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To: lasereye

No kidding, but the whole discussion here is about what that worth will be in the future. Is anyone saying the US dollar has no worth today? Is anyone saying bitcoin has no worth today?

A person going to the market in Venezuelan to buy chicken doesn’t care about the bolivar’s forex exchange rate against other currencies. They care that the government devalued the bolivar another 20% that week, and the bolivars in their possession LOST VALUE by that amount when buying chicken.


45 posted on 05/09/2022 10:27:35 AM PDT by BiglyCommentary
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To: BiglyCommentary
That's not what the whole discussion is about. You said the problem with bitcoin is that nothing backs it, not that we don't know what it will be worth in the future.

They care that the government devalued the bolivar another 20% that week, and the bolivars in their possession LOST VALUE by that amount when buying chicken.

Government can't devalue bitcoin, so that's an irrelevant point.

80 posted on 05/09/2022 6:01:40 PM PDT by lasereye
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