Message from @RyeNorth
Discord ID: 496483992552472576
when the gold standard got whiped out, it was illegal to use gold to transact
so.. is it worth "less" because of that?
the short answer is yes... but the long answer is no
so, some countries try to ban bitcoin, and other countries are like: holy shit, we are making good tax money on capital gains, come to our country
what do you think is gonna happen?
canada is pretty pro crypto btw
as long as you declare it
so, they won't shut down the exchanges if they make shitloads of moneyz
Venezuala.
you guys know about inflation? 😃
The questions like that are super fucking annoying.
Just saying.
sorry. i don't know what you know
Hey guys, have you heard about the second amendment?
some people dont
i havent'
You know about the second amendment, right?
i don't know what it is
i know it's part of the US constitution
I'm just saying, I was talking about fiat currencies.
anyway..
you're not the only one here. someone might not
I think the issue is less "wot if politician ban btc" and more "what if big banks decide it's a problem" "what if methods for converting btc to USD get tested"
i'm pretty done unless you have questions?
Basically, that.
What, that's EXACTLY what I've been saying.
I tried to explain it..
banks could ban bitcoin, there's other countries that don't care and will just make money off of it.
It still has no value in *your* country then
bitcoin is being recognized as legit tech, so rational countries like canada are just taxing it
Germany is very pro as well
Pro now, but not pro always
so, if the ability to get your money out through the tradional system fails, it could lose value but would still function as a peer-to-peer method of transfering value.
'peer to peer method of transfering value'
Where would it's value come from?
Saying it's value comes from 'scarcity' isn't sufficient.
ok
Our Fiat currency's value isn't entirely based on scarcity
its not
It's largely based on confidence.