The Washington Post Says That Fedcoin Will Be ‘Bigger’ Than Bitcoin
Fedcoin doesn’t even exist yet, and yet the Washington Post is already hyping it as the primary cryptocurrency that we will be using in the future. Do they know something that they rest of us do not?
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You're a dumbass if that is what you believe. You obviously don't understand how bitcoin functions.Speaker to Animals wrote:Banks would completely own this market if they choose to get into it. Bitcoin sucks ass as a currency precisely because it's so volatile. It's being used as a speculative investment vehicle, not a currency. Banks could actually manage the supply so that you don't have that kind of volatility and the crypto-currency becomes stable.
I hate to point out the obvious here, but the huge price increase in bitcoin is evidence that it fails as a currency. If bitcoin were a real currency, running an entire economy, that economy would be in hyperdeflation right now.
Fiat currencies of any form require rather sophisticated management to keep them stable. If you want a stable but unmanaged money supply, you need something that has intrinsic value (like precious metals).
__________ They wouldn't be using Bitcoin, though. They'd be creating/modifying the tech from scratch. They could dictate supply in any way they like. Essentially, they could create dollars, exactly as they are now, with a full record of every transaction.SilverEagle wrote:You're a dumbass if that is what you believe. You obviously don't understand how bitcoin functions.Speaker to Animals wrote:Banks would completely own this market if they choose to get into it. Bitcoin sucks ass as a currency precisely because it's so volatile. It's being used as a speculative investment vehicle, not a currency. Banks could actually manage the supply so that you don't have that kind of volatility and the crypto-currency becomes stable.
I hate to point out the obvious here, but the huge price increase in bitcoin is evidence that it fails as a currency. If bitcoin were a real currency, running an entire economy, that economy would be in hyperdeflation right now.
Fiat currencies of any form require rather sophisticated management to keep them stable. If you want a stable but unmanaged money supply, you need something that has intrinsic value (like precious metals).
Which is why Bitcoin is not going away.....anytime soon.GrumpyCatFace wrote:They wouldn't be using Bitcoin, though. They'd be creating/modifying the tech from scratch. They could dictate supply in any way they like. Essentially, they could create dollars, exactly as they are now, with a full record of every transaction.SilverEagle wrote:You're a dumbass if that is what you believe. You obviously don't understand how bitcoin functions.Speaker to Animals wrote:Banks would completely own this market if they choose to get into it. Bitcoin sucks ass as a currency precisely because it's so volatile. It's being used as a speculative investment vehicle, not a currency. Banks could actually manage the supply so that you don't have that kind of volatility and the crypto-currency becomes stable.
I hate to point out the obvious here, but the huge price increase in bitcoin is evidence that it fails as a currency. If bitcoin were a real currency, running an entire economy, that economy would be in hyperdeflation right now.
Fiat currencies of any form require rather sophisticated management to keep them stable. If you want a stable but unmanaged money supply, you need something that has intrinsic value (like precious metals).
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Pipe dreams.Fife wrote:Bitcoin is fools' gold. Shiny today, fo shizzle.
You all are downstream from the dam. Come on back up here; it's a bit of a hike, but we have dynamite, booze, and bacon up here. :goteam: :drunk:
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