To hold value, an alternative money MUST be issued on a proper basis, which means the issuer must stand ready to REDEEM the money for a real goods and services. Since the issuing of Bitcoin is based on nothing of value and it is irredeemable (like the Federal Reserve Note unfortunately) it is destined to market failure. The solution to fiat currency is not to produce a WORSE fiat currency, a point which has been never apparently been understood by Bitcoin believers.
To hold value, an alternative money MUST be issued on a proper basis, which means the issuer must stand ready to REDEEM the money for a real goods and services. Since the issuing of Bitcoin is based on nothing of value and it is irredeemable (like the Federal Reserve Note unfortunately) it is destined to market failure. The solution to fiat currency is not to produce a WORSE fiat currency, a point which has been never apparently been understood by Bitcoin believers.
KSASTAMPS 1 week ago
I would recommend a different choice in music.
billybigrigger 1 month ago