Post
Topic
Board Economics
Re: The US Dollar has DEBT and Bitcoin has none
by
chocolah29
on 03/09/2018, 07:00:00 UTC

The founder of Bitcoin understood this: He was and is a genius!


We can think that Satoshi Nakamoto had no idea that bitcoin will be a mainstream like he/she just started from a scratch and likely should be use as a currency. And since bitcoin had seen a potential it drawn attention to people and that what made bitcoin valuable otherwise an asset.

Is the dollar comparable to the BTC? The dollar is a fixed legal tender, but the BTC is a speculative product and they cannot be compared.

You know it's hard not to compare because the value of bitcoin is always measure in dollars. Likely, we can't tell 1 bitcoin is $7200, isn't it? By the way, I'm talking about the monetary aspect.

Well the fact that bitcoin hasn't backed by anything, so in which it can't have a real debt like fiat.