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grindstone cowboy

23,647 Posts.

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19/12/24

17:22

Post #: 77128587
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Originally posted by Dentie: ↑

Couldn't care less. Bitcoin can't be used as a paper weight and certainly won't stop my doors from blowing shut in a big wind!

As I understand it, Bitcoin was supposed to be digital gold for the general punters - independent from the banksters and the Govts. I believe the banks and Govt both have been buying bitcoin and Trump says he wants bitcoin to form part of the US's treasury reserves.

With only 21,000,000 maximum digital entries being possible, does that mean the decimal point will continue to move left - if only to identify the smallest of bitcoin holdings.

Is bitcoin a currency? If so, where does it get its stability from and how do they tame the volatility? Or, is bitcoin an asset? If so, where does it get its tangible value from?

If bitcoin's continued value is derived from new money entering the fray - then we all know what that makes it....one big ponzi scheme. If it's not, then I see it as a financial trawling net!! Anything the Govt or the banksters get into, I get out!!

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bitcoin is the future man! Trump and Elon have joined forces to pump it to the moon and use the US treasury to buy up bitcoin stakes of his $billionaire friends, so they will cash out with greenbacks and Fort Knox gold.
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gold, page-130455

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