Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: uzair on August 24, 2018, 05:40:30 AM
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Objectively, the money is just a sheet of paper, why? The paper is recognized by the state government to ensure that, so what is the guarantee? that is gold. Which country more and more gold, wealth assets are terrible, that currency is priced compared to other currencies. To understand more about currency you can see the book "War Money" nhé!
Bitcoin is generally accepted by the community and is priced against USD or gold so it's worth it.
In short, every value is converted into gold. But gold has some major disadvantages so new alternatives are available such as money and now Bitcoin.
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Why do you compare it with money?
bitcoin has the potential to be a payment tool like fiat money. But the price is very unstable, so in my opinion bitcoin cannot be compared with fiat money to become a payment instrument.
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Bitcoin cannot be compared to money but Bitcoin goes hand in hand with money.
Bitcoin will have no value if there is no money in this world, maybe Bitcoin will continue to pair with Altcoins.
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Objectively, the money is just a sheet of paper, why? The paper is recognized by the state government to ensure that, so what is the guarantee? that is gold. Which country more and more gold, wealth assets are terrible, that currency is priced compared to other currencies. To understand more about currency you can see the book "War Money" nhé!
Bitcoin is generally accepted by the community and is priced against USD or gold so it's worth it.
In short, every value is converted into gold. But gold has some major disadvantages so new alternatives are available such as money and now Bitcoin.
I think , It is two difference thing. Bitcoin is digital currency, Money is convetional. Bitcoin is the future currency.
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Bitcoin comparison with ordinary money is already different in the world. Bitcoin is a digital currency carried by Cryptocurrecy. While ordinary money is real money that is used by the community to transact. Although there are many people who compare real money with crypto, but the reality is only different from the world, basically the function is the same. That is as a tool for buying and selling transactions.
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Objectively, the money is just a sheet of paper, why? The paper is recognized by the state government to ensure that, so what is the guarantee? that is gold. Which country more and more gold, wealth assets are terrible, that currency is priced compared to other currencies. To understand more about currency you can see the book "War Money" nhé!
Bitcoin is generally accepted by the community and is priced against USD or gold so it's worth it.
In short, every value is converted into gold. But gold has some major disadvantages so new alternatives are available such as money and now Bitcoin.
You are right dude, bitcoin is not money (fiat money) bitcoin is currency that's something different, also bitcoin can protect us from inflation due to bitcoin is deflation just 21 millions around the world, fiat money has stolen the value of our wealth since long time ago, bitcoin helps the value of our whealty.
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Bitcoin is much more similar to "money" as a term. Yep, now we have some difficulties with acceptance, but BTC's limitation in coins brings it obvious advantage, unlike papers. Everything having limitation is valuable.
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Yes, because money is a symbol for transactions and has been recognized by the government. if bitcoin is found before money is used then bitcoin will be used like money.
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I think one of the most widely publicized benefits of Bitcoin is that governments, banks and other financial intermediaries have no way to interrupt user transactions or place freezes on Bitcoin accounts. The system is purely peer-to-peer; users experience a greater degree of freedom than with national currencies. The goverment can't control it. Bitcoin does not have inflation so it does not stimulate economic growth.