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posted 4 years ago by pkvi 4 years ago by pkvi +70 / -0
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▲ -2 ▼
– ScutFarkus -2 points 4 years ago +3 / -5

Does the term “fractional reserve” mean anything to you?

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▲ 3 ▼
– Ep0ch 3 points 4 years ago +4 / -1

Nothing, on a worthless currency. It is a meme stock.

You must be real thick, if you didn't get my example.

How many times last year was the internet switched off in various nations completely. When it comes back online, is the crypto in use. So, Chinese whoring. No, there is martial law. There you are like a lemming, read what you wrote. It is like somebody else has sat on your head. Your head is so far up a giant ass, you have lost all common sense. All because you want a form of credit where people purchase it with their money, they use their money to buy it otherwise it wouldn't exist, and it is traded exclusively online, it buys a bunch of pointless gimmicks. Sure there are some dumb nations with bananas trying to implement it, because their governments are criminals, they have barely gotten round to it, they still use pesos as well, people still hold pesos instead of invisible paintings. But you sit there ass on face spewing shit, saying it is better than any currency. Because an ass has clouded all your fractional judgement? It thinks there is a magical reserve away from the bank where if currency devalued bitcoin still retains? No it doesn't, ass face.

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▲ -3 ▼
– ScutFarkus -3 points 4 years ago +1 / -4

Mmhmm.

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▲ 4 ▼
– Ep0ch 4 points 4 years ago +5 / -1

Hahaha seriously it is worse than paper, paper is worse than precious metals, property, and assets.

Currency retains bitcoin's value. Bitcoin has not replaced currency. People buy bitcoin with currency otherwise bitcoin wouldn't exist. It is credit. Credit with no fix rates. Simple extortion. It is more volatile than any other standardized lines of credit, because it is far more susceptible to attack and to collapse.

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▲ -1 ▼
– ScutFarkus -1 points 4 years ago +1 / -2

I guess it’s true.

Once you reach a certain age, you lose your ability to learn new things and adjust with the times.

You’re the proverbial old man being cast from the village.

It isn’t your world anymore. That must be tough to swallow.

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