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Author Topic: Would you get rid of something that could raise its value after you sold it ?  (Read 74 times)
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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

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