Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: desertfreedom765

“The value of crypto is that its not Federal Reserve notes which lose value over time”

if the dollar is such a worthless currency, then why is all crypto quoted and traded in terms of dollar valuation?


41 posted on 01/22/2022 11:18:17 AM PST by catnipman (Cat Nipman: In a post-covid world, ALL science is now political science ...)
[ Post Reply | Private Reply | To 28 | View Replies ]


To: catnipman

Its not worthless, it is worth less ~ 10% this year.

It is the legal currency, by law all debts are settled in the currency.

If they changed the law so that contracts or debts could be paid in Gold or Crypto then the dollar would be used much less.

Which is why you will never see that happen.


45 posted on 01/22/2022 1:05:41 PM PST by desertfreedom765
[ Post Reply | Private Reply | To 41 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson