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To: EnderWiggin1970
Nocoiners bashing on bitcoin are going to look pretty silly for the next year and more. Enjoy your worthless dollars while they last!

Bitcoin is like Communism. It sounds good to people who are ignorant of economics.

16 posted on 03/04/2024 9:12:18 AM PST by DiogenesLamp ("of parents owing allegiance to no other sovereignty.")
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To: DiogenesLamp
So what is your idea of sound money? Dollars backed by nothing, with no scarcity?

I got into cryptocurrency 10+ years ago after spending some time pondering what characteristics made for good money. I drew up a chart comparing dollars to gold. Bitcoin had recently hit $1000, leading to some headlines that made me aware of it. I added a 3rd column to the chart, drew up all the criteria I could think of, and started grading the three options. The rest is history. You might find value in repeating the exercise.

30 posted on 03/04/2024 12:33:28 PM PST by EnderWiggin1970
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