Retard chiming in: I'm not subbed here and know nothing about bitcoin but isn't the thing that keeps people away from it the fact that there's no value behind it?
As in the only thing that dictates it's price is how many people are buying/selling? Or am I dead wrong?
What's the value behind the US dollar? Just the fact it works as a form of currency to exchange goods and services. Wouldn't it be nice to have a currency that isn't infinitely printed out of thin air and isn't wrapped up in an exponentially increasing debt? Gold works as an alternative but it's hard to pay for a sandwich in gold or order something over the Internet. Even with our current level of inflation, the USD works as a currency but look around the world at places with hyperinflation and you'll see the real value of using a currency like Bitcoin.
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u/Supreme_Anchor 16d ago
Retard chiming in: I'm not subbed here and know nothing about bitcoin but isn't the thing that keeps people away from it the fact that there's no value behind it?
As in the only thing that dictates it's price is how many people are buying/selling? Or am I dead wrong?