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Old 12-02-2020, 10:51 PM   #677
JohnnyB
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Quote:
Originally Posted by afc wimbledon View Post
Oh I'm open to it I am just waiting for someone to explain it, why would the world need to use bitcoin? I get why the world needs Tesla, the price maybe nuts, the company might get wiped out by other cars but the basic premise is clear and makes sense, they make a car, bitcoin doesnt to me and so far no one has made a case for it, in fact they havent even tried, mostly they said 'look how high it's going' which is as I pointed out the opposite of what you want in a currency and a few examples of places that will take bitcoin, but no particular reason why you would use it other than novelty value, can someone explain what bitcoin does that you cant do with other currency's, when I go to the states I go to the bank and take out US dollars, that is the reason for the US dollars existence, its legal tender in the worlds largest economy, that's it but it's enough, why does the world need, not could use but need, bitcoin? Because that need is what separates bitcoin from Beenie Babies, Beenie Babies used to be worth a fortune, people made a mint buying and selling them, the price skyrocketed right up to the point the whole world went 'hey wait a minute this is just a 3 dollar stuffed toy!!'
I'm not going to try to persuade you. The info and analysis is out there and you can make your own judgment. Why ask people here when there is plenty of freely available expert analysis?
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