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> here what you don't know - how long is that situation going to hold up. And how exactly does Bitcoin help to answer that question? Just looking at roller co
by jussij 7y ago
> here what you don't know - how long is that situation going to hold up.
And how exactly does Bitcoin help to answer that question?
Just looking at roller coaster ride that is the Bitcoin to USD exchange rate suggests it is an extremely volatile currency.
I would suggest that the last thing you would want in a currency system is extreme volatility.
- joe_the_user 7y agoI agree, my reply was simply to the claim that one does not have to understand money to use it. If anything, I would say that an understanding of money would show that it's based on a web of trust and so bitcoin indeed solves no problem of money as such and is effectively some combination of Ponzi scheme, money laundering scheme and ideology.