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StockSniper00

09/20/19 2:24 AM

#12524 RE: tommer #12509

"Lets see if you get when you lower interest rates on an infinite currency you devalue it as a opposed to a currency with only 18 million that is finite and cant be devalued, it makes the finite currency more valuable

2 interest rate drops in the next 3 months"

Not really because anyone can create a cryptocurrency so there is theoretically an unlimited supply. Bitcoin contains all of the same issues as government fiat. The only sound money is that which is backed by physical goods such as gold and silver.

Plus there is the issue of adoption. Bitcoin is stuck in a paradox. In order to gain mass adoption, it needs to smooth out volatility but that will only happen with mass adoption. Bitcoin will never jump "the chasm".