Ninjastic
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Board Bitcoin Discussion
Re: What is being told to people in High Schools about Bitcoin
by
The_Dark_Knight
on 14/12/2016, 00:36:57 UTC
Quote from: Rastanan on December 13, 2016, 02:02:02 PM
Quote from: amacar2 on December 05, 2016, 06:36:51 PM
Quote from: sakinaka on December 05, 2016, 06:16:58 PM
1. That's illegal :
2. It will crash :
3. Anyone clear in its head wouldn't use it :

4. Bitcoin at a bigger scale would fail :

1. Government backed and regulated currencies are manipulated even more than bitcoin with unlimited inflation and US government printing dollars without anything backing it other than simple virtual trust on their economic power.

2. Pure manipulation only can't create such constant growth of bitcoin price, the growth we are seeing is just natural which corresponds to increasing demand where as supply is limited.

3. Anyone clear in its head would buy bitcoin and store it for future.

4. Bitcoin at a bigger scale will actually get more success and value that it has right now, more community support means stronger bitcoin network.

Look at the currency in India and a Venezuvela, the governement can easily confiscate people's wealth.
And that is when they use their economic tricks to separate you from your wealth, in some parts of the world things are a lot more direct and government officials will steal from you like the thieves they are.