Tell me user, why do you think Bitcoin isn't going to be the global reserve currency when only more and more people are accepting it as such?
>based on thin air
printed fiat holds no value as well, yet everyone believes it holds value. Isn't that the only criteria of currency?
Tell me user...
Andrew Peterson
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Oliver Thompson
Will bitcoin's volatility eventually disappear and the price stabilize? High volatility makes it unsuitable.
Also, what practical limits are there when it comes to the system needing ever more electricity and computing power to for its POW consensus?
Ian Hughes
Because medium of exchange PRECEDES store of value you uberloser cucks. You think you can reinvent physics you dumb mansluts. Btc has 1mb of utility, basically nothing. Thats its real store of value. Go fuck yourself. And Lightning Network WILL be made illegal because its PRIMARY design feature is to lose transaction records. People hate losing records and the next global economy will NOT be built on a crimecoin. Thanks for slowly making me rich by being mentally my inferior, losers.
Jacob Rodriguez
One the price is high enough, stability will be an intrinsic characteristic. Most people can't move the price if the asset is at 1MM
Joshua Phillips
finite supply and limited inflation means value only goes up relative to central bank monopoly money. volatility is high for several reasons:
- most people don't yet understand what crypto is and why it has value
- currency wars are brewing
- recession/depression looming, so lots of uncertainty
- speculation
- market manipulation by big players
Christian Ortiz
what if i told you the volatility is not from btc, but from the paper money?
Camden Bailey
Stop letting the boomers know.
Owen Cruz
Fiat currency IS built on COUNTERFEITING technology fuckheads. Partially but very important. You fuckheads do no proper market analysis, you take a glance and think you know shit bit youre fucking CLUELESS. Fiat is running on the steam built by the gold standard just like btc is running on the steam built by having non restricted blocks in practice. Its value now is propped up by time restricted SHITCOIN GAMBLING, extremely limited actual store of value, first mover reputation and a ponzi-like lie that retards repeat because they want lambos and are too cucked to make it in the real world.
Metaphorically suck my balls.
Julian Gomez
>Belief
Yes that is literally the only reason. Everyone agreeing to believe it does.
Fiat is printed out of thin air. Most people know that now.
Belief in the the corn is spreading.
Thomas Diaz
BSV is gonna be. Attached interesting Statement i found on Calvins website.
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“This court case and this proof is not aimed at convincing these people attacking him. They’re completely irrelevant. This is all about going over their heads, getting them out of the way. And Craig, with this court decision, talking directly to the people that matter – mainstream media, business and technical, governments and enterprise and startup decision makers. Those are the only people important here.”
Ayre says it’s “quite likely” that the cases, which are being brought in London, will be decided by the end of the year.