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by biaxident
5126 days ago
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The title of the actual article is "With Euro Instability, Can Bitcoin Now Compete with Hard Currency?". It's a question, where as this title was submitted without the 'can' and is therefore posed as fact, which is misleading. |
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I find that people who believe that 'Bitcoin' could replace an actual currency don't actually understand what 'currency' actually is. As a criminal 'marker' system I think Bitcoin excels in all of its goals, but without understanding that a nation's currency is a marker for its economic capacity, you can't make durable statements.
And the Euro isn't "melting down" by the way, it is the fact that the economies that are tied to the Euro have some unsustainable fiscal policies. And correcting those policies is politically hard, so between now and when the corrections are in place, the Euro tries to price the actual economic capacity.