I need to have others who are informed to help a plebeian newbie comprehend the arguments for and against Bitcoin.
Specifically, I hear Dave @ X22 advocate for it (and make seemingly-excellent arguments in favor), and GhostEzra strongly insinuate against...
(And yes, I’m doing more research, of course. And yes, it’s my job to come to my own conclusions...)
Just thought I’d throw that out there, so I can accelerate the learning curve?
Gracias.
I personally hate bitcoin in terms of future currency. Ask yourself what it does that our forms of payment does now? This is just another imaginary currency backed by nothing but speculation of its value. While I do feel this is the future, I strongly feel nothing currently on the market including bitcoin will be that brand. In fact I strongly feel bitcoin will get caught up in a scandal and crash one day before this is all over due to its illicit usages. “Normal” investors will always be behind the real money made, and this is no different. Always remember icebergs only show their top not everything underneath.
bitcoin is backed by far more than the dollar. your claim that it is backed by "nothing but speculation" demonstrates your supreme lack of understanding here.
Enlighten me?
Okay I didn’t like waiting. Bitcoin is ONLY and I mean ONLY backed by perceived value. In fact here is daddy trump on the fact.
I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity....
— Donald J. Trump
Our future currency will not be backed by thin air, I really hope you learn this soon. There are many other issues though however, but I’d like for you to prove Trump and me wrong first ;)