Post
Topic
Board Economics
Re: My challenge to bitcoin
by
basyang
on 03/10/2018, 12:23:09 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


If you will ask me if you are wrong about your opinion. I would say that your opinion is right, no opinions in bitcointalk are wrong because it is our own point of view and we can say what we want, we can analyze a different aspects about it. But I am confused if you did not like bitcoin why are you here? Or you want to know some different opinions of bitcoinist on this matter.