Fundamental value of Bitcoin

Discussion in 'Crypto Assets' started by JackRab, Aug 29, 2017.

  1. JackRab

    JackRab

    Who cares that it has lost 97% of it's value over 100 years time? Most people have debts... debts and real assets... do you honestly think that they should be pissed off that the dollar has lost it's value due to real inflation? I think you need some lessons in monetary economics my friend.

    The only reason people complain about the so-called loss of value, is because a loaf of bread now costs more than it did when they were 10 years old...

    I've said it before and will again, bitcoin will be a deflationary currency if it's widely accepted... why? Because people want to hold it rather than spend it... which will create a liquidity crunch (and is now as well) and will be creating debt-averse situations, creating more liquidity issues and a big slow down in consumption... Guess where that will end up?
     
    #191     Nov 2, 2017
  2. Hoi

    Hoi

    A world without debt, working in "Austrian Economics" (instead of Keynes). That would be a nice experiment for a change.
     
    #192     Nov 3, 2017
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  3. Alexpung

    Alexpung

    Religions.
    And not billions, trillions.
     
    #193     Nov 3, 2017
  4. Pekelo

    Pekelo

    Irregardless that is what your argument said. Stop bitching about the dollar and start talking up the advantages of your ponzi. So what is so great about Ethereum? :)
     
    #194     Nov 3, 2017
  5. SunTrader

    SunTrader

    Saying that you are the one that is economically ignorant.

    Inflation is the biggest tax of all.
     
    #195     Nov 3, 2017
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    #196     Nov 3, 2017
  7. The forks of the dollar:

    [​IMG]




    At one time, the dollar was backed by something........... other than the govt's word.
     
    #197     Nov 3, 2017
    SunTrader likes this.
  8. SunTrader

    SunTrader

    Pointing out
    In other words Fed to us: Fork You. :sneaky:
     
    #198     Nov 3, 2017
  9. SunTrader

    SunTrader

    Read much. I said I could care less. On the other hand you got the market cornered on bitching. And who said anything about ETH?
     
    #199     Nov 3, 2017
  10. Pekelo

    Pekelo

    I was making a point, what you obviously didn't get. Whining about bitching is good, making a valid argument, better. :)
     
    #200     Nov 4, 2017