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Old 02-05-2018, 11:07 AM
 
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Quote:
Originally Posted by pdw View Post
It's giving the illegal drug and weapons trade a way to bypass government oversight and bitcoin is impossible to tax because it's completely anonymous.
You could say the same thing about $100 bills, but nobody has banned those yet.
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Old 02-06-2018, 12:31 PM
 
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Bitcoin is unstable because it is a nascent asset whose primary purpose appears to be hedging against inflation. It quacks like a non-physical alternative to gold, but its newness renders it too weird to settle into its hedging role.
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Old 02-06-2018, 01:43 PM
 
Location: Tennessee
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I don't know if it was "engineered" to swing wildly, but all it is to me right now is speculation.
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