That is nonsense. They are currently NOT holding any global currency or payment exchange status whatsoever. Please tell us how many percent they exchange in payments off the total globally exchanged. Hardly anything. A mere drop in the bucket. The problem with you guys is that you have utterly different motivations why you hype cryptos, motivations you shy away from openly admitting. You guys are gamblers and need your drug of choice legalized. The real grudge you hold with the current system is not the current fiat system nor its weak points. I doubt you guys even understand yourself what you really are so against and why.
The new Bretton Woods is happening in August. The good news, is the world will have a fiat reserve currency backed by Gold again. The bad news (for Americans), is they are going to see what it's like being outside & looking in.
Not one single financial crisis in history was caused by the fiat system nor because of its existence. But you are too dumb to realize that.
Yeah let's see. August. I will hold you to it. You guys are total nobodies who never accomplished anything in life, nor do you actually understand how the global payment system works nor its advantages. All you do is saying shit because you like the sound of it
You're the one struggling to understand why bitcoin has not died and is the best performing global asset this year per Goldman Sachs report And you don't understand why Blackrock, JP Morgan, Goldman Sachs, et al are all bowing their knees to Bitcoin, remember your words... It's because you are an idiot and mentally incapable to understand the Bitcoin and crypto assets Don't worry, within 2 years, you will see more.... but you will still not understand.... because you're too dumb
What I don't get is what those merchants are doing with THEIR bitcoin they receive from the people like you who give it to them for a product. How are those merchants paying their vendors for the stuff you buy? Certainly there is some "slippage" going on somewhere with BTC prices swinging wildly from day to day.
Depends on the vendors... Payment processors take care of the "slippage" BitPay and Coinpayments are the ones that TradingView and ExpressVPN use Where I'm at, there's a local version of Bitpay that takes care of the slippage/conversion to local fiat The payment processors are the ones that take the bitcoins and willing to hodl and have price volatility risk exposure to bitcoin But let me ask you this, how much volatility do you think bitcoin price has in percentage terms? Perception vs reality... you should take a look
I don't pay attention to it every day, but one day last week I noticed it was down over a grand, that's ~3-4%, yes?
Interestingly, my history has always shown that the fall of the Great Roman Empire was due to the debasement of the currency, despite numerous leaders having tried to solve this issue right up to the final downfall. If you pay attention to the Denarius coin in its 200-year existence, you will see firsthand what the hell happened. ...and what is happening now.