I'd rather a fiat currency than Monopoly money

Jan 26, 2015
5:38:20am

AxelDC

The US dollar is backed by the US Federal government. Bitcoin is backed by what exactly?

If the US government falls, you will have bigger issues to worry about than your investment. If Bitcoin fails, well, when it fails...

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AxelDC

Bio page: AxelDC
Joined: Dec 27, 2006
Last login: Mar 21, 2024
Total posts: 12,959 (287 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.

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