Post
Topic
Board Economics
Re: My challenge to bitcoin
by
vixcious
on 03/10/2018, 13:00:28 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 an electronic currency and we can still use it to pay in some places and food service. I'm guessing that your country has no more paid services by bitcoin and that is the first disadvantage. But please be patient and invest in Bitcoin, in the future Cryptocurrency will certainly spread around the world for its convenience.