This cunt wants to talk about volatility. Can't run a business. Can't run a country.
wsj.com
Bitcoin and (((Zuckerberg))) BTFO
To protect the hegemony of the U.S. dollar, they absolutely would, and it would be shortsighted to assume otherwise. The Chinese in particular aren't banking on that assumption.
Before economics, study reading comprehension, you lost track of what you were arguing.
Clearly hit a nerve. Your "le crypto will save us" rallying call was reminiscent of reddit. I made no argument in support of reddit contrarianism.
No, I didn't.
The point people are making always comes back to power. The U.S. federal reserve note is backed by the military. Until "technological currencies" gain the backing of military might, they will not succeed. The technology is interesting, don't get me wrong, you may for instance see FedBit down the road, but military force is mandatory.
The hype around bitcoin is really only fuelled by tech hipsters and speculators who wish to profit from the bubble. The biggest fans aren't actually interested in seeing it being used as a currency.
A brand of toilet paper only needs an army forcing others to hoard it in their vaults and not use it to buy imports to keep it "stable" if you're constantly printing a shit ton of it per second. And I say it in quotes because the jews in the US don't have the power to control that the money remains in those vaults and the jews based in asia or europe aren't tempted and take that money out of the vault to use it to buy goods and services from people in other countries. Remember, jews are selfish creatures. A jew won't hesitate to take a shit on another jew's racket if he thinks there is profit to be made and he can get away with it, and that the amount of toiler paper he can get away with to sell to the goyim for real goods and services for doing it is bigger than the amount he was getting from cooperating with the other jew's racket.
Glad we agree. The jews have used their power over the goyim to get them to accept toilet paper in exchange for real goods and services. That's what I've been saying all along!
The biggest fans are the retards who think the government won't shut it down as soon as it becomes a threat and the chinks who are allowed by their government to have electricity for cheap.
That's true, but not for the reasons you think. It has nothing to do with the US government forcing sandniggers to trade oil in dollars, and everything to do with the jews and their zogbots on every country in the world (not just the US) making it obligatory to give a monthly offering to the jews in the form of their respective toilet paper brand.
No, it's "backed" by the police and the IRS threatening to throw you in jail if you don't dance for a jews in exchange for their toilet paper, but that's the same for pretty much any country in the world.
If we strip away your sophistry, incessant use of "toilet paper and jews", all wrapped in a condescending tone to mask your lack of understanding, what we're left with is a reluctant omission that bitcoin is not going to supplant U.S. power.
*admission
Well, it's not going to supplant the power of any nation, not just the US. But that's precisely because when they become sufficiently scared of it they'll shut it down. A decentralized digital currency doesn't need banks, which means much less control by the government of under the table transactions, which threatens fiat because taxes are the main thing that gives fiat value in the first place.
The US dollar, among other currencies, is labor backed.
I'm not really fanatical about cryptocurrencies but they have their uses. These fucks are already unhappy that cash still exists and I'm sure it's only a question of time until it doesn't.