Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is more real than money in the Bank
by
germsite
on 06/08/2021, 20:21:27 UTC
Isn't that stealing?

Yes, it is.

Government resent bitcoin because they can't control it like they did in 1971. Very soon, it will be illegal to own bitcoin in some countries, not because bitcoin is bad, but because bitcoin gives you the power to own your money. Bitcoin is more real than your money in the bank. Be your own bank by investing and learning about bitcoin.

I wouldn't say real, I would say more valuable. After all, most fiat money is digital, just like Bitcoin. The difference is that Bitcoin has increasing value due to scarcity and fiat decreasing value due to mass printing.

I wouldn't be surprised if some countries ban it, but I think it will happen to them like China when it refused to switch to the gold standard and continued with silver.


True, perhaps a more appropriate word is bitcoin is more valuable than fiat money, maybe because bitcoin can increase in value because of its scarcity, while fiat money is not. But I hope that one day bitcoin is not in the hands of the government, if that happens we can't do everything ourselves and at will.

I would argue that Bitcoin money is in fact more real. The reason being that inflation can destroy over night what you thought has some value to you the day before. We have seen that with hyperinflation where people needed millions or even billions to buy a loaf of bread. That is one going to happen when Bitcoin completely fails, gets hacked or attacked in such a way that trust will be fully destroyed. Other than that Bitcoin is indeed more real than money in the bank.