Bitcoin Is Not Real, But That Doesn’t Mean It’s Not Money
Bitcoin is not real, and any purchase amounts to ...
Bitcoin - The Currency of the Internet
A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
The OG definition of deflation is a reduction in the money supply. If there was real deflation, then Bitcoin might not be as popular, but even then it would be deflation administered by a central authority, so just buy Bitcoin.
If there was real deflation, then that might actually be supportive to the value of fiat currencies. But that’s not what is happening.... it’s going to be monetary debasement from our monetary overlords from here on out.
I'm not sure why anyone would want to keep their life's savings in BTC. It has no real use case at the moment, except for a way to loose money if that is what rocks your boat. On the other hand, I and many others use Bitcoin Cash every day as a means of exchange and commerce.
07-17 08:23 - 'Over $1 trillion worth of bitcoin has been traded in the past 30 days. Anyone saying BTC is not real money is clearly not looking at the data.' (twitter.com) by /u/moon-Steps removed from /r/Bitcoin within 161-171min
07-13 11:34 - 'The price is not the end all be all here. At this stage, adoption is more important. Every mention, good or bad, has a cumulatively positive effect. People want a real option for money. Trump, while ignorant, is doing us...' by /u/Innominateones removed from /r/Bitcoin within 71-81min
It is not enough to invest money in bitcoin, but making an investment requires proper knowledge about the place where you are going to invest. Many things are there that they want to know about the bitcoin, like where to buy, sell, and invest? There are many people who want to trade and invest in bitcoin, but on the other hand, they have a lot of questions in their mind, such as is real ... Hundreds of bitcoin supporters have tweeted attacks at me for arguing that bitcoin is not real money. But historically, money must be a reliable medium of exchange and a reliable store of value ... Bitcoin is not real, and any purchase amounts to speculation, says ECB's ex-chief as he pours cold water on cryptocurrency Read full article Louise Moon in Beijing [email protected] Bitcoin is not a (good) means of exchange. (At best its way worse than ‘fiat’ money.) Reality: Bitcoin is an excellent means of exchange. You can’t reverse a bitcoin payment like a payment ... That’s why bitcoin is not real money now, and why without huge reforms it will never qualify as real money in the future. Advertisement – Larry Kudlow, NRO’s economics editor, is host of ...
DEMO Deep Dive: How Does Bitcoin Become Real Money?
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