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USD is more useful than gold, as can be transferred electronically, and recognised everywhere. And also, the USD is more useful than Bitcoin, in the pragmatic u
by faragon 9y ago
USD is more useful than gold, as can be transferred electronically, and recognised everywhere. And also, the USD is more useful than Bitcoin, in the pragmatic usage, not in the idealistic. Demostration: Bitcoin liquidity is because of places where it is allowed to be changed for fiat currency. I.e. it is worth because people think they can make it liquid. What if no one wants to buy Bitcoins at current price because of thinking it is a bubble? It is the same pattern as in every bubble.