporations and other imaginary institutions of all sorts, and also, as the property of flesh and blood humans. An awkward fundamental question is “How can something imaginary constitute property?”
Such is the mighty hold of imagination upon humans that even the ridiculous imaginary Bitcoin has gained the attention of some otherwise prudent humans. Governments have objected to the use of the Bitcoin because the Bitcoin, as imaginary money, invades the imaginary turf of bankers and governments and these people don’t like that. Curiously, on the Internet we can see pictures of pretty shiny Bitcoins, though none have been minted. A picture is helpful to the promotion of an imaginary coin.
On the part of some normally sound critics of fiat money the main doubts regarding the Bitcoin refer to its security and safety from falsification. Nobody is concerned that the Bitcoins are totally imaginary. Humanity appears to be quite happy in the imaginary world in which it lives.
Today, imaginary governments rule by means of distribution of imaginary money provided by imaginary banking systems controlled by imaginary central banks..."
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