Well at least they have the best currency now. Canāt have everything
Best currency for shady business. As the country fails more and moreā¦
This is not good news at all.
Iām fine with a currency that respects my privacy at least partially. Itās not like the dollar canāt be used for shady business.
Are you more in favor of other people being able to track everything and everyone with the credit card and even more invasive with the future digital central bank money?
So what that they know where money went. With crypto they can track it too.
Its like with building. Everyone curious can see it. But you would rather not build that on a landfill, or some shaky grounds. And you would like law to protect your property.
Yes, they can track it to some extend. But the privacy is far better than the complete control they get with a digital central bank currency.
Some priviledged people who donāt know wth they are doing in charge of a currency is a far āshakierā ground than a currency that is under no ones control and just has rules that canāt be altered anymore except if the whole network agrees.
That will become pretty apparent in the next few years, probably even for you.
I have rather cryptography AND the law protecting my property and having full control on my own than having to trust some private institutions that constantly break the law.
You dont seem to realize how economics work, Bitcoin is and will be irrelevant for economy in the big scale. It got up an down like a meme roller coaster with just few news, know its place.
I think the best it can do right now is to fall even lower.
To be honest, some authoritarian or totalitarian regimes have abandoned the healthy rules and use the economy in shortshight to gain the popularity, and keep it. It have even led in part to WW2, beside ideology. Germany had huge deficit in 1939, would had no money to function few months if they wouldnt start the war, they were not going to win because of economic reasons. It first developed into socialist, populist thing, with military as money sink, when money was gone, it changed into a bandit, parasitic economy, with war as means to gain spoils of war, because they abandoned the healthy economic rules like dont loan if you could never pay back. Dont invest in bad ideas especially if you cant have economy to support the fail. Dont gamble your country future, dont gamble your own future. Ideology of fail stands behind all world tragedies. It goes for individuals, it goes for countries. There are cases like that and people should learn about them in school extensively.
Bitcoin is not the solution, or cure. It deepens the bad habits in people.
The only habit it deepens in people I know that have Bitcoin and myself is that they start saving money again and gain some financial literacy. It made it possible to save money again, because it doesnāt just inflate away but on average appreciates 200% per year. Saving money is a rather good habit.
What the current monetary policy does is incentivize spending in an attempt to counteract the natural cycles the market has, but as a result, everyone got trapped in a dept cycle without reserves. This became pretty apparent when corona hit.
Depends where you allocate your savings. There is no thing thats not risky to some, even minimal extend.
But bitcoin is a bad idea. In practice its a gamble. Gamble on a hipervolatile asset. Huge risks.
There are things like inflation linked bonds, there are stocks, and there are things like properties or crypto. The risk is different in each case.
They cant predict some things. Again gambling on future. Investing in bad ideas. It gets clear after some time. People should learn on those cases, but they dont.
Huge risks means wealth or ruin, and you do not decide which it will be. Not a way for an adult person to invest into.
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They all fail sooner or later.
LOL, speaking of fanatics and brainwashed folks, go find a mirror.
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History shows that they all fail sooner or later. That there are current ones in existence, doesnāt change historical facts. When will any one of the existing ones fail, who knows.
Iām not talking about cryptos, go straw-man someplace else.
You keep on believing that. Thanks for the interest on your wealth, rube.
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I have history, I donāt need to back it up. Go crack a book.
As for being rude to you: your behavior doesnāt warrant much respect. This thread is full of your crap.
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