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Message Subject Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Poster Handle Anonymous Coward
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Ill say it again. If crypto currency is to replace our worthless dollar, a question. If the bitcoin is worth $52,000 worthless dollars, isn't is value worthless? So if you think it will replace the dollar, how will you spend it? My guess, the bitcoin will not actually be used in transactions. Rather, A paper currency with bitcoin as its base will be used. Like silver and gold certificates at one time for the dollar. It was ill be odd as its value fluctuates wildly. So your $100 bitcoin certificate may drop or shoot up while standing in line to buy your groceries. It maybe a CC bitcoin account. Oh and BTW, how is its value determined? I realize the dollars value changes with economic cycles,inflation etc. However, you don't see 20-50% alterations over days. I smell a pyramid scam. Dip your bread in the gravy while its warm and bail. Or not. It just smells.
 
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