O wait

It’s only at 11k because people are retarded

meanwhile, Venezuelan peso absolutely is something....

and that something is real, physical, valueless pieces of paper

Value of a currency has nothing to do with regulations

The only reason cryptocurrency is "unstable" is because it is usually a deflationary currency

It’s not like gold or any actual real commodity

Other currencies are also not inherently worth anything, but they aren’t as volatile so they can actually be used as a currency

No it’s because it has no backing or control

No

You idiot

Fiat currencies are a commoditization of labor

It’s purely investor driven

Take an economics course smh

Deflationary currency is literally valued entirely by demand

Is anything inherently worth anything @PureEvilPie

That's basic economics

Gold is also largely deflationary

money is just a social construct and therefore useless
change my mind

I work in digital banking, it’s more job to look at all this mate. I do know what I’m talking about.

No

You clearly dony

Ok

lets go back to trading 5000 eggs for a castle made out of dirt tbh

You arent providing any valid reasoning to back up your claims

Whereas I am

Except I have, how can you use bitcoin as a currency

When it’s this volatile

It’s impossible

I can and do

Do you have any idea the amount of controls behind stable currencies?

Mostly printing money at key times

Because

Yknow

It's inflationary

A gross oversimplification

Yes

You keep just saying the word inflation as if it just proves you right

That's not what I'm saying

Christ my internet connection is too shit for this on the Eurostar