Post
Topic
Board Bitcoin Discussion
Re: Why Bit Coin Doesn't Work As A Hedge If Fiat Currencies Collapse
by
Nhazwrath
on 23/02/2021, 00:28:53 UTC
Bit coiners always be like:

"Bruh, fiat money is worthless and gonna collapse. Get bit coin bruh"

Okay, so what will bit coin be worth when fiat is worthless?

Can any coiner honestly answer how your shitcoin has value if the fiat money it's valued on is worthless?

It's hilarious because no bit coiner can ever answer this question.



The reason you don't understand whats going on here is due to the fact you are confusing value with price.    Example.   Does the air you breath have value?  What does it cost in fiat?   Price and value are Not related.  Price is An Attempt to Value something.   So if fiat hits zero does bitcoin have value still?   

Why yes it would due to the fact that while its price may Move around,  its Value is intrinsic to its nature as decentralized, fairly anonymous, and currently unhackable and of limited amount so you can't keep printing it more of it when ever you decide to.  If anything its value would probably go up.

When will bitcoin be valueless? is a better question.   I can attempt that one.   When the internet goes down for good that includes all forms of LAN Bluetooth and WIFI Laser and radio communications.