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Originally Posted by MorTech
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My view. When, you post stuff like,"Why parasites don't like bitcoin," do expect a positive effect? I do not own bitcoin but have no choice but to be aware of it.
It is interesting that it has spread this far. It's "value," is compared to the dollar. The dollar is no longer backed by gold and silver, Nixon as well as opening trade with China, did that. The dollar is backed by the full faith and credit of the United States.
I think most would think that is of depreciating value.
Bitcoin is backed by NOTHING. Even who or what created it is unknown. HUH? You can buy fake real estate and even non-existent yachts in the non-existent world called the metaverse.
A better currency? Bitcoin regularly swings 6% plus on a day. Our stock market is down, if I recall 14% from it's peak. Our dollar has lost CPI 8.7%. Bitcoin has lost half it's ?? Value.
It is so much like the Ponzi scheme of 300 years ago on tulip bulbs.