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If you consider BTC to be the stable currency then it is USD that is crashing.
by twohearted 9y ago
If you consider BTC to be the stable currency then it is USD that is crashing.
- AnimalMuppet 9y agoIf. I see no reason to consider that, though. You'd have to say that, not only the US dollar, but every paper currency is crashing, along with gold. That seems quite a stretch.
- twohearted 9y agoThat is exactly what the cryptocrazies are stipulating. It's cryptocurrency vs fiat. Seen from the fiat perspective, it's an obvious bubble. But if you're on the cryptocurrency side, it's barely the start of a massive and inevitable shift.
- AnimalMuppet 9y agoFiat currencies, OK. I could maybe see that. But also gold? And petroleum? And real estate? And every other asset class on the planet? No. Crypto's a bubble. This isn't fiat currencies sliding.
- dinkumthinkum 9y agoI think there are so many kids that did well in science and math and love science fiction and probably enjoy dabbling in some kind of tech libertarianism and have a certain naïveté about cryptocutrencies and what will happen in society. I mean this in a nice way but the view that the apparent obscene volatility of cryptocutrency is a sign of it's stability and the USD is crashing, is an intensely delusional view. That really cannot be understated.
- kgwgk 9y agoIn BTC terms the USD is doing pretty well this week.