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Author Topic: Everyone Who Believes In Bitcoin Should Try To Answer This Question  (Read 2655 times)
AnonyMint
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January 18, 2014, 06:28:26 AM
Last edit: January 18, 2014, 09:54:24 AM by AnonyMint
 #21

The value (and stability) of the dollar and gold has nothing to do with the controlled supply. It is all about the liquidity of the medium-of-exchange. Both happen to be widely accepted, which means they have a high utility and thus in high demand.

Try to move even $10 trillion of the world's $250 trillion net worth into the Chinese yuan and then you will understand why liquidity matters. Or for a microcosm example, try to buy 25% of the market cap of a pink sheet stock and then try to sell.

Now I've just demonstrated to you who is a real economist here.

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