Post
Topic
Board Bitcoin Discussion
Re: THIS CRASH IS DIFFERENT than previous crashes... The FEDERAL RESERVE is why....
by
tadamichi
on 30/06/2022, 09:03:06 UTC
 
You are VERY WRONG...   US Dollars has the assets and the full force of the US Government, Its assets / Military / law behind it, so there is some backing even if it is not enough....  Even with all this advantage, fiat currencies eventually go to zero anyways.
Advantages? You need one of the most corrupt organisations in history to enforce this thing, that will go to 0 anyways. Does it sound sound natural if it was really a sustainable working system? This is a sign of poor design, not an advantage.

Wouldn’t an ideal money be used voluntarily? Because it could store everyone’s wealth better, acts as a worldwide medium of exchange, and is a better unit of account. Being beneficial to everyone and making trade easier for the economy on a whole. You don’t need to put a gun on someone’s head if you’re really offering them something beneficial, it’s the opposite you put a gun on their head if you want them to do something that is against their own interest/ benefit. If it was beneficial to them they would start to use it voluntarily, after they understood it. In fiat they don’t even teach most of the population how it works. Coincidence or is it better for fiat if no one actually understands how it works? You’re literally supposed to not understand how it works, just use it and then shut up. And if you don’t they force you. Does this indicate an advantage, or something that is wrong with the thing they designed?

Something i noticed is that Bitcoin haters tend to be conformists that love to be dominated/ want their life dependent on authorities.

Bitcoin has NONE of this behind it, Bitcoin is worse and weaker than FIAT, it is nothing more than a Crypto / Ponzi Scheme.  
If it was weaker than fiat, so how did it survive everything so far? Against the organization you mentioned above.

NOTHING backs Bitcoin but what some greater fool will pay for it.  No one has come up with any use case for Bitcoin when the day comes that people will not pay for it anymore  Lips sealed
Nah, you should come up with a reason why people won’t pay for it anymore. Im waiting.