Re:Temporary pause of Bitcoin withdrawals on Binance
by achenet on Monday June 13, 2022 @01:36PM
(#31728732)
no, it's to buy drugs on the internet.
Re:Temporary pause of Bitcoin withdrawals on Binance
by Consultant32452 on Monday June 13, 2022 @01:52PM
(#31728943)
Both are very important functions for a currency or store of value.
The reason, as we have been reminded so many times, is that it's an inflation-resistant store of value.
Pay no attention to BTC tanking right after actual inflation started.
It's weird how, as an inflation-resistant store of value, it only seems to work when we have asset-inflation, but stops working when we have main-street-grocery-prices-inflation.
Perhaps it's some web 3.0 financial wizardry that I'm just not smart enough to understand, but it seems to me that the only reason it was going up in price was because printed money (USD or USDT) was chasing yield.