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bitcoin was seen as valuable by the people who owned most of it, not by some regulatory system.
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That’s why the dollar has been the standard till now
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to be fair, legal tender is only worth something because we believe it is.
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https://bitcoinmagazine.com/news/bitcoin-price-plunges-toward-60000
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https://bsky.app/profile/jjbbllkk.bsky.social/post/3me5okhg2hs2b
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https://www.ringsidenews.com/adam-pearce-flips-off-racists-facebook-post-bad-bunny-backlash/
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I know the feeling some ppl can smell it before it happens
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it's worse than monopoly money as there's no physical representation, it's literally all zeros and ones on a computer.
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The biggest issue is the value is largely controlled by the largest holders of bitcoin
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yeah it's not like there's an FDIC with bitcoin. ;D
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It’s backed to nothing other than the belief it has value lol
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Money is just manufactured belief like religion as a trade-able store of value
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For almost 80 years when a depression, calamity or something hits the world the us has always been dependable that no matter the state of the world they’ll always honor their debts and be transparent
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That’s why currency in countries make more sense it’s backed on the acknowledgement that government will pay what’s owed
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Bitcoin isn’t based on any sound reasoning as a currency
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It’s gonna be louder in April with over 124,693
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Fans and personalities in the sports is letting how we feel
https://m.youtube.com/shorts/_5m1G7v7yDU
When my fantastic turned 30, he celebrated with an Irish wake to enjoy it while he was still alive
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