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.
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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.
> 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.