Comment Re:Bitcoin does not need Washington to save it. (Score 1) 76
Bitcoin isn't a currency in the sovereign sense... It's value is defined by supply and demand.
Flashback to econ 101: the value of every currency is defined by supply and demand.
Bitcoin isn't a currency in the sovereign sense... It's value is defined by supply and demand.
Flashback to econ 101: the value of every currency is defined by supply and demand.
Read what I wrote. This is about risk mitigation, not elimination.
You didn't read what I wrote, why should I read what you wrote?
just dump it in the sea.
Thus solving the problem once and for all.
- Yes, but...
ONCE AND FOR ALL!
https://www.youtube.com/watch?...
You're not supposed to sell it. (Does anyone sell euros?) You're supposed to spend it. But hardly anyone takes it.
at some point most people want to sell the Bitcoin for dollars or pounds or euros
The fact that this is even significant (and it is) 15-20 years after the introduction of Bitcoin, shows that it has been a complete, miserable failure.
I think Bitcoin was a neat idea. Shame it didn't work.
"Look! There! Evil!.. pure and simple, total evil from the Eighth Dimension!" -- Buckaroo Banzai