Posted on 06/07/2021 8:17:39 AM PDT by RandFan
Yeah, and those nasty porn sites, too! And...and while we're at it, let's get rid of those pesky weed dispensaries! In fact, lets just shut down everything we don't agree with or understand!
Any kind of money used to store value is a convenient fiction. Bitcoin is no different from paper dollars. Gold or platinum are different in that they are expensive to replicate.
e-Tulips - The the Dutch ruled commerce and the (trading) sea.
Crypto currency is as valuable as the wishful thinking GPU farmers decide but it has no practical purpose or aesthetic qualities. Multi-Level marketing of restroom quality clouds of vaporous gases. I’ll take tulip bulbs for 1000.
Bitcoin is a highly speculative commodity, with some arcane method of determining “value” that has little to do with either solvency or any physical presence. It is probably the most ephemeral of vaporware, and should anybody ever break the algorithm that is supposed to make its exchange “safe”, it would drop like a lead balloon shot with a bazooka.
Gold or silver at least have the relative advantage in that they actually exist other than in a scrap of data on a computer or server.
Yes, like fiat currency that looses value while it is in your hand and is endlessly manipulated by central bankers who take care of their own.
Crypto is in its infancy, it has challenges and issues and there is risk. However, all fiat currencies eventually end up at zero, it is a place to store value in very interesting times.
In addition it is a good idea to have brass, lead and other precious metals when the fecal material hits the fan.
I don’t understand bit coin, and based just on surface knowledge of it, IMO: putting your money in the realm of the tech tyrants does not seem like good idea.
You’re speaking in a tongue I understand and agree with.
Hard assets.
Headlines should not leave out words from the actual quotation. “Seems like” is just left out.
Well, as far as I can see it’s like fiat money. I must admit though that I have a certain amount of respect for certain fiat monies.
Can I not paraphrase for brevity? I’m sorry. I’ll try and remember in future..
PDJT is correct about Bitcoin.
People are going to be seriously, seriously hurt by it someday, likely pretty soon, imho.
PDJT is correct, or at least I agree that I want the USD to be the world’s leading currency, too.
But alas, it is now, like Bitcoin, a great big scam.
He wants the dollar to be the currency? I notice he didn’t say “money”. He can want and wish all he wants. He dollar is completely trashed. I wish I was a cowboy, or an astronaut.
He might as well wish America would be like the 1950s again.
I support him and I get what he wishes, but if bitcoin is a scam, he should explain why the dollar isn’t.
MY fiat currency is better than your fiat currency.
And when the grid and internet shuts down, what will your stock investments do? I mean, you do have the actual stock certificates at home don’t you?
Are you joking about paraphrasing a quote in a headline? Your omission did not actually change the full meaning of the quote but it did change Trump’s level of certainty in his statement. The leftist propaganda press sometimes changes the complete meaning of a person’s statement when they change their quotes. In any case, it should not be done. For brevity, omitted words need an ellipsis. ...
Those are the only numbers that count. Not how many have bitcoins the squirreled away in a virtual shoe box years ago.
over 30,000 nodes running the bitcoin blockchain.
Counting the number of miners is bogus.
What is the maximum transaction rate for bitcoin?
Markets like stability and dependability with regard to currency. Feckless nations have debased their currencies to the extent they are anything but stable and dependable. In a situation like the sovereigns have created the market will look to something else to provide the stability and dependability they desire. Historically, it’s been gold and silver. Bitcoin, with it’s finite #, offers something that is attractive and compelling to the markets. Sovereigns will war against it because it dilutes their power of coercion. It will be interesting to see how it all plays out.
Same.
What currency is worth less than paper or debt backed notes? Electrons. Turn off the power and your BTC wallet is worth exactly nothing.
Belief that a thing has value has always been what determined it’s trade value though. Once that belief is shattered though, good luck getting it back.
He’s right. Sadly, Federal Reserve Notes are also a scam.
Gold, silver, oil, halibut, toilet paper...
Competing commodity based currencies tracked in real-time by the same apps people are currently using to day-trade or throw real money at fake bitcoins...
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