here i also like to give my "two Cents", no offnese :)
Bitcoin does not only work as a currency, it is more of a currency that fiat. as fiat lost the Gold standart in the 70´s, it is not worth anything at all. the value of fiat currencies Comes from some sort of trust and idealism in fiat Money, not from any real backed value. Bitcoin (or all crypocurrencies) are different, because (as mentioned above) they are backed by computer power, a luxury fiat Money is lacking. they both have 1 thing in common, though: they follow a regular market and thus the rule of supply and demand.
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I don't believe in FIAT either, but I see bitcoin as being already obsolete because its incapability to handel loads and in time they have had they should have been better prepared for last boom. Crypto is future but not in the form of bitcoin.
here i also like to give my "two Cents", no offnese :)
Bitcoin does not only work as a currency, it is more of a currency that fiat. as fiat lost the Gold standart in the 70´s, it is not worth anything at all. the value of fiat currencies Comes from some sort of trust and idealism in fiat Money, not from any real backed value. Bitcoin (or all crypocurrencies) are different, because (as mentioned above) they are backed by computer power, a luxury fiat Money is lacking. they both have 1 thing in common, though: they follow a regular market and thus the rule of supply and demand.
Please stop plagiarising others comments.
Not indicating that the content you copy/paste is not your original work could be seen as plagiarism.
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If you are actually the original author, please do reply to let us know!
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could you please state in which way my comment is "plagarizing others comments"? i cannot see why this gets flagged...
I don't believe in FIAT either, but I see bitcoin as being already obsolete because its incapability to handel loads and in time they have had they should have been better prepared for last boom. Crypto is future but not in the form of bitcoin.
totally agree. Bitcoin was never intended for everyday-purposes like microtransactions.