Aurelius on Nostr: 1. What do you think backs the US Dollar? 2. Have you tried? I have friends that live ...
1. What do you think backs the US Dollar?
2. Have you tried? I have friends that live off BTC exclusively. Bitcoin is most commonly used as a currency where the need is clearest to the population. At the present, that is where currencies fail to hold value month to month, or with people who have a need or appreciation for sovereignty. You probably can’t use it to buy anything, because you deny that any problems exist. Learn the problems, and the ease of use will present itself.
3. If you’re alternative is a small-country currency that is losing value at 150%/month, Bitcoin doesn’t look so volatile.
Oh you use dollars? The dollar is worth 4% of what it did in 1934. Would you prefer less volatility and certain decline? Or would you prefer monthly volatility and inevitable gain?
2. Have you tried? I have friends that live off BTC exclusively. Bitcoin is most commonly used as a currency where the need is clearest to the population. At the present, that is where currencies fail to hold value month to month, or with people who have a need or appreciation for sovereignty. You probably can’t use it to buy anything, because you deny that any problems exist. Learn the problems, and the ease of use will present itself.
3. If you’re alternative is a small-country currency that is losing value at 150%/month, Bitcoin doesn’t look so volatile.
Oh you use dollars? The dollar is worth 4% of what it did in 1934. Would you prefer less volatility and certain decline? Or would you prefer monthly volatility and inevitable gain?