You responded to the wrong post. Well I don't agree with, sounds like a stupid statement. But in general Austrian Economics is solid.
In cryptocurrencies Bitcoin used to be the closest it can get to money, obviously altcoins are too speculation driven and not much usecase.
Bitcoin does have a large userbase and many merchants, so that is a good step and it fulfills almost all requirements of money except fungibility, which could be a big problem.
Plus the recent UASF fiasco, and corruption allegations, it makes me very skeptical about bitcoin.
Perhaps Monero or other anonymous cryptocurrencies will be the solution to the fungibility problem.
Yes like what good does that fame do? Basically the entire society is laughing at him what a loser he was for doing that.
It's more like infamy or a shame, I definitely don't want to be the guy who loses a private key worth 1 trillion $.
Sounds like we'll have to wait a hundred years to be sure! ;)
You responded to the wrong post. Well I don't agree with, sounds like a stupid statement. But in general Austrian Economics is solid.
In cryptocurrencies Bitcoin used to be the closest it can get to money, obviously altcoins are too speculation driven and not much usecase.
Bitcoin does have a large userbase and many merchants, so that is a good step and it fulfills almost all requirements of money except fungibility, which could be a big problem.
Plus the recent UASF fiasco, and corruption allegations, it makes me very skeptical about bitcoin.
Perhaps Monero or other anonymous cryptocurrencies will be the solution to the fungibility problem.