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SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
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<blockquote data-quote="cobracide" data-source="post: 16790815" data-attributes="member: 4644"><p>Well no, I never said it would replace the Dollar. Maybe some people think that but that's not why bitcoin was created. That's why your linking of bitcoin to the Dollar doesn't make sense. If the Dollar goes to zero, that does not mean people will value Bitcoin the same. As a matter of fact - the more worthless the Dollar is - the better for bitcoin as an alternate store of value.</p><p></p><p>Just to emphasize - bitcoin is NOT a currency. It was created as alternate store of value that is easily portable and transferred (to other btc wallets). </p><p></p><p>The value of bitcoin is the current market value - just like anything. Value of something (anything) is what people place upon it, will pay for it or barter for.</p></blockquote><p></p>
[QUOTE="cobracide, post: 16790815, member: 4644"] Well no, I never said it would replace the Dollar. Maybe some people think that but that's not why bitcoin was created. That's why your linking of bitcoin to the Dollar doesn't make sense. If the Dollar goes to zero, that does not mean people will value Bitcoin the same. As a matter of fact - the more worthless the Dollar is - the better for bitcoin as an alternate store of value. Just to emphasize - bitcoin is NOT a currency. It was created as alternate store of value that is easily portable and transferred (to other btc wallets). The value of bitcoin is the current market value - just like anything. Value of something (anything) is what people place upon it, will pay for it or barter for. [/QUOTE]
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SVTPerformance's Chain of Restaurants
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