Yeah total bs and most owners are completely unaware. It's all a load of crap and we keep putting up with it...like the new laws passed here that Airbnb can only be done from your principle residence...like wtf? Next they will make secondary home ownership illegal.
The only people calling it a scam are just pissed that they missed the boat while the rest of us are driving around in our (2008) Lambos.
I'm sure I'm not adding anything new here, but crypto lost like 80% of its value last year. Not to mention if fiat disappears, how are you going to price the crypto? Hopefully the OP is trolling.
Funny thing is yall are both tragically incorrect. When will this ludicrous debate between know nothings stop!?
A toaster on amazon will cost 0.00080 Bitcoin or 80000 satoshis. It will continue to adjust...just like fiat but in reverse because it is inflation proof...so today a Bitcoin can buy a car...in a few years you could be saying it could buy a house.
Just focus on the trend; is it uptrend or downtrend or trendless? And when you trade, make sure you have STOP in place. Don't focus on whether it is fiat or no fiat or not fiat. If not, you will be having sleepless nights. When there is a trading opportunity, go grab it.
In your heart you must see this is just a fantasy. Shrink money supply 99%?! How would that even happen, and why would you want it to? The USD is not ceasing to exist anytime soon. More realistically the Fed is going to incorporate the technological advances introduced by crypto into USD and make it more powerful. Just because vendors will take crypto, doesn't mean the end of fiat. It's a straw man argument to say its either crypto or fiat! Neither are going anywhere, and crypto isn't money for most people and never will be. If the USD disappears, then the US is no longer a country, and yes I get that things change, and do I know what the world will be like in 50 years, no. But I'm confident, that in 10 years from now the US will still be a country. And if that is not true, then trading crypto will be the absolute least of all our worries. Oh, jeez, I'm getting trolled aren't I? Falling right into it. Darnit!