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Is the attack on all non-state currency-like instruments is they "require" new "investors" to prop-up the value? Isn't it the case that many speculators are att
by doggodaddo78 5y ago
Is the attack on all non-state currency-like instruments is they "require" new "investors" to prop-up the value? Isn't it the case that many speculators are attempting to monetize while it is ultimately a meaningful, useful currency-like instrument created accidentally? Even if it was created as a joke, it's still useful if it can be transactionalized for commerce.
- RivieraKid 5y agoCrypto will never be competitive with official government currencies, it has almost no advantages except rare situations. Official currencies are stable and extremely low-risk. This is only possible thanks to the monetary policies of central banks. Bitcoin can never have this level of stability or safety, because there's no central authority which manipulates the price.