To hock bitcoins. Interesting.
It's just money. Or trying to be. With advantages and disadvantages just like other money.
There are three fundamental things we want a money to do:
1) We want money to maintain a stable domestic price level.
2) We want money to maintain a stable relationship against other currencies.
3) We want money to be freely convertible into goods, including other moneys.
Pick two. Bitcoin might one day do 2 and 3. Not yet, but maybe one day.
Bitcoin has some advantages and disadvantage over the last money, gold, that did 2 and 3. But why not
“No New Wars” Trump— ”I Meant to Say Mo’ New Wars.”
-
President Donald Trump said Saturday that the U.S. military struck three
sites in Iran, directly joining Israel ’s effort to decapitate the
country’s nuc...
21 minutes ago
1 comment:
But like our currency there is not a damn thing 'backing' bitcoin...
Post a Comment