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Re:UK regulator clamps down on Binance by Geee on Tuesday June 29, 2021 @12:08PM (#27677908)
I'm not sure what's your point. USD is inflationary, that's why it's a bad currency / bad savings vehicle.
Re:UK regulator clamps down on Binance by hhmc on Wednesday June 30, 2021 @11:58AM (#27690101)
I'm not sure what your point is. You keep goalpost shifting. Bitcoin clearly is unfit as a currency as it stands. If you're will to argue that an asset with a 3% daily vlt is viable as a currencty, I don't think we will be able to find common ground.
Re:UK regulator clamps down on Binance by Geee on Wednesday June 30, 2021 @05:24PM (#27693568)
There's no such thing as viable currency. For me it works fine. I'd rather choose higher volatility with long term value appreciation, rather than lower volatility with long term value depreciation.
Re:UK regulator clamps down on Binance by hhmc on Thursday July 01, 2021 @12:29PM (#27700915)
> There's no such thing as viable currency.

Of course there is, for example it would be necessary for it to be useful as a medium of exchange. Which, bitcoin certainly isn't.

I can't purchase, for example, >50% of the basket of goods that comprise the CPI with bitcoin.

Sure, you can argue that anything which can facilitate more than 0 exchanges with more than 0 counterparties is, at least ephemerally, a currency. But if you're arguing that, you've already lost.