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Message Subject Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Poster Handle Anonymous Coward
Post Content
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.
 Quoting: Anonymous Coward 75583697


You can value anything in anything. Currently, gold is trading at a price of 35,000 squirrel farts.
 Quoting: Anonymous Coward 2492899


No you can value bitcoin in squirrel farts because like squirrel farts, bitcoin is nothing, it not even smells. On the other hand, especially silver has immense worth and can decide if you live or die. Of course if you value you're life at zero or nothing, then I agree Silver will be worthless for you.
 
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