I mine Ethereum and ZIL, and I purchase CRO, Raven and ADA. I stake both CRO and Cardano.
kvs wrote:Bitcoin is like Dutch tulips from the 1600s. It is not money it is a speculative item.
People rag on fiat as if it is the source of all problems. It is just a paper voucher of exchange that is not supposed to have any
intrinsic value. Using gold sounds good until you give it some thought. As in the good old days centuries ago, gold coin
will be cut from around the edges degrading the currency directly. It is also a finite pool that cannot be scaled with the
economy. Printing fiat is justified from macroeconomic considerations. Assorted idiots always compare the economy to some
corner convenience store. This comparison is retarded. Money is conserved only on the microeconomy scale.
Gold backed fiat advantage was that there was a penalty for Pancho Villa and quantitative easing style printing of money.
It was not the gold.
Bitcoin fully depends on what the market prices it at. Fiat currency only changes "value" if it is overprinted. The foreign
exchange rate is not relevant even though millions think it is a measure of the size of the economy of a country. This is
partly correct only for import dependent banana republics.
El Salvador should have used bitcoin as a type of reserve asset like gold. The price of gold goes up and down. Bitcoin
is not coin.