Do you consider gold a currency? I do not. Maybe it’s just a semantics thing

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Jan 8, 2021
9:25:54am

Mike Honcho Truly Addicted User

Do you consider gold a currency? I do not. Maybe it’s just a semantics thing

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Mike Honcho

Previous username: BYUCoug11
Bio page: Mike Honcho
Joined: Feb 27, 2011
Last login: May 4, 2024
Total posts: 54,009 (10,327 FO)

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Messages

Author

Time

I find it very amusing and sad that many on here are hoping for btc to be a

panacablue

1/8/21 8:33am

There’s no need for hope if it’s a fact.

Heath Squashwell

1/8/21 8:35am

You are not wrong. However...

LegitCoug

1/8/21 8:38am

Bitcoin, and crypto in general, has moved well beyond “gamblers”

Greg Kite's 'stache

1/8/21 8:51am

Heard a quote last night that reminds me of this-

crack

1/8/21 8:39am

I hope it's a bubble so I can buy in after the popped and get in on the next one

IrishBlue

1/8/21 8:40am

This is acceptable

maxpowers

1/8/21 8:46am

That’s right, it’s rational to get in front of bubbles.

grosven

1/8/21 8:53am

by every definition, by history of similar things/situations.. it is a bubble

relic

1/8/21 8:44am

It's a currency . . .

Gustav

1/8/21 8:46am

Not a very good one if it’s so volatile

KingDave

1/8/21 8:51am

BTC rise is a marker of increased money supply of fiat currencies.

jvquarterback

1/8/21 9:51am

It is not nor was it ever designed to be a currency, but that’s how people have started viewing and treating it

Mike Honcho

1/8/21 9:04am

Original whitepaper title: "Bitcoin: A Peer-to-Peer Electronic Cash System"

1/8/21 9:08am

Yes, the goal was to facilitate peer-to-peer, verified, non reversible transactions via a distributed ledger design.

Mike Honcho

1/8/21 9:18am

"cash" and "means by which transactions occur" both sound like currency to me

1/8/21 9:24am

Do you consider gold a currency? I do not. Maybe it’s just a semantics thing

Mike Honcho

1/8/21 9:25am

Not in modern times, from what I can tell gold is rarely the means by which

1/8/21 9:30am

Are credit cards a currency, then? Personal checks?

Mike Honcho

1/8/21 9:42am

Credit cards and personal checks are ways to transact with currency.

1/8/21 9:47am

Eh, I’m still not convinced. People don’t buy stuff with Bitcoin, they sell it for USD or a true currency and buy stuff

Mike Honcho

1/8/21 10:04am

We are talking about what it was intended to be, not other use cases that could

1/8/21 10:08am

<< Deleted >>

mokelembembe

1/8/21 8:51am

I wish nothing but success to CBers and their speculation. I am out of my BTC

grosven

1/8/21 8:51am

I want it to be a bubble so I can invest at a low point

mudpupper

1/8/21 8:55am

I don’t think it’s envy. I could invest in btc. I sit there asking myself

hansel

1/8/21 8:56am

Most of us are annoyed by hucksters, MLMers and get rich quick BTCers.

valleus

1/8/21 9:02am

It will go up long term, but it will have all kinds of bubbles and manipulation along the way

Mike Honcho

1/8/21 9:05am

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