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Lol a compelling argument for what? Like as an investment?
by eli 4y ago
Lol a compelling argument for what? Like as an investment?
- 93po 4y agoCompelling against the US dollar which is "printed" by the trillions and is constantly losing value based on arbitrary decisions of people with effectively no accountability
- Nursie 4y agoGood job nobody's advising you to invest in dollars then! FYI the 'trillions printed in the last two years!' line is a meme, not a reality, and those running the currency are accountable democratically, in a way that cryptobros are not.
- hem777 4y agoThose running crypto networks are accountable legally. Those running the currency are not.
- Nursie 4y agoI think you have that backwards. Those running the currency are accountable to the democratic system of the countries they operate within, even if they are not directly elected. Those running Bitcoin mining and nodes are accountable to nobody.
- oblio 4y ago> Those running crypto networks are accountable legally. How? Aren't 99% of cryptocurrencies unregulated, ergo Ponzi schemes, pump and dump, trades by the same (hidden) identity? That's also a feature why a lot of people and finance institutions are drawn to them. Plus, did anyone take to account Ethereum, for example, for forking it?
- 93po 4y ago> those running the currency are accountable democratically Except they can't be fired, and there's absolutely zero pressure for a presidential candidate/sitting president to hold this person accountable.
- shapefrog 4y agoThe thing is banks dont have lots of their own money, why would they give a shit about the value of the unit they do their accounting in?
- eli 4y agoI don't even understand what you're arguing for. Accounts at the bank would still be denominated in dollars, right?