Which just goes to show that BITCOIN is valued the same way as the dollar. If people use them they're worth something. If they don't, it's not worth anything. Gold and other commodities however, whether used as currency or not, still have value.
The market chose gold and silver because they had value outside of money, they were easily divisible, and they were durable.
I don't condemn anyone using bitcoin, but I would never use it. It's much to subject to people's opinion of it. One bad story comes out about it and it could send it's value plummeting. I prefer something that has demand outside of money, that I can physically protect and verify it's existence.
Commerce with all nations, alliance with none, should be our motto. - T. Jefferson rЭVO˩ution
"Everyone wants to live at the expense of the state. They forget that the state wants to live at the expense of everyone.” - BASTIAT
Want DP delivered to your inbox daily? Subscribe here: