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To: Wildbill22

Yeah, I get that. But another difference: Bitcoin has about the same intrinsic value as a thousand dollar bill, but only one is backed by a government. For that one to fail, the government would have to fail or be close to it.

Bitcoin survives on the “greater fool” concept.


9 posted on 05/14/2018 9:15:30 AM PDT by robroys woman (So you're not confused, I'm using my wife's account.)
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To: robroys woman

When that government backed dollar is being mass produced and devalued through debt from deficit spending by at least a trillion dollars a year, that government is in danger of failing long term. Kicking the can down the road is only a short term strategy.
A totally decentralized cryptocurrency bypasses government control...or any specific government’s survival.


11 posted on 05/14/2018 9:25:01 AM PDT by Wildbill22 ( They have us surrounded again, the poor bastards- Gen Creighton William Abramsp)
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To: robroys woman

Crypto is being deployed all over the place currently. HSBC just went live with using a ledger within the past week.


12 posted on 05/14/2018 9:28:49 AM PDT by afterhoursarmory
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