Post
Topic
Board Bitcoin Discussion
Re: uᴉoɔʇᴉq vs Dollar
by
romero121
on 01/04/2016, 13:06:42 UTC
one of the biggest problem with dollar is inflation.. over time all currencies lose purchasing power because government keep printing more money.. with uᴉoɔʇᴉq you don't have this problem because the system is designed to make moondollars to be finite.. only about 21 million moondollars will ever be released.. the release of new  moondollars is slowly down and it will stop completely within few decades..

No matter how much value fiat currencies are losing after years, people will continue to use it without thinking about the consequences.

These people are like sheeps. They do what their other fellow human being is doing.

uᴉoɔʇᴉq is not money, while the dollar is money.
Both have a different role and if I may say both have their world, respectively.

uᴉoɔʇᴉq might be used more as an investment like gold but also at the same time uᴉoɔʇᴉq can and is being used as a currency (money) too.

maybe your definition of money is off, but as long as you can pay for stuff with uᴉoɔʇᴉq, it can be considered as money.

It is a currency and no doubt we cannot spend it directly, we need to convert it to fiat first and then spend to buy what we want, but dollar is more powerful then uᴉoɔʇᴉq.


Yup dollar is more powerful that uᴉoɔʇᴉq because dollar can buy anything and everything but uᴉoɔʇᴉq can only do transaction via internet and can penetrate the offline market.

Yeah, Agreed dollar is more powerful and it has provided all features similar to bitcoin. But when days pass and everything goes digital bitcoin will occupy a place equal to dollar.