totally whiffed on crypto.
at least 130 countries are working on developing national cryptocurrencies.
Bitcoin goes from $15 to $62,000 in ten years
crypto market cap goes from $11 billion to two trillion dollars in ten years.
The only people calling crypto a failure are ig’nant or covered in salt.
Crypto is a speculative market. That doesn’t make it a good currency - in fact, it makes it a very bad currency. Bitcoins changing in value so much and so rapidly makes them awful for use as a daily currency, and they’re backed by fiat currencies anyways because otherwise, they’d have no value.
The only reason people care about crypto is because they think they can make a lot of money off of it when they hand the bag off to somebody else.
“[Fiat currency] is a speculative market. That doesn’t make it a good currency - in fact, it makes it a very bad currency. [Dollars] changing in value so much and so rapidly makes them awful for use as a daily currency, and they’re backed by [gold] anyways because otherwise, they’d have no value.”
yes, yes, go on.
“The only reason people care about [fiat] is because they think they can make a lot of money off of it when they hand the bag off to somebody else.”
It’s good that fiat currency never really got a foothold or it looks like you wouldn’t have any argument.
Bitcoin dropped 0.68% 2 days ago, rose 1.13% yesterday, and has dropped 0.93% today. By comparison, the dollar dropped 0.00995% in the last 24 hours compared to the Euro, with the largest change being a +0.14703% change compared to the Australian dollar.
On Jan 1st, 2018, 1 bitcoin was worth $15,196.60. One year later, it was worth $3,851.92. As of this moment, it’s worth $61,721.47, has dropped 6.11% this week, and gone up 10% in the last 30 days - making it worth $5,613.31 more than it was at the start of September.
Since 2017, 1 bitcoin has gone up 1,291.05% in value. 1 USD in 2017 is worth $1.28 today - an increase of 28% over 7 years and an average inflation rate of 3.64%. The current inflation rate compared to the end of last year is now 2.53%. If this number holds, $1 today will be worth $1.03 next year.
Tell me which one is the more stable currency to base your product’s prices on. Pricing things in Bitcoin is like pricing them in stocks.
at least 130 countries are working on developing national cryptocurrencies.
CBDCs aren’t cryptocurrencies.
As for the rest, “It’s good because it’s making lots of money” isn’t as persuasive an argument as you think it is.
“CBDCs aren’t cryptocurrencies”
Love to hear how you think cryptographic digital currencies aren’t cryptographic digital currencies.
“As for the rest, “It’s good because it’s making lots of money””
cryptocurrencies are exceptionally popular tech with very active communities developing new technology that is constantly gaining popularity and value.
by your flawed metrics, solar power is “hype”.
Neither of the C’s stand for cryptography and they don’t even require a blockchain, but can use one.
Love to hear how you think digital currencies aren’t digital currencies.
Not all digital currencies are cryptocurrencies. CBDCs are digital implementations of government-backed fiat currencies. If you don’t understand the difference I don’t have time to try to convince you, sorry.
by your flawed metrics, solar power is “hype”.
Solar power produces energy. Cryptocurrency produces nothing and wastes energy doing it.
