Originally Posted by Ashuiegi
sorry but the value of a country money is based on economic growth and many other real factor that are too complexe to be manipulated , the value of bitcoin is only sustained by big volume of speculation which is only controlled by the biggest share(bitcoins) holder. maybe it give you the impression of freedom but you re even more controlled by people that no one elected and have 0 accountability . It s like a fish going from an aquarium to a net being sure he s heading for the ocean ,.....
that is not secure at all , every transaction that you ever made is recorded , even if encoded it still recorded , when i spend my cash there is 0 trace of what i did with it , i can buy 200 dollar of candies, give them to a hobo or just keep them undefinitely, go in a brothel , there is no ways to know how i spend it.
it s not possible to prove that it s impossible to counterfeit or lure the system , there is also no way to know how many bitcoins were keep aside at the begening.
another point is do you declare what you have in bitcoins , is it taxable , should you pay taxe on them ? any governement could just declare them illegal in one night just for that reason because it s impossible to manage tax evasion in bitcoins, it s a threat to the national currency and taxe system. there is just no arguments or thing you could do against that from one day to another your money could be completely gone , no value internationally , no value inside your country , your legal national currency will never be worth nothing until the whole country is worthless,..... i call that very unsecure money
Sure...there is no money manipulation, no inflation, no artificial barriers...
In reality, countries can freely print as much money as they want for internal circulation...eventually trading partner countries might find out and the currency gets depreciated vs. other currencies, but there is little stopping them from literary printing money with very little to show for.
Fake and create lots of bitcoin? So do criminals counterweighting paper and coin money since day 1…impossible to stop that too.
Bitcoin is an artificial gimmick, true, it adds no value to our lives, true, but so does gold for example...
What's the value of gold? Its rare, its shiny, it was used as a gimmick exchange reference for ages. But does it "add" value to something? Not really. Rarity was its value.
Does that mean that with each gold mine found, things go south for the world economy? What if someone starts tapping into the vast amounts of minerals in the bottom of the ocean, or finds a way to refine volcanic magma based on molecular masses, much like we refine crude oil today? What if molecular scientists find a way to simply synthesize it from lighter elements?
Nothing is for granted, other than that Bitcoin gets manipulated just as much as anything else in stock markets and exchanges, where all those doing the “inside jobs” get away with it 99% of the time.
And as far as cash goes, those that need to know what you have, pretty much know what you have, unless you are getting cash money under the table. Most successful criminals know how to do that already, they need no bitcoins.
And as far as sustainability goes, plz, look around you, do some math...do you know what kind of embodied energy a gallon or liter of fuel has?
The combined carbon footprint of all BTC mined to date, is probably a day's worth of fuel for the US army playing around with a few tanks, or a minor mistake in the course of a warship, or lighting empty highway strips overnight in a couple of remote neighborhoods etc etc. and for californians - for sure it is less than what is wasted every day in fresh water in order to make our backyards in the middle of the once-desert, green (a commodity that embodies INSANE mounts of carbon in order to be moved around to SoCal).
It is clear that people don't care and most importantly cannot afford about having a small footprint in many of the important aspects of our lives - even those that pretent to.
Why? Cause of
many other real factor that are too complexe