Quote:
Originally Posted by Raekwon
Of course they are getting on board, who wouldn't want to fleece people out of their money in exchange for a digital currency with no physical backing and the ability to swing the value to suit their agenda.
|
Your concerns are exactly what's wrong with fiat currency. There's nothing to back it up anymore, and it's all controlled by central bankers doing whatever the hell they feel like. There is no finite amount, so they just print print print.
Btw, outside of typical supply/demand, how exactly does someone swing the value of bitcoin to suit their agenda? You do realize it's not controlled by any central party, and every transaction is public?
Personally, I think there is value to having a bit of everything...fiat, gold, crypto, real estate. When you're a little guy, the macro trends are out of your control and you're floating in the same ocean as everyone else, waiting to see where the current will take you. All crypto is is a hedge against the current going in another direction.