Post
Topic
Board Bitcoin Discussion
Re: Let's bury Bitcoin and cryptocurrencies once and for all
by
HasHe
on 30/12/2017, 22:24:54 UTC
Exposing crypto currencies as ponzi schemes and showing that they never had nor ever will have anything to do with money is an incredibly easy task to do. All one needs to do is to look at one simple concept -the concept of number. A number is defined as a mathematical object used to count, measure, or label things. Now, given this concept let us ask one simple question: What 'thing', is measured, counted, or labeled, with the number called bitcoin?
.... the rest you can watch in this short Youtube video:
https://youtu.be/gcNngl8fCUY

And what is money? It only recognizes papers as a value. Why BTC can not be money. It's a contractual issue. Depends on demand and supply ...
Yes.Money is just a small piece of paper.USD is published and issued infinitely and it is not backed by gold.Bitcoin is far better from that.It gives assurance that the concerned person only is the owner of that num ber,i mean bitcoin and it is free from inflation.It could not be devalued as it was done by indian government by devaluing high value notes.