Re:Fiat vs. Bitcoin
by matt4077 on Sunday October 29, 2017 @09:44AM
(#15579254)
> because they are currently cheap compared to the market cap they have
This sentence doesn't even begin to make sense...
The absolute value of any of these tokens is completely irrelevant. Same as it is for a US$ or CAD. You can define your own "decadollar", worth $10, get everyone to switch, and it would make absolutely no difference to the economy.
This sentence doesn't even begin to make sense...
The absolute value of any of these tokens is completely irrelevant. Same as it is for a US$ or CAD. You can define your own "decadollar", worth $10, get everyone to switch, and it would make absolutely no difference to the economy.