Tell that to Japan. Are you saying the Yen is not real? Japan has had negative interest rates. Getting interest on something does not make it real, it simply has carrying costs. The US Dollar is a fiat currency. By definition fiat means it has no intrinsic value, it's completely based on faith. Just like bitcoins.
the ops here must own bitcoins
- Thread starter stock777
- Start date
Tell that to Japan. Are you saying the Yen is not real? Japan has had negative interest rates. Getting interest on something does not make it real, it simply has carrying costs. The US Dollar is a fiat currency. By definition fiat means it has no intrinsic value, it's completely based on faith. Just like bitcoins.
Your point is not well taken.
Japan's case is a liquidity crisis with <u>too much</u> liquidity.
Ours is backed by billions of dollars in property, debt, and US citizens owning close to 99% of everything. I don't see where a limited supply distinguishes bitcoin over US Dollars and they're (bitcoins) are still backed mostly in dollars. Transaction centralization or lack thereof isn't faith based.
For example, I have faith my house is worth more than one dollar.
Does that strike out the notion that our currency being fiat is faith based? No, my dear boy, I'm pretty sure my house is worth more than $1.
Banning me from the bitcoin threads is hysterical
Tells me I'm actually 150% right about them
I already admitted the game is on, and reality means nothing here.
See Pink Sheets for 1000's of examples.
So only folks that actually trade bitcoins can have an opinion here?
hmmmm, sounds desperate.
Tells me I'm actually 150% right about them
I already admitted the game is on, and reality means nothing here.
See Pink Sheets for 1000's of examples.
So only folks that actually trade bitcoins can have an opinion here?
hmmmm, sounds desperate.
