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It is nowhere close to threatening fiat currency.

Posted on: September 8, 2022 at 12:32:13 CT

tiger4real MU

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M.O.B. Votes:

Our addiction to inflating our currency away will come naturally. It’s happened over and over again for thousands of years. Bitcoin will simply be an alternative asset to own. Not a replacement.

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MESSAGE THREAD

Inflation, the Price Level, and Economic Growth: - pickle MU

- 9/8 12:07:12

Why should we be on a gold standard - meatiger MU - 9/8 12:44:21

Gold supply is increasing roughly 2% a year - tiger4real MU - 9/8 12:57:25

So what - meatiger MU - 9/8 12:59:04

Not really. It’s a store of value and that’s about it.(nm) - tiger4real MU - 9/8 14:19:44

Are there areas w/ lots of gold that haven't yet been mined? - zounami MU - 9/8 12:47:27

This would say there is at least 30% more - meatiger MU - 9/8 12:52:44

1) The low-hanging fruit has been picked. Those "underground - zounami MU - 9/8 12:58:47

So what - meatiger MU - 9/8 13:02:38

but gold has intrinsic value through its beauty & industrial - zounami MU - 9/8 13:04:31

Do you agree with this article? - Spanky KU - 9/8 12:17:50

And whatever comes of all these think tank white papers? - TrumpToRushmore MU - 9/8 12:15:01

It won’t happen overnight but this is why Bitcoin exists - tiger4real MU - 9/8 12:18:12

Governments can regulate and criminalize CC into oblivion... - zounami MU - 9/8 12:20:19

Bitcoin is on its own, very distinct from all other cryptos - tiger4real MU - 9/8 12:23:20

Don't be naive. If it ever truly threatens the fiat currency - zounami MU - 9/8 12:27:08

It is nowhere close to threatening fiat currency. - tiger4real MU - 9/8 12:32:13

yes, that's exactly what I posted a few minutes ago (nm) - zounami MU - 9/8 12:33:19

...but currently, it's just a pyramid scheme making - zounami MU - 9/8 12:30:01

Other cryptos yes. Transactions are indeed occurring w BTC - tiger4real MU - 9/8 12:33:49

"not on a grand scale" is the point... it's currently used - zounami MU - 9/8 12:35:56

It’s 12 years old. And you are wrong, majority are buying it - tiger4real MU - 9/8 12:38:48

You didn't refute anything I said, so I'm not sure why you - zounami MU - 9/8 12:39:27

You said it’s mainly used for crypto trading and that is - tiger4real MU - 9/8 12:55:43

No, it's 100% correct.. the vast majority of CC transactions - zounami MU - 9/8 13:00:55

Not sure the author - JayHoaxH8r MU

- 9/8 12:16:43

Liberal elite are not just idiots, they are evil idiots. - TrumpToRushmore MU - 9/8 12:18:34