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Re:Bitcoin is a disaster by nwienert on Thursday December 31, 2020 @06:12PM (#25598340)
Not the reality of cash as cash doesn’t change value like Bitcoin (in either direction), it’s also usually not scarce, and always much easier to use.
Re:Bitcoin is a disaster by StavrosK on Thursday December 31, 2020 @06:17PM (#25598378)
The dollar doesn't change value like Bitcoin, not cash as a whole.
Re:Bitcoin is a disaster by nwienert on Thursday December 31, 2020 @07:49PM (#25599316)
What we define as a good currency doesn’t. A currency that inflates or deflates dramatically is foundering.
Re:Bitcoin is a disaster by StavrosK on Thursday December 31, 2020 @07:52PM (#25599351)
So are we talking about "a good currency", or "cash"? Because the initial comment said "cash".
Re:Bitcoin is a disaster by nwienert on Thursday December 31, 2020 @08:19PM (#25599665)
I guess we’re just establishing that Bitcoin doesn’t fit the definition of a functional currency of which cash is a subset.
Re:Bitcoin is a disaster by StavrosK on Thursday December 31, 2020 @08:22PM (#25599691)
I disagree, I think Bitcoin is excellent digital cash, but not of a great currency yet.
Re:Bitcoin is a disaster by sunshinerag on Thursday December 31, 2020 @06:27PM (#25598463)
oh yes it does, it has crashed more than 2000% vs Bitcoin in a decade.
Re:Bitcoin is a disaster by bluedevil2k on Thursday December 31, 2020 @06:41PM (#25598631)
That’s completely wrong. You would never say “the US dollar has crashed compared to Microsoft stock“. That’s a dumb comparison to compare a currency to an investment. The dollar has been mostly stable the past 10 years. A gallon of milk is still around $3.50
Re:Bitcoin is a disaster by sunshinerag on Friday January 01, 2021 @11:56AM (#25604565)
why are you comparing a currency (bitcoin) to a stock.

USD vs Bitcoin is a comparison of currency.

Re:Bitcoin is a disaster by nwienert on Friday January 01, 2021 @07:34PM (#25608934)
Bitcoin is a security closer to gold than anything. Limited supply and high cost of production.
Re:Bitcoin is a disaster by wongarsu on Thursday December 31, 2020 @06:43PM (#25598660)
The dollar also lost a lot of value when compared to the stock market, or compared to land prices, or to gold.
Re:Bitcoin is a disaster by zik on Thursday December 31, 2020 @06:59PM (#25598806)
The value of cash dollars changes all the time. You just don't notice it because you pay for everything in the same dollar denomination. But when everything gets more expensive year by year that's your dollar devaluing. CPI is one measure of that.