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I don't know much about the subject, and I'm one of those that misses the entire point of bitcoin itself and other mined cryptos... but if 1 BTC = 1 BTC, why is
by libertine 6y ago
I don't know much about the subject, and I'm one of those that misses the entire point of bitcoin itself and other mined cryptos... but if 1 BTC = 1 BTC, why is it being always indexed to USD?
I doesn't seem to make sense to say 1BTC = 1BTC, when people reference it's value to regular currency.
- joshxyz 6y agoBy 1 BTC = 1 BTC I mean humans can print USD, which inherently decreases the buying power of all existing USD. Can't do that with BTC.
- libertine 6y agoI understand that, but my doubt still hasn't been cleared - if BTC is referenced to USD, then if you print more USD then doesn't it also decrease the buying power of all existing BTC?