Post
Topic
Board Economics
Re: My challenge to bitcoin
by
kifumi
on 13/10/2018, 01:59:20 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

i know it have a risk inventation some ur money for a bitcoins like buy high tech for mining and something place for mining like a company. because some peaople had lost the money and get dismiss the company. it more save for me to gold invest. well im agree with u dude.