Bitcoin

Out of context: Reply #1944

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  • shapesalad-4

    If you bought 1 bitcoin last year, guess how many bitcoins you'd have today?

    Yeah, 1.
    So it's stable.

    Maybe it's the $ that's fluctuating.
    Think about that.

    Bitcoin is mathematically limited to 21m ever being printed.
    How many $ are the US Federal Reserve limited to printing, and how much say do you have in them issuing more currency? Because each time they pump another trillion into the economy that dollar you have your wallet just lost some of its value, that 1 bitcoin you have, is still 1 bitcoin.

    shapesalad -4Permalink
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    • There’s no need to explain it. The naysayers have their minds made up here. Crypto currency is only the Future. Hard to believe people don’t get it.BH26
    • An extremely libertarian viewpoint to say the least... following your logic if it falls down to sub $4k you'd be happy because it would still be 1 BTC. stablejonny_quest_lives
    • maybe the sun is stable and the Earth rotates around IT! ever think about that??sarahfailin
    • Comparing the Bitcoin ecosystem to the Fed is not accurate as Bitcoin was developed to allow transfer of capital between to parties without the need of banksjonny_quest_lives
    • FYI guys... we orbit around Pluto.shapesalad
    • Hurr durr 1 bitcoin. Stable genius. You're a fucking jokebabydick
    • If you can redeem/sell your Bitcoin for the price you want more power to you... but trying to validate this emperor has no clothes shady exhange ecosystemjonny_quest_lives
    • is another matter... The legitimacy you crave comes with regulations... and I am by no means defending the current financial systemjonny_quest_lives
    • it has flaws, but is regulated by the government with appointed oversight which in theory should hold fiscal entities in compliance with laws and adequatejonny_quest_lives
    • funding to issue credit. Who do you appeal to if something goes wrong on current exhanges? or an exchange locks u out during tradingjonny_quest_lives
    • because the exchange may be complicit in the price manipulation themselves and not have redeemable capital at all?jonny_quest_lives
    • this is not a decentralized marketplace at all that ship has sailedjonny_quest_lives
    • https://cbeci.org/mi…jonny_quest_lives
    • If the dollar was really fluctuating that much then a pizza that cost $10 a decade ago would cost a million dollars. The opposite of what happened with Bitcoin.yuekit
    • And let's be honest if Bitcoin wasn't so unstable in value no one would be talking about it. The thing that makes it attractive as a speculative investmentyuekit
    • is the same thing that makes it unworkable as a real world currency.yuekit
    • Value of $ isn’t based on Bitcoin you fucking clown. Compare it to baseball cards or another commodity if you want to make comparisons. This is stupid.monospaced
    • One thing's for sure - Bitcoin et al is a more divisive topic than Mac vs. PC.Nairn
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