Value of bitcoin trends downward for a month

>Value of bitcoin trends downward for a month.
>Public reaction: "Bitcoin is dead!"
>Value of the dollar has been trending downward for 100 years.
>Public reaction: "The dollar is forever!"

Attached: npc1.jpg (636x773, 26K)

Bitcoin has no value

except what people will pay for that


maybe we will back bitcoin with gold at some point.

>bitcoins and dollars are the same
>controlled inflation and a crashing due to market panic is the same
One of those things are heavily regulated by a federal reserve, the other is merely a meme bubble finally bursting.

Paper money and gold are for physical entities such as humans.

Crypto is for computers.

bitcoin isn't pegged to the dollar, it's pegged to black tar heroin
also one is a meme and the other is the US dollar

The USD is backed by a country with a trillion $ military budget, BTC is backed by nerds with Asics.

Computer money is a botnet made by some asian guy. The USD is a tool for labor guidance backed by force.

The Federal Reserve is unregulated and has caused market panics and crashes in the past. Do you know nothing about history?

>>Jow Forums

>backed by a country with a trillion $ military budget
And $22 trillion in debt.
>backed by nerds and Asics
And by mathematics.

USD is centralized
seething decentralfag

I can buy things with dollars.

>USD is centralized
So? That just means a single corporation is calling the shots. They can crash it any time they want and they have in fact done so in the past (remember the Great Depression?).

You can buy eGifter gift cards for basically any major online store with bitcoin. Check it out. It might be worth investing a little research into.

You are still tied to btc/$ price.
BTC is only really wort it, when its worth is not measured in $ but in things you can buy for 1 btc. For example as a European I can safely assume, that the bread will cost as many € tomorrow as it did today and the $/€ price doesn't matter much unless there is some very major event like a war.

Nah, dollars work without the hassle.

The power the miners use will go into services which reward them with crypto the backing of the value of the coin will be the demand of the services.

Attached: bored ginger.png (750x1050, 182K)

Debt means nothing if you can kill who you owe

>the dollar has been the world reserve currency for over 70 years
>bitcoin bubbled over 1 year and then lost 100% of its value in the following year
look mom i used the green meme arrow

And what is the value of bitcoin tied to? Yes the almighty dollar you fucking retard

Interesting.
So the US owes afgan goat fuckers?

no that war was to secure the poppy fields for heroin


heroin users vote too, you know

The US are strong enough to never pay anything back if they don't want. Sure it would destroy some trust but in its current state the US can simply not go bankrupt.

Those debts don't really mean much anyway, every country has some debt, in a worst case event we could just pretend they never existed.

USD isnt covered by gold anymore. Just oil but not 100%. And the US is getting cucked by Saudi Arabia because of it.

>implying dollar has value since FED

>>Value of the dollar has been trending downward for 100 years.
>doesn't understand that an inflationary economy is a good thing, since it discourages people from HODLing their $, and instead either spend it or invest it...eg: keep the wheels going 'round.