Check your financial privilege buddy. You may think that because you get paid in the world reserve currency with low inflation. Others are not as lucky, and this won't always be the case. Heard about de-dolloraziation?
And Bitcoin is so stable and international accepted and not able to be attacked by a 50% attack that it's better to use in a crisis than gold and food?
Have you seen someone trading worthless money into BTC in a crisis? No you have not.
Either you keep Bitcoin and start really using it globally or this argument is wrong.
Stability is an illusion. Everything is fluctuating in value every day. Some would argue that given bitcoin's fixed supply, it could be an asset against which everything else value can be measured accurately. An economical measuring stick, if you will.
> International accepted
Yes, except China!
> 50% attack
Buddy are you still in 2013?
> Crisis
Yes, there are some accounts of people fleeing the Ukraine war with their savings in a USB stick, Bitcoin sure is great in a time of crisis where criminals would be on the look out for shiny metal!
> start really using bitcoin..
What are you talking about? I'm using Bitcoin right now! I use it every day especially when I am soundly asleep knowing that my Bitcoin is safe and my purchasing power will grow in the long term.
I'm honestly not sure if this is rhetoric that's coming from the point of view of like a die-hard cryptocurrency true believer free market US libertarian, or somebody that's fully on board with the Russian and Venezuelan governments' stated anti-dollar perspective on global economics.
The whole globe should be Anti-dollar (and anti-government money from any country)! What gives the US the right to the global reserve currency and the power to export inflation?
Whatever you get paid in, you can convert the money into whatever currency you feel like afterwards. (Unless your country has weird capital or exchange rate controls, of course.)
Moneyyyyy|2 years ago
Have you seen someone trading worthless money into BTC in a crisis? No you have not.
Either you keep Bitcoin and start really using it globally or this argument is wrong.
And you can see in El Salvador how bad it is.
HashBasher|2 years ago
> International accepted
Yes, except China!
> 50% attack
Buddy are you still in 2013?
> Crisis
Yes, there are some accounts of people fleeing the Ukraine war with their savings in a USB stick, Bitcoin sure is great in a time of crisis where criminals would be on the look out for shiny metal!
> start really using bitcoin..
What are you talking about? I'm using Bitcoin right now! I use it every day especially when I am soundly asleep knowing that my Bitcoin is safe and my purchasing power will grow in the long term.
> El Salvador
El Hodlador knows what long term means.
walrus01|2 years ago
HashBasher|2 years ago
eru|2 years ago
Perhaps you meant something else?