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Title: Would you get rid of something that could raise its value after you sold it ? Post by: luxcoin on September 17, 2017, 09:16:41 AM That's, in my opinio,n the biggest question of Bitcoin and other CC.
Would you ever buy something in BTC ? Even if you want it, will you really be conformable giving something away let's say for 20$ and the day after realise that it would have valued 30$ ? It's not that fair, we can say it, don't we? In this way we cannot have a digital currency to buy everyday goods like we do nowadays. The digital world was missing its coin: that's why someone come with the Bitcoin's idea, but if everyone thinks in this manner we still pay with old world currencies... I think it happened also with the first coin in 7th century in Asia before everyone knew what was equivalent to. So, the main question we can ask ourselves is: What defines a currency? Not ever more a gold based coin like it was before Nixon and Bretton Woods' stipulation . It's only something we trade every day since we don't even wonder how long that we cannot answer at that question. " Everyone does, so I do " FED like other Central Banks prints money regarding its value - because it just doesn't have ! So they can control the financial world ( since now ) and make their pockets full of it. They say the 1$ bill would cost 1$ to produce it but we know it's not true. So in conclusion - IT'S ONLY THE VALUE WE THINK IT HAS - what defines it |