Re: ‘Bitcoin Is Not Money’ Because We Cannot Print It – Banks
Bitcoin Is Not Money Because We Cannot Print It Banks
https://blockpublisher.com/bitcoin-is-not-money-because-we-cannot-print-it-banks/
And yet another other attack, but seriously flaw argument coming from banks. But that's fine, hearing this kind of arguments make me think that they are really threaten by crypto and afraid that one day all of them will become obsolete, or least majority of people will go to crypto, specially bitcoin.
That is indeed a very unfair excuse not to recognize Bitcoin Quote
Bitcoin is not money, the European Central Bank published a statement regarding bitcoin as not being a monetary asset. These words from the bank are immensely harsh for the crypto community. The crypto analyst and investor, Joseph Young suggests that the bank has released the statement as per the crypto assets being unprintable. Though this is an absurd manner to qualify a monetary asset as money, the bank does praise the technology in the working behind bitcoin. The technology, being the entire crypto protocols, most specifically, decentralization is breakthrough and can make up for some decent projects in the future.
https://blockpublisher.com/bitcoin-is-not-money-because-we-cannot-print-it-banks/
And yet another other attack, but seriously flaw argument coming from banks. But that's fine, hearing this kind of arguments make me think that they are really threaten by crypto and afraid that one day all of them will become obsolete, or least majority of people will go to crypto, specially bitcoin.
Gold used to be money, yet one could not print it. And coins are technically not printed as well, so what, now only banknotes count as money? I get that the point is in being material but still. PayPal money is not material, though, right? It functions as money nevertheless. And materiality really should not matter in the contemporary world of technology and innovation. What matters in the value attributed to something, and the willingness to exchange this something for goods and services. Bitcoin meets these criteria more and more.