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REPORT ABUSIVE REPLY
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Message Subject
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Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
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Poster Handle
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Anonymous Coward |
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Post Content
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That CEO of Microstrategy is 110% all in on bitcoin.
Dude is wicked smart, and he makes very good arguments.
He could be wrong, or he could be right. I guess we'll find out eventually.
Funny thing about these bitcoin headlines, prices move so fast that they're practically obsolete by the time they trickle down to us.
Quoting: CharlieFoxtrot Can someone explain why this bitcoin has any value? I'm not trying to be an ass, but I just don't get it? It's based on what? people's good will and trust in the coin, nothing different than FIAT money, with the only difference that the Dollar is backed by the USA Government, Treasury and its military, unlike this scam The problem with fiat is that there is no real check on a government's ability to inflate. They all fall into the temptation of overprinting. Bitcoin is similar to fiat, but it is one where it cuts out the middle man and there is accountability built in...you cannot just inflate it away. So it is far more attractive than fiat in that you get the benefits of fiat without the downsides of fiat.
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