Quote:
Originally Posted by afc wimbledon
The only use for B/C as a currency is if you are laundering/moving drug/black market money, it is perfect for that because you already assume a 50% loss through any laundering process so is still worth it, now there are a lot of black market users in the third world but no ordinary person anywhere is going to risk a 10 or 15% loss in normal use, let alone the vast risk of theft on top of the wild swings in price, a currency has to be reasonably stable over 2 or 3 month periods to be usable, you can't draw up a contract for delivering say 3000 buggy whips in 3 months if you dont actually know whether it's going to be up or down in value by 20 or 30%, most of the 3rd world uses US dollars for that very reason, they cant even risk the minimal comparative price fluctuations with an Argentinian Peso let alone crypto
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So have you shorted bitcoins miners and coinbase yet ? You seem pretty sure it’s garbage (as is your right - everyone can have an opinion - and you may be correct ) - go get rich vs constantly repeating the exact same post for a year - Bitcoin is only used by money launders and thief’s !
Or is it Homer Simpson’s syndrome “ Everybody is stupid but me “
