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by quantadev
472 days ago
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All you tried there was two strawman arguments, or else you didn't carefully read my words. 1) I said BTC failed as a currency. And yes all the people currently holding cryptos are indeed claiming it's an asset, but they all have one thing in common: They gave their REAL money to someone else in exchange for nothing. You purchased a jar of air with the word "Digital Gold" printed on the side of it basically...with the reasoning of "If everybody treats this special air as Gold, then it might as well be Gold" 2) Neither Credit Cards nor PayPal are money. They are technologies for HANDLING money. A technology for handling a thing is not the thing itself. Not a hard logical axiom to grasp is it? |
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And it is. You can try and dispute and rage against this fact all you want, but it already is. One bitcoin now goes for over $80,000. It's the 9th largest asset on earth. Anybody who has ever bought any over the past 15 years made a bet that has more than extraordinarily paid off. You can deny it, but it won't stop being true. You can keep saying it's going to "pop" at any minute, but that doesn't mean that it will.