Post
Topic
Board Economics
Re: My challenge to bitcoin
by
Blue Bell
on 01/06/2018, 19:48:53 UTC
I created a 6 minute youtube video to explain why I don't like bitcoin, but let me sum it up.  I see the us dollar as a debt backed currency.  Banks create money through loans, which are in turn backed by houses, cars, and people's incomes.  Everybody seems to think the us dollar is a faith based, or something, but I don't see it that way.  I see it as a fully backed currency, not too much different from being a gold backed currency.  Where am I wrong?

https://www.youtube.com/watch?v=jujwQkhnoU8

Bitcoin is better than a dollar. Sooner or later the dollar will collapse.
Instead of the dollar, the government plans to introduce a new currency.
Yeah bitcoin is much better than dollar and it has more capacity than faith money like rupee and dollar, now a day bitcoin has more profit than any other currency as it is being use as an investment as well to any for goods online, everything that money has been doing is now happening with bitcoin along with high profit and saving so all these things makes bitcoin more valuable than dollar and other currency.