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To: RoosterRedux

“Bitcoin/cryptocurrency is a recorded digital currency, but the value and purpose of such recording is specious. And as a stable medium of exchange, it isn’t. Its value is all over the place.”

Is the value of Bitcoin pegged to anything? Such as gold? I looked at a chart of Bitcoin expressed in dollars. It has gone up and down but generally up. However, there are many stocks that have done better.

By the way, Bidenflation is real. In the last four years we started going to the grocery store with a $100 bill getting cash back, as an alternative to going to the ATM for cash. Now we need two $100 bills. We need deflation to get back to where we were. I think DJT can do that at the pump, which should help generally.


13 posted on 07/27/2024 5:16:42 AM PDT by ChessExpert (Scarborough: "This is the Best Biden ever.")
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To: ChessExpert

Speaking of inflation, it is not stabilizing or going down as the dims say. The various brands of 100 box of K cups at Costco just went to 75 cups for the same price. (in unison)


18 posted on 07/27/2024 8:57:10 AM PDT by Cold Heart
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