tech

Bitcoin tops $8,000 as it hits highest since July 2018

7 Comments
By Gertrude Chavez-Dreyfuss

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7 Comments
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First the pump, then the dump.

1 ( +1 / -0 )

Virtual currencies have no foundation -- only their own fragile frameworks. When the bill comes due, there is nothing to back it up, and the entire convoluted and tenuous apparatus will tumble like a house of cards.

0 ( +1 / -1 )

Virtual currencies have no foundation -- only their own fragile frameworks.

The same thing can be said of FIAT currencies. They only exist on their own fragile frameworks.

When the bill comes due

When what bill comes due?

the entire convoluted and tenuous apparatus will tumble like a house of cards.

Again, the same thing can be said of FIAT currencies. Just ask the Argentinians or the Greeks.

3 ( +3 / -0 )

I like it when the number goes up.

0 ( +0 / -0 )

Does anyone actually use these Bitcoins... and what for?

1 ( +1 / -0 )

Does anyone actually use these Bitcoins... and what for?

Some people use them for investment, others use them for purchases. There are Bitcoin credit/debit cards that can be used for payment: https://www.thebalance.com/how-do-bitcoin-credit-cards-work-4173215

1 ( +1 / -0 )

The same thing can be said of FIAT currencies. They only exist on their own fragile frameworks.

FIAT currencies are backed by governments with guns. They demand payment of taxes in said FIAT currency thus providing the impetus for everybody to be in possession.

0 ( +0 / -0 )

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