Bitcoin is deflationary by design, but that’s an advantage, not a problem. It’s like saying that gold is bad, because it’s worth more and more every year.
all the advertisements presenting it as an “investment”
It has been one of the best returning investments since its birth. Even Black Rock and many other companies consider it as a great investment.
Also, I’m not sure who needs to move large quantities of money across the globe. I just want to exchange money for his it services.
Believe it or not, there are rich people who need to move large quantities of money to buy houses, to buy land, etc. You can also buy small things with Bitcoin, of course.
I don’t think they “need” that. I think they like that. I also think they are frequently monsters and making things cushier for them doesn’t translate to as better off a life for the rest of us as we would like to think. In fact them being able to move money quick to buy houses and land quickly… Seems like it may drive it up for the rest of us
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Bitcoin is deflationary by design, but that’s an advantage, not a problem. It’s like saying that gold is bad, because it’s worth more and more every year.
It has been one of the best returning investments since its birth. Even Black Rock and many other companies consider it as a great investment.
Believe it or not, there are rich people who need to move large quantities of money to buy houses, to buy land, etc. You can also buy small things with Bitcoin, of course.
I don’t think they “need” that. I think they like that. I also think they are frequently monsters and making things cushier for them doesn’t translate to as better off a life for the rest of us as we would like to think. In fact them being able to move money quick to buy houses and land quickly… Seems like it may drive it up for the rest of us