so it's a matter of trust.
what gives bitcoin value ? its only source of value is that people BELIEVE in it.
same for the dollar. people BELIEVE in the dollar.
mining bitcoin doesn't devalue it - it keeps going up - because the number of people believing in it is going up.
if dollar crashes it won't be because more of them was printed - but because people lost their trust in it.
frankly i see no reason to have faith in the dollar. we're losing to China economically. the entire world hates us because of Israel. BRICS are getting more and more integrated.
and yet what is the alternative ? if people were to convert dollars - what would they convert them into ? which currency holds value better while also being universally accepted ?
bitcoin is still too hard to use. most other currencies have higher inflation than dollars.
only Yuan ...
the Yuan is appreciating against the dollar ...
if Yuan becomes world reserve currency THEN you will see what hyperinflation looks like ... or what WW3 looks like
😃
Dissident Sound
npub1ns…2cgnl
2024-11-04 19:45:37
in reply to nevent1q…sx43
Author Public Key
npub1nshq4pcyzdmnewg4h8yu6tsuh5t72whzkz5x4wj7t0c0cy7yyrfqq2cgnlPublished at
2024-11-04 19:45:37Event JSON
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"content": "so it's a matter of trust.\n\nwhat gives bitcoin value ? its only source of value is that people BELIEVE in it.\n\nsame for the dollar. people BELIEVE in the dollar.\n\nmining bitcoin doesn't devalue it - it keeps going up - because the number of people believing in it is going up.\n\nif dollar crashes it won't be because more of them was printed - but because people lost their trust in it.\n\nfrankly i see no reason to have faith in the dollar. we're losing to China economically. the entire world hates us because of Israel. BRICS are getting more and more integrated.\n\nand yet what is the alternative ? if people were to convert dollars - what would they convert them into ? which currency holds value better while also being universally accepted ?\n\nbitcoin is still too hard to use. most other currencies have higher inflation than dollars.\n\nonly Yuan ... \n\nthe Yuan is appreciating against the dollar ... \n\nif Yuan becomes world reserve currency THEN you will see what hyperinflation looks like ... or what WW3 looks like\n\n😃 ",
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