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BITCOIN

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  • Scottex99
    Scottex99 Posts: 803 Forumite
    Ninth Anniversary 500 Posts Name Dropper Photogenic
    bugbyte_2 said:
    Good point. What is the problem that Crypto solves again?
    Damn you’re right, sell it all
  • Scottex99 said:
    bugbyte_2 said:
    Good point. What is the problem that Crypto solves again?
    Damn you’re right, sell it all
    What are your views on certain cryptos being adopted by the government as their own crypto.  

    For example, those saying that XLM and XRP will be used officially.


    (The person I've heard saying this is Jennifer Arcuri, Boris' ex).
  • Scottex99
    Scottex99 Posts: 803 Forumite
    Ninth Anniversary 500 Posts Name Dropper Photogenic
    Inevitable in some form or another but not crap legacy coins like Ripple and Stellar. I think Stellar has some links with Ukraine but that was the bull run days of 17 where most coins were supposedly being adopted by some company/country or another and it never came to anything worthwhile.

    Remains to be seen. BTC might be legal tender in more countries soon, It’ll be on a lot of balance sheets. I personally see millions of USDT/USDC flow every day but govs aren’t going to like that lack of control so will create their own CBCDs at some point. Good for the technology but not good for some of the assets, there’s still loads to play out and the space changes at a rapid pace. Saw a stat that 6% of all VC money went to crypto in last year (?), that’ll only get bigger in time
  • bugbyte_2
    bugbyte_2 Posts: 415 Forumite
    Part of the Furniture 100 Posts Name Dropper Photogenic
    Scottex99 said:
    bugbyte_2 said:
    Good point. What is the problem that Crypto solves again?
    Damn you’re right, sell it all
    Seriously, What is the problem that Cripto is trying to solve?
    Edible geranium
  • Zola.
    Zola. Posts: 2,204 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    bugbyte_2 said:
    Scottex99 said:
    bugbyte_2 said:
    Good point. What is the problem that Crypto solves again?
    Damn you’re right, sell it all
    Seriously, What is the problem that Cripto is trying to solve?
    An alternative financial system that's not rampant, debasing money printing. 
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic

    This parish shills equities/bonds
    You think equities/bonds are a swindle? 



    But what I will say is this: all investors today (even the older ones) have only ever known decreases in interest rates. They've come down from 18% in the 1980s to almost 0% today. Therefore an entire generation have got used to equities performing well. 



    Look back at history and you'll see that BOE base rate moved considerably . The final peak was 1989. After which we had the Nikkei crash, the Asian Debt Crisis, the Dot Com boom and the GFC.  To say equities performed well is something of an over statement. Was bonds against a backdrop of falling interest rates that provided a non correlated asset and provided positive returns. Equities are performing well because there's an excess of savings that need a home. Equities performing well doesn't mean that the underlying assets (i.e. companies) are though.  A different era but fundamentally the same game. 
  • lozzy1965
    lozzy1965 Posts: 549 Forumite
    Tenth Anniversary 500 Posts Name Dropper Photogenic
    edited 3 August 2021 at 2:09PM
    bugbyte_2 said:
    Scottex99 said:
    bugbyte_2 said:
    Good point. What is the problem that Crypto solves again?
    Damn you’re right, sell it all
    Seriously, What is the problem that Cripto is trying to solve?
    Innovation.

    “If I had asked people what they wanted, they would have said faster horses.”   Attributed, rightly or wrongly, to Henry Ford.

    It's how we end up with things that we never realised we couldn't do without.

    We may well be looking back in 10 or 20 years time saying, "Currencies, can you believe that used to be a thing?"  

    A bit like what the Euro was supposed to be.  You know, not having to change currency just because you are going on holiday to another country!!!

    Us youngsters :smiley: see that kind of thing as a benefit!
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    lozzy1965 said:
    bugbyte_2 said:
    Scottex99 said:
    bugbyte_2 said:
    Good point. What is the problem that Crypto solves again?
    Damn you’re right, sell it all
    Seriously, What is the problem that Cripto is trying to solve?
    Innovation.

    “If I had asked people what they wanted, they would have said faster horses.”   Attributed, rightly or wrongly, to Henry Ford.

    It's how we end up with things that we never realised we couldn't do without.


    Henry Ford invented the production line.  That's a productive advancement. 
  • at least henry ford didnt say he would accept bitcoin to buy his cars then change his mind.
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