And who holds most of the gold? It was exactly the banksters who pushed for the gold standard back in the early 20th century. Guys like Rothschild, Warburg and J.P. Morgan. I'm not against it and stack it but it's definitely not the silver bullet some think it is.
Nobody uses Bitcoin for transactions they just use it as a speculative asset. There are better cryptos for actually using as a currency but crypto bros don't see that they just see the value which is ironically in dollars
(In before "actually some people have used Bitcoin as a currency" as that's a tiny fraction of what's happening on the exchanges)
That's correct. It's not being used as currency as much. It's more of an asset that will appreciate in value given the current economic climate and the inevitable future demise of the legacy currencies.
President Elect. Words matter.
The only way our dollar is fixed is by going back on the Gold Standard.
Gold is just as manipulated as anything else. China's huge discovery of a gold supply for starters.
A fixed money supply, or one that grows at a fixed non-manipulated rate is the better solution.
And who holds most of the gold? It was exactly the banksters who pushed for the gold standard back in the early 20th century. Guys like Rothschild, Warburg and J.P. Morgan. I'm not against it and stack it but it's definitely not the silver bullet some think it is.
I agree 100%, but it must have been nice to be able to go to a bank and tell them you wanted to trade tender for gold.
Ok boomer. The USD is the real shitcoin controlled by the Fed and their money printer, while BTC is the future.
Nobody uses Bitcoin for transactions they just use it as a speculative asset. There are better cryptos for actually using as a currency but crypto bros don't see that they just see the value which is ironically in dollars
(In before "actually some people have used Bitcoin as a currency" as that's a tiny fraction of what's happening on the exchanges)
That's correct. It's not being used as currency as much. It's more of an asset that will appreciate in value given the current economic climate and the inevitable future demise of the legacy currencies.
That does not make Bitcoin the future, although it probably is because it will transition nicely into the digital slave prison envisioned for us
False dichotomy.