Even this shitty stock had some value... crypto, not so much.
I lived off it for 2 years, so I disagree.
Crypto had as much value as people have confidence in it. At the end of the day, it’s a currency just like the USD - absolutely no different.... except one is controlled by Jews who print more of it whenever they want and the other has an unhackable infrastructure and finite amount.
Crypto had as much value as people have confidence in it. At the end of the day, it’s a currency just like the USD
Yes, but as a general use currency, it is not pegged to anything and to it has huge fluctuations. The USD is pegged to tangible assets and commodities, i.e. when you go the store, things are priced in USD. If you went to the store and all prices were in BTC, then BTC would be pegged to our commodities and assets, which would prevent the huge swings we see today.
Yes, but as a general use currency, it is not pegged to anything and to it has huge fluctuations.
Agree 100%
The USD is pegged to tangible assets and commodities, i.e. when you go the store, things are priced in USD Couldn't disagree more. We printed trillions out of thin air this year...
If you went to the store and all prices were in BTC, then BTC would be pegged to our commodities and assets, which would prevent the huge swings we see today.
I get what you're saying, and it does make sense. However, it only has value because others accept it. When inflation starts to really skyrocket as a result of loose monetary policy, people will lose that faith. As of now, you're a chump to hold the dollar - you're literally losing money daily.
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