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Just because someone doesn't like Bitcoin doesn't mean it's a misunderstanding because they're privileged. Bitcoin IS a terrible currency because it's volatile
by exclusiv 6y ago
Just because someone doesn't like Bitcoin doesn't mean it's a misunderstanding because they're privileged.
Bitcoin IS a terrible currency because it's volatile. Really the worst aspect to have in a currency.
Also, your statement alludes to Bitcoin being the one true way, as if there are no other options for third world countries.
Volatility in a currency is a terrible idea and it gets even more terrible of an idea when utilized by people with little money.
Can you explain how a volatile thing like Bitcoin is a reasonable currency for third world countries?
- neop1x 6y agoFiat money is also volatile like crazy. Look at various forex pairs. USDCZK for example had 22% change in the past year and both are "stable" currencies.
- exclusiv 6y agoYou're talking about exchange. But even in that example, it's not anywhere near the equivalent of going from ~17k to 3.5k, then up to 45k+ as bitcoin.