Re:Amazon denies report of accepting Bitcoin as payment
by herbst on Tuesday July 27, 2021 @05:45AM
(#27970501)
If you look at a graph from 1 2 or 3 years for USD and Some popular cryptos it gets really obvious which one loses relative value and which one doubles or tripples value every other year.
USD is a horrible value storage in the last year's if you deal outside of USD
Re:Amazon denies report of accepting Bitcoin as payment
by phasnox on Tuesday July 27, 2021 @02:09AM
(#27969181)
> but USD has proven to be a far less volatile store of value than Bitcoin
If by less volatile you mean gradually losing value, I mean yeah.. But is that a better store of value?
> such a thing would be possible in the crypto space as well.
Nope, that is literally impossible with Bitcoin. Hitler could open up a shop, and no one could stop him from receiving payments.
There is widespread manipulation in the crypo market. The difference with crypto is that there are no regulations that even attempt to hinder it.
https://www.quora.com/Where-can-I-join-a-crypto-pump-and-dum...
https://www.reddit.com/r/CryptoCurrency/comments/lbzdn7/scam...
https://www.researchgate.net/figure/Example-of-a-pump-and-du...
> Unpredictable issuance.
Perhaps in theory, but USD has proven to be a far less volatile store of value than Bitcoin and Etherium, which have both been through the equivalent of hyperinflation and hyperdeflation over the past decade.
> Subject to censorship.
Currency is not subject to censorship, such a thing would be impossible. Certain payment providers have refused to process payments to various individuals, but such a thing would be possible in the crypto space as well.