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Author Topic: Is Bitcoin the dollar equivalent?  (Read 537 times)
saffira
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April 18, 2018, 02:48:47 AM
 #101

For me bitcoin is incomparable to dollar. Dollar is a currency. Cryptocurrency has different system. Also dollar is already recognize legaly in the government. They are both volatile in some ways but the volatility of dollar can be consider as stable. It does not lose its value.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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kalstarzz
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April 18, 2018, 02:52:14 AM
 #102

currently bitcoin can be said to be equivalent to the dollar, bitcoin is currently worth the dollar just bitcoin can not be used by everyone, for example people who do not understand about the internet he will not be able to use bitcoin. with the dollar, the dollar is worldwide, many people who know him even use it. with that we can conclude dollar and bitcoin balanced
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April 18, 2018, 03:08:28 AM
 #103

If we compare the crypto assets market to the stocks markets in general, can Bitcoin be considerated as the equivalent of the dollar?
In the stock exchage we buy shares with dollars.
In the cryptocurrencies exchanges we buy tokens or coins with bitcoins(and other cryptocurrencies, Litecoins, etc).

in my opinion bitcoin and dollar are very different, you use dollars to buy bitcoin and if the dollar is replaced with bitcoin it seems very difficult because if you look at the very limited supply of bitcoin it will make bitcoin harder to get, so maybe bitcoin will only be alternative currencies only.
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