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Old 12-07-2017, 07:26 PM
 
6,932 posts, read 8,057,027 times
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He's talking sense. Bitcoin has no utility other than being a digital credit. Forget about it being a currency. Currencies are not supposed to undergo rapid fluctuations.

https://youtu.be/fy16eIEux7U
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Old 12-07-2017, 07:31 PM
 
2,893 posts, read 1,058,038 times
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If the globalists don't like bitcoin, I'm in favor of bitcoin.
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Old 12-07-2017, 07:46 PM
 
77,778 posts, read 33,173,406 times
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Does it affect this guy in any way? If not, I'm not sure why his opinion is important.
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Old 12-07-2017, 07:47 PM
 
6,932 posts, read 8,057,027 times
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Quote:
Originally Posted by pknopp View Post
Does it affect this guy in any way? If not, I'm not sure why his opinion is important.
Stiglitz is a Nobel laureate.
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Old 12-07-2017, 07:49 PM
 
Location: In The Thin Air
12,241 posts, read 8,018,994 times
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Bitcoin is pretty much dead right now.
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Old 12-07-2017, 07:49 PM
 
Location: CA
4,166 posts, read 1,796,771 times
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So rather than giving people the option to use it, just ban everyone from using it?
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Old 12-07-2017, 07:54 PM
 
77,778 posts, read 33,173,406 times
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Quote:
Originally Posted by knowledgeiskey View Post
Stiglitz is a Nobel laureate.
So how does it negatively affect him?
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Old 12-07-2017, 08:00 PM
 
Location: Canada
5,876 posts, read 2,361,660 times
Reputation: 5326
Quote:
Originally Posted by knowledgeiskey View Post
He's talking sense. Bitcoin has no utility other than being a digital credit. Forget about it being a currency. Currencies are not supposed to undergo rapid fluctuations.

https://youtu.be/fy16eIEux7U
Sorry, IguessI am too suspicious Con-Folks who somehow suggest the "Their Bitcoin" tho NOT having any backings with so valuable!!

For those that believe this alter-ego currency is sustainable are being desperate..

Bitcoin has ZERO Connection to any economy ( which I'm sure some Love... But when the coin falls to the basement.... Just where are the investors going to go to claim " False Advertising/or False whatever"

Bitcoin and it's alternatives have been around for over a decade.. no leverage until this past year!! Losses will no doubt occur... not to mention a lot of bellyaching post failures.... Given Current American Leadership right now.. who knows just where the Global and North America will be post Nuclear or Trade explosions that will cause Increases across the board for especially USA!!

BITCoin glut right now is nothing but a signature of loss of faith in American $ and American's leadership.. Problem is no one can hedge their losses with unpredictability ... I wouldn't putONE DIME into any currency NOT backed by anything> but some obscure entity so why invest $16,000.00 for ONE Bitcoin" with NO backing?? SMH!!
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Old 12-07-2017, 08:03 PM
 
Location: NC
5,116 posts, read 1,798,518 times
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Quote:
Originally Posted by Timmyy View Post
Bitcoin is pretty much dead right now.

$17,895.80 USD (24.10%)

if that is dead, i want more dead.
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Old 12-07-2017, 08:05 PM
 
6,472 posts, read 1,905,369 times
Reputation: 6107
Quote:
Originally Posted by knowledgeiskey View Post
He's talking sense. Bitcoin has no utility other than being a digital credit. Forget about it being a currency. Currencies are not supposed to undergo rapid fluctuations.

https://youtu.be/fy16eIEux7U
Perhaps it should be outlawed, but it's untrue to say it has no social function.

Yeah, currencies aren't supposed to undergo rapid fluctuations. Tell that to Venezuela.
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