Post
Topic
Board Bitcoin Discussion
Re: Do not be this type of Bitcoiner
by
Chairul Muttaqin
on 09/12/2018, 07:00:35 UTC
Haha.

https://twitter.com/francispouliot_/status/1049313082344988673?s=21

Quote
"Buying Bitcoin is about exiting fiat. It's a bet on the future collapse of fiat money financial system. Bitcoin is the only viable alternative. It's vastly superior as censorship-resistant medium of exchage, store of value, network effect, unit of account than all competitors."

He is taking it to the extreme. Why does Bitcoin need to be a "bet" on the future collapse if the established financial system? Does he want it to collapse? Does he believe that it will not encourage instability, disorder, and chaos? What about the other 99.9% of the population who are not Bitcoiners?


I don't pretend bitcoin as a bet, actually I am not that type of bitcoiner. I pretend bitcoin as a great chance to gain profit in the fluctuations price of it. Believe it or not, people are move from cash to digital money usage. Governments support electronic transactions which provide lower cost of maintenance and better supervision. If we talk in macro economy scope, the fiat money system was already create very big chaos, government always spend more money or create fiscal policy to balance the economy and improve it litle by litle but the inflation of fiat money always cause very bad impact to the economy. I personally prefer to save gold rather than fiat but  it is not practical. So I still need fiat as well. I hope there are medium of exchange that the price always moves in line with gold price. Believe me, our economy will be better.