Quote:
Originally Posted by dino7c
That is Canada, one of the worlds most responsible governments...still nothing is set in stone
Remember BTC is a worldwide currency...rules need/needed to be set in stone. Talk to someone from the Philippines or Macedonia, try paying people in these places.
Bitcoin may not be useful for some of you but as a tech business owner with global clients and employees Bitcoin has an everyday practical use for me.
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I never stated Bitcoin doesn't have any purpose, I use it for certain purposes and I have investments in both my TSFA in Eth and in multiple cryptocurrencies. Right now in Canada, liquidity of cryptocurrency is a huge issue, but TMX may solve that at some point. Which is why I don't use it as much anymore.
But saying Bitcoins rules are set is also not true, the network can change its rules, which could cause a hard fork which could cause more chaos then a FIAT currency being devalued.
Canada has motivation to keep its curency at about 3/4 of the US dollar due to our trade relations, so it tries to do this. As for Philippines or Macedonia those two examples ignore posts, there are lots of currencies that have ####ty rules as well, and in those countries a secondary FIAT currency usually is used like USD.
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