‘capitalism vs communism’ perhaps…
but without a grid power network, internet, computers and software you won’t have any bitcoin
Actually most of us are just here to make a couple bucks.
Or ‘money in the bank’ either. ‘How to wipe your savings at the flick of a light switch’…
I think this is why most people have bought it. I won’t call it an investment really, because there really aren’t any fundamentals to look at to determine if the future value will go up or down. For me, it’s more gambling than investing, but I’m sure some will disagree.
But as an actual everyday currency, which was the original intent from what I gather, I don’t see that happening at all here in the real world. I know it can be used that way, but I’ve yet to have any customers of mine ask to pay in any form of crypto, and I don’t see businesses here give any indication that they would accept it. In everyday life here, it’s a non-event.
I think this is why most people have bought it. I won’t call it an investment really, because there really aren’t any fundamentals to look at to determine if the future value will go up or down. For me, it’s more gambling than investing, but I’m sure some will disagree.
But as an actual everyday currency, which was the original intent from what I gather, I don’t see that happening at all here in the real world. I know it can be used that way, but I’ve yet to have any customers of mine ask to pay in any form of crypto, and I don’t see businesses here give any indication that they would accept it. In everyday life here, it’s a non-event.
I think this is why most people have bought it. I won’t call it an investment really, because there really aren’t any fundamentals to look at to determine if the future value will go up or down. For me, it’s more gambling than investing, but I’m sure some will disagree.
But as an actual everyday currency, which was the original intent from what I gather, I don’t see that happening at all here in the real world. I know it can be used that way, but I’ve yet to have any customers of mine ask to pay in any form of crypto, and I don’t see businesses here give any indication that they would accept it. In everyday life here, it’s a non-event.
Does anyone really think the US govt is going to try to shut down crypto now that major financial institutions are on board? Who do you think is really calling the shots here?
If you think you’re diversified in your assets but don’t own BTC or ETH…
Does anyone really think the US govt is going to try to shut down crypto now that major financial institutions are on board? Who do you think is really calling the shots here?
It may well be wise to diversify into some CCs, but I would say that it is the governments, BIS, and central banks that are calling the shots, not the (by definition subservient) banks to which you refer. And until those dominant forces get on board, I would suggest that serious risks remain.
Subservient banks like Goldman Sachs where we get all of our Treasury Secretaries and the head of the SEC? Don’t make me laugh
Everyone knows that GS and Black Rock, etc., have gained tremendous power, but it is still a tail wagging the dog scenario. When push comes to shove, no bank is ultimately going to call the shots.
I'm delighted for anyone who has made money in the crypto space, but do not see why any government that issues its own currency would ultimately embrace a CC. And they have the ultimate power, at least until all confidence is lost.
The government can’t destroy it. They can make it difficult to use, but the more they use heavy handed tactics, the more they illustrate the reason it exists in the first place.
They may not be able to destroy the claims to the coins, but they can make it almost impossible to use practically.
I do agree that CCs have awakened a huge number of people to the problems with fiat currencies, and that is undoubtedly a good thing.
