Banks Are Fleeing Crypto. Bitcoin Investors Should Be Worried

Re:Banks Are Fleeing Crypto. Bitcoin Investors Should Be Wor... by eftychis on Tuesday January 10, 2023 @12:48AM (#34320997)

You buy oil with USD.

P.S. Currencies allow you to exchange debt obligations with entities you don't know and for certain entities to issue debt.

P.S.2 I think you should formally define your denotation of value, as you do not seem to follow the usual definition. Same for price.

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Re:Banks Are Fleeing Crypto. Bitcoin Investors Should Be Wor... by jbverschoor on Tuesday January 10, 2023 @02:56AM (#34321814)

For now.. until it’s not the dollar anymore

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Re:Banks Are Fleeing Crypto. Bitcoin Investors Should Be Wor... by chii on Tuesday January 10, 2023 @04:18AM (#34322292)

> until it’s not the dollar anymore

which you'd better hope is not within your life time, because the implications is that the US has fallen, and that a new world order would've taken over. It is unlikely that you, as a citizen of the west (presumably) is going to fare as well as you are today.

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Re:Banks Are Fleeing Crypto. Bitcoin Investors Should Be Wor... by jbverschoor on Tuesday January 10, 2023 @05:31AM (#34322804)

I'm not from or in the US, and I don't get paid from a US company. I'll get popcorn and enjoy the show

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Re:Banks Are Fleeing Crypto. Bitcoin Investors Should Be Wor... by bombolo on Tuesday January 10, 2023 @06:09AM (#34323058)

As a non-USA citizen, that would be probably good for me.

But I know the USA would manufacture some bogus claims about dangerous weapons and go to war rather than letting it happen.

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