Thursday, February 13, 2020 6:22:51 PM
It is not backed by anything of value but the same can be said by every government backed currency once we all went off the gold standard. Same risk categorization. Not an issue for me and all those currently using crypto currency.
It is the opposite of digital monopoly money as monopoly money is easily counterfeited. It is technically impossible to counterfeit Bitcoin.
You say that the only thing that legitimizes bitcoin is that it is now treated as a commodity. However, the first legitimate futures market for bitcoin started in the fall of 2018. Bitcoin has been around for over 10 years. I guess you missed that point too.
Bitcoin is based on a real digital technology for a more efficient way of conducting commerce. It is not a fad nor will it be a bad dream some day. Why is China and the US now is a race to create their own digital currency to compete with bitcoin?
That is like calling blue tooth technology a fad several years ago.
It is ok that you just don't understand yet. Live and learn.
Recent BTCUSD News
- Bitcoin price risks 1-week lows as US GDP sparks 'stagflation' woes • Cointelegraph • 04/25/2024 02:01:45 PM
- Iconic ‘Buy Bitcoin’ sign from Yellen’s hearing nets $1 million • Crypto Briefing • 04/25/2024 02:01:12 PM
- Here’s the 6 biggest crypto VC deals in Q1 2024 and late 2023 • Cointelegraph • 04/25/2024 02:00:13 PM
- Decentralized AI is key to more unbiased AI algorithms — Masa co-founder • Cointelegraph • 04/25/2024 02:00:00 PM
- Avail integrates leading layer-2 networks to create more cost-efficient chains • Cointelegraph • 04/25/2024 01:45:21 PM
- DeFi bull market confounds expectations with RWAs and ‘recursive airdrops’ • Cointelegraph • 04/25/2024 01:35:00 PM
- Turkey tops the world in stablecoin buying share vs. GDP • Cointelegraph • 04/25/2024 01:00:00 PM
- Here’s what happened in crypto today • Cointelegraph • 04/25/2024 12:54:10 PM
- Why Is The Crypto Market Down Today? Key Reasons Explained • NEWSBTC • 04/25/2024 12:30:17 PM
- Memecoins are like a ‘risky casino’ — Andreessen Horowitz exec • Cointelegraph • 04/25/2024 12:17:31 PM
- OKX Jumpstart lists Meson Network for BTC and ETH staking event • Crypto Briefing • 04/25/2024 12:09:10 PM
- How blockchain-based voting can restore trust in the electoral process • Cointelegraph • 04/25/2024 12:06:13 PM
- Will the SEC Approve a Spot Ethereum ETF? Bloomberg Analyst Eric Balchunas Says He’s ‘Pessimistic’ – Here’s Why • The Daily Hodl • 04/25/2024 11:45:57 AM
- US SEC expected to deny spot Ether ETFs next month • Cointelegraph • 04/25/2024 11:03:29 AM
- Top FSC Democrat says stablecoin bill is imminent • Crypto Briefing • 04/25/2024 10:33:17 AM
- BNB Chain will enable native liquid staking on BSC • Cointelegraph • 04/25/2024 10:00:00 AM
- Morgan Stanley mulls allowing brokers to recommend Bitcoin ETFs • Crypto Briefing • 04/25/2024 09:32:11 AM
- Stellar The New Star: XLM On Tear As Analyst Predicts $0.47 Price Target • NEWSBTC • 04/25/2024 09:30:08 AM
- Nigeria puts faith in new crypto-friendly regulator • Cointelegraph • 04/25/2024 09:06:07 AM
- Tokenization’s next phase requires real-world data integration — Chainlink • Cointelegraph • 04/25/2024 07:50:39 AM
- Bitcoin short liquidation risk surges as BTC price dips under $64K • Cointelegraph • 04/25/2024 07:43:35 AM
- EU enacts crypto regulations to combat money laundering • Cointelegraph • 04/25/2024 07:16:07 AM
- Bitcoin To Send the Whole Crypto Market Flying Once BTC Breaks Out Above This Level, Predicts Top Analyst • The Daily Hodl • 04/25/2024 07:04:46 AM
- Negative Nirvana? Decoding The First Bitcoin Funding Rate Dip Of 2024 • NEWSBTC • 04/25/2024 06:22:56 AM
- 2 on-chain metrics suggest Bitcoin at its ‘best moment to buy’ • Cointelegraph • 04/25/2024 06:04:25 AM
FEATURED Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • Apr 25, 2024 8:52 AM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process • KGKG • Apr 25, 2024 8:30 AM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM