This twitter account shilling for bitcoin. So can someone explain what the diffrence between bitcoin and fiat is? Besides digital vs paper? As far as i know they are both backed by nothing
A fixed supply based on what? And i call bs on "fixed supply" you can buy a fraction of a bitcoin. If i can buy .1 of a coin and .0001 then there is in fact an infinite supply. And what about "bitcoin miners"? I thought its generated that way
What practical use does a digital currency have? Gold has actual uses. The difference between .00001 of gold and .00001 of bitcoin is that that the price of that bitcoin is volatile and isnt based on anything but "a fixed supply".
This twitter account shilling for bitcoin. So can someone explain what the diffrence between bitcoin and fiat is? Besides digital vs paper? As far as i know they are both backed by nothing
They print fiat. They cannot print Bitcoin. Bitcoin has a fixed supply.
A fixed supply based on what? And i call bs on "fixed supply" you can buy a fraction of a bitcoin. If i can buy .1 of a coin and .0001 then there is in fact an infinite supply. And what about "bitcoin miners"? I thought its generated that way
A fixed supply based on the code it was programmed and cannot be changed.
And that is the most retarded argument I've ever heard. You can have 0.0001 oz of gold too. Is gold infinite then?
What practical use does a digital currency have? Gold has actual uses. The difference between .00001 of gold and .00001 of bitcoin is that that the price of that bitcoin is volatile and isnt based on anything but "a fixed supply".