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To: entropy12
US dollar is backed by power of government to tax everyone who makes money. Yes, the dollar is continuously being devalued by excessive spending. But it has a backing.

Crypto has NONE.

A cryptocurrency like bitcoin is actually ‘backed’ by the inviolable nature of mathematics. Trust in the ‘full faith and credit’ of politicians, or faith that 2+2=4 today, tomorrow, and forevermore?

To stick with a monetary instrument that you know politicians will continue to debase, or use a monetary instrument that the politicians have no power to debase or steal?

Which would you prefer? And why?

19 posted on 12/20/2022 7:44:34 AM PST by Gunslingr3
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To: Gunslingr3

I have masters degree in engineering. ANd 37 years experience practicing my profession in real world.

Here is what I think. RELY MORE ON ACTUAL RESULTS THAN THEORIES AND OPINIONS.

So examine results. Bitcoin has dropped to 1/3 from it’s recent high. That is 66% drop. US dollar has dropped 17% in 2 years. The actual evidence is all that counts.


41 posted on 12/20/2022 9:14:33 AM PST by entropy12 (Food is most popular anxiety drug, exercise is the least popular.)
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