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Jan 25, 2015
10:44
:32
pm
monteburns
The value of the dollar is backed by the US' economy's ability to produce.
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monteburns
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monteburns
Joined
Sep 16, 2004
Last login
Apr 25, 2024
Total posts
10,935 (361 FO)
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Messages
Author
Time
Bitcoin's value has plummeted 36% in the past 2 days.
BluePete
1/25/15 10:20pm
Yeah because our current manipulated currency is so much better.
vacougfan
1/25/15 10:22pm
But it sure can disappear from theft time and again without any recourse.
BluePete
1/25/15 10:24pm
The value of the dollar is disappearing every second of every day.
vacougfan
1/25/15 10:25pm
except Inflation has been basically non existent for a while now
cougarfann888
1/25/15 10:27pm
I'm sure that will continue.
vacougfan
1/25/15 10:29pm
Does the currency EVER stay stagnant, or is movement both natural and healthy?
BluePete
1/25/15 10:30pm
Umm...against the Japanese Yen (economy next in size to ours)...
BluePete
1/25/15 10:27pm
I'm not even arguing for Bitcoin. just saying it's actually something "tangible"
vacougfan
1/25/15 10:32pm
The value of the dollar is backed by the US' economy's ability to produce.
monteburns
1/25/15 10:44pm
The "tangible" value of the dollar is that you need dollars to pay your taxes
cheezedawg
1/25/15 10:50pm
Have you looked at what the dollar did prior to the creation of the Fed?
cheezedawg
1/25/15 10:48pm
Inflation is not a problem if your wages keep up
AxelDC
1/26/15 5:40am
In the flip side, inflation hurts middle class people because it devalues
HighHorse
1/26/15 6:08am
I'd rather a fiat currency than Monopoly money
AxelDC
1/26/15 5:38am
Hey now! Bitcoin is backed by all of the drug-dealers and hitmen who lurk on
Bert609
1/26/15 6:15am
I've never understood Bitcoin.
BIG XII Coug
1/25/15 10:51pm
This exchange in the comments of the article cracked me up:
cheezedawg
1/25/15 11:03pm
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