Post
Topic
Board Economics
Re: My challenge to bitcoin
by
Chicksteen
on 17/10/2018, 05:31:48 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

Hopefully your video would not be the thing which contributes to the global bitcoin dump, because I am strictly persuaded that the more we have those videos or those rumours, the lower the price came.
Even this video support on negative view, we have to study it right. I hope that it won't change the mindset of everybody and still accept the used of bitcoin. We have not change and leave bitcoin because of this video, there is still big potential from it which we benefit no matter what as we accept it. It is additional knowledge about bitcoin and how it really risk.