Waethorn on Nostr: If that's the case, why is it that Bitcoin goes down when the US dollar goes down? ...
If that's the case, why is it that Bitcoin goes down when the US dollar goes down? Why does it go down when seizures or losses happen? Electronic money can't survive an EMP. When the computers go down, you have nothing. Even with market manipulation, paper money is still a physical, tangible thing that can buy goods and services. What's better are assets with real stable physical value like gold, or even better than that is bartering for value-for-value. The US dollar was actually in a good position until it was debased from gold reserves in the 1970's. When that happened, the Fed was given a green light to print more whenever they liked. Inflation is ONLY caused by printing more money. And now with no reserve commodity to base it on, it's easily manipulated to reallocate power. Just more usury to destroy nations.
Also, as far as the security of cryptocurrency goes, I have two words for you: Shor's Algorithm.
Published at
2024-08-21 22:21:59Event JSON
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