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aardvarkr | 3 months ago

So what makes a bitcoin worth $100k if it’s such a shit currency?

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dpark|3 months ago

Speculation.

A good currency is stable. Bitcoin has gone up over 5x in the last 5 years. This is not a good currency, though it’s certainly been a good speculative bet.

esseph|3 months ago

Used by wealthy Chinese to get more than $50k into the country at a time, bypassing Chinese law.

queenkjuul|3 months ago

You think each unit being $100k and fluctuating wildly is the mark of a GOOD currency?

kikimora|3 months ago

What is BTC inflation? How much BTC was printed by government in recent years? And of course - how much it grew in value?

In other words: * deflationary nature * independence of any government * speculation

Governments will keep printing money. Stock market is only good in US (check Japan and China). Bitcoin is good alternative investment in places where options primarily limited to property.

idiotsecant|3 months ago

I am really excited to hear you explain in what way BTC is deflationary. Go ahead, I'll wait.

bediger4000|3 months ago

Drug cartels, sanctioned Russian oligarchs, international arms dealers.