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> Bitcoin looks over-sold right now Loads of talk for crypto for years now. They yet unproven, and it seems its more about speculation than use at the moment w
by Gustomaximus 6y ago
> Bitcoin looks over-sold right now
Loads of talk for crypto for years now. They yet unproven, and it seems its more about speculation than use at the moment with very little high street economic use.
Im mixed as it seems the future....because tech, but also consider governments use localised currency to profit + control economies.
And currency by nation actually adds a really good buffer to shifting world economies, monetary policy, debt payment etc and could cause serious issues if bitcoin became the global trade currency. There is a reason we dont all use USD, and you see how failing nations actively fight their economies from using USD or another nations currency.
Why would the world governments then allow bitcoin or other? Maybe cause it gets too big and cant be stopped without annoying voters? Maybe there is some failed state event with major nations and people rush to it? But assuming the world continues along within reasonable ups/downs, why would people you move to bitcoin as day-to-day from a practical sense and why would governments not strongly resist this?
Apologies if overdone topic but curious why people believe in the fundamental of use vs speculative price growth.
- Graffur 6y agoYou can move value between two parties without a third party allowing you to do it. That's the proof. Whether you value that or not is not important.