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.

fiat is based on trust

Right.

in your gov 😂

Right.

Scary as that is.

well

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