Post
Topic
Board Bitcoin Discussion
Re: Why people are comfortable investing in government controlled investments
by
Fortify
on 10/07/2021, 17:54:16 UTC
Just think about it a little.  Roll Eyes

You know that whatever happens with your government controlled investment, you will have a safety net from that government. History has shown us how governments have bailed out Banks and/or injected millions or even Billions of tax payers money into economies to protect it.


You sound very naive and under-informed on how the world works. Governments should just be the centralized workings that keep a country running - making laws, organizing taxes to support vital services, maintaining emergency services, etc. They use a centrally pooled group of funds from various taxes to achieve those aims and should be able to do it much more efficiently (because of the larger scale) than smaller regional equivalents could provide. Money is just a store of value that can be traded for goods and services in countries that accept that currency. I don't know why you think Bitcoin, which has no government centralized support, would ever be eligible to receive any funds from any government. Would you suggest that people who invest in gold are somehow compensated when the price drops? The whole idea is absurd.