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Don’t agree with what he says let’s attack his intellect... “originates from the fact that it escapes his alleged ‘expertise’” “he’s basically clueless on the
by Ecstatify 6y ago
Don’t agree with what he says let’s attack his intellect...
“originates from the fact that it escapes his alleged ‘expertise’”
“he’s basically clueless on the topic”
- mamon 6y agoHe says that bitcoin has "no intrinsic value" and he's wrong about that, because value of something is not decided by financial experts, but by people willing to pay for it (even if those people are criminals looking for new ways to launder their money). He has also been predicting that "Bitcoin bubble will burst" for the past few years, and he's been wrong about it so far. So yes, I would say he is clueless when it comes to Bitcoin.
- Ecstatify 6y agoFiat currencies have no intrinsic value so how is Bitcoin different? It crashed in 2018, it lost 65% of its value.
- jokethrowaway 6y agoBitcoin doesn't have a government and armies defending it. If tomorrow your government wakes up and make "dangerous cryptocurrencies" illegal because "criminals use them" they can do that. The reason Bitcoin value is skyrocketing is mainly speculation. People buy because they want to get rich and quit their crappy job. There is literally nothing that can't be replicated tomorrow and have the same technological characteristics of Bitcoin. Actually, other cryptocurrencies are even better. At some point, governments will have their digital cryptocurrencies to track you even better than with the current system.