Message from @roadcrypto
Discord ID: 496485748279607317
no
would you rather trust open source that anyone can contribute?
I'll push back on that.
It only has transfer value if it has utility. If say, a business offered transactions in bitcoin it was probably because it was backed by exchange to currency
It's not entirely just confidence in the government
open source, anyone can contribute: the code says there's only 21 million
Even if the government vanished overnight, people would still accept USD.
Even if they didn't they would accept gold
I was about to post a whole criticism to tim but now I'm wondering if I want to get into a debate
With anyone rn
Lol
😂
Post it in debate
What a giant waste of time
Go for it
USD represents a share in the valuation of US goods and labor.
That's the trust aspect of it.
yes, and the USD is being printed at the whims of politicians to bail out banks during financial crisis
Right.
Which devalues the currency, you'll note
It's not consequence-less
And it's because the utility of the currency lowers
the US dollar used to be good for gold, now i can redeem it for trust in God 😂
But if you cannot expect your currency to be commonplace, for its acceptance to be assumed, then it is based on exchange to a standard that is
not saying it's not doing good. I wish I had bought more in 2009 at 1:1 😛
That's why people are trading for it
Bitcoin is only as valuable as what you can buy with it.
a'ight
when your friends get lambos, dont come cryin' 😂
Condescension does NOT look good on you. Just saying.
lambos is a term used in crypto for getting rich
No
Lambos is a shortening of "Lamborghini', tool.
lol
Always has been.
yes, yes it is
Who is this roadcrypto
And why is he such a butt.
some douchebag
"Just invest in this totally speculation driven currency. You'll get rich"