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Author Topic: Bitcoin is money. Fiat is credit.  (Read 108 times)
holden.commodore (OP)
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March 16, 2018, 03:35:09 AM
 #1

"Gold is money. Everything else is credit". J.P. Morgan - 1912

I think that in the digital era bitcoin will be the new gold, so it will be the legitimate "money""
Since all cryptos prices depend on satoshis' prices, bitcoin "backs" the whole digital currency ecosystem.

This means that bitcoin price will always be the best reflection of the crypto markets, like an index.
Cryptocurrency and blockchain will only grow in usage in a world that everyday becomes more connected and developed.
Banks and governments will realize that to have the biggest bitcoin supply is the best way to control it. Bitcoin will back their loans to you on their digital currency.

Like Hal Finney once said: "Bitcoin will be the high-powered money used by banks".

For last and not least: sellers will regret.

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simple999
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March 16, 2018, 11:20:38 AM
 #2

"Gold is money. Everything else is credit". J.P. Morgan - 1912

I think that in the digital era bitcoin will be the new gold, so it will be the legitimate "money""
Since all cryptos prices depend on satoshis' prices, bitcoin "backs" the whole digital currency ecosystem.

This means that bitcoin price will always be the best reflection of the crypto markets, like an index.
Cryptocurrency and blockchain will only grow in usage in a world that everyday becomes more connected and developed.
Banks and governments will realize that to have the biggest bitcoin supply is the best way to control it. Bitcoin will back their loans to you on their digital currency.

Like Hal Finney once said: "Bitcoin will be the high-powered money used by banks".

For last and not least: sellers will regret.

Printscreen this and come back later.
Yes! Yes! that's exactly it, bitcoin is gold of the 21st century, bringing wonderful incomes) of course not now, it fell very much, but we believe in the best)
ekaterinastrelnikova505
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March 18, 2018, 05:21:20 AM
 #3

Security. The balance of bitcoins is fixed in a cryptographic system with a public key. Only the owner of a private key can send crypto-currency to other addresses.
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