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it fails as a store of value and therefore is not money which is obvious given its volatility. Bitcoin is best described as a computer programme which sells its
by marginview 13y ago
it fails as a store of value and therefore is not money which is obvious given its volatility. Bitcoin is best described as a computer programme which sells itself on features written to provide assets to those with the mindset desiring such assets - libertarians, those anti fiat currencies, Austrian economists (more recently now gold is letting them down) etc... Such mindset are sure to only increase given the Wall St ownership of the Federal reserve so Bitcoin will continue to sell until its technology is made obsolte. If that takes years then bitcoin $100,000 soon enough but if tomorrow then hello bitcoin $0
- VexXtreme 13y agoWhat would make BTC obsolete?