Re:Bitcoin Price Hits All-Time High of $19,786, Topping 2017...
by alwillis on Monday November 30, 2020 @04:50PM
(#25259487)
Nobody can quite figure out what it is for except speculation and crime.
Bitcoin is a non-sovereign, hard-capped supply, global, immutable, decentralized digital store of value. It’s an insurance policy against monetary and fiscal policy irresponsibility from central banks and governments globally.
Re:Bitcoin Price Hits All-Time High of $19,786, Topping 2017...
by arcticbull on Monday November 30, 2020 @05:07PM
(#25259656)
I agree with part (1) but there's no reason (1) implies (2).
After all, Chuck-E-Cheese tokens fit a large part of the definition in part (1). After all they're non-sovereign, limited issuance, global, immutable and decentralized. But you'd be hard pressed to find someone who believes that implies Chuck-E-Cheese tokens are an insurance policy against monetary and fiscal policy irresponsibility from central banks and governments globally.
Re:Bitcoin Price Hits All-Time High of $19,786, Topping 2017...
by brian_cloutier on Monday November 30, 2020 @05:50PM
(#25260059)
The phrase "limited issuance" applies to bitcoin far more than it applies to chuck-e-cheese and given the rest of your comments it's clear you already know this. It seems you've decided you hate bitcoin and you're happy to use whatever argument justifies that opinion no matter how flimsy.
(2) the countries without infrastructure generally can’t afford to be spending even $6 on a transaction. Venezuela’s minimum wage is $2 per month.
(3) Bitcoin isn't for sending money to CAD, which of course you can do.
Funny how it’s always not for the thing I point out it doesn’t work for haha. Nobody can quite figure out what it is for except speculation and crime.