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Bitcoin's value will move towards zero as more governments make it illegal, just so they can roll out their own central bank's crypto.
by cardosof 4y ago
Bitcoin's value will move towards zero as more governments make it illegal, just so they can roll out their own central bank's crypto.
- alangibson 4y agoBitcoins best use case has always been in illegal trade. My guess is it'll retain some value due to use in the drug trades, etc
- cardosof 4y agoDon't forget Ethereum for money laundering through NFT auctions.
- alangibson 4y agoYea, you've gotta have some way to sell your unlicensed securities.
- jl6 4y agoWhat does central bank crypto even mean?
- timbit42 4y agoIt means digital money, controlled by a country's central bank the value of which is tied to the country's fiat currency. Of course it requires cryptography to make it secure, but it's not like Bitcoin which is not centrally controlled and the value of which is not tied to any fiat currency.
- kwertyoowiyop 4y agoI’ll trust the upcoming CCP digital currency more than Bitcoin.
- timbit42 4y agoI would agree the value of the CCP digital currency would be more trustworthy, ie. stable, than Bitcoin but it would be easier for a government to take the CCP digital currency from you than the Bitcoin.
- XargonEnder 4y agoIf you want to keep trusting it over time then you can never criticize the CCP or they will take it from you.