Dan Pena is definitely shorting bitcoin. Bitcoin can't go to zero until everybody has sold it.
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theblackswordsman (Old Spike)
The reason why bitcoin is worthless as crypto is because it's not a true privacy coin. Almost none of them are except (as of Macafe's video) Monero and his closed community ghost coin. And those coins become stripped of privacy once they pass through a centralized market such as any of the trading platforms.
Crypto is not intended to be a market. It's meant to be used outside of the centralized system.
Now as for it's usefulness in market. It can be used for that like it has been. But with inflation on the rise if it goes too far then the value crashes.
What happens if the U.S. defaults on it's debt? If the U.S. defaults on it's debt what happens to every country that heavily invested in U.S. debt.
A chain reaction that will destroy the world economy. The great depression but far worse because many more countries are holding way more debt.
The banks can then legally seize a nations assets to pay back the loans. Unless nations say no with their militaries.
If that will happen, that is to be seen.
What will become increasingly valueable is privacy, skills, food and ammunition. Back to basics under a systematic collapse.
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stokkebye (sounds retarded)
Yeah, for years I was under the impression it was a privacy thing that made it worth it, just a few months ago I found out that was wrong.
Comments
(sounds retarded)
Just saw a ghost!!!
(Old Spike)
Dan Pena is definitely shorting bitcoin. Bitcoin can't go to zero until everybody has sold it.
(Old Spike)
The reason why bitcoin is worthless as crypto is because it's not a true privacy coin. Almost none of them are except (as of Macafe's video) Monero and his closed community ghost coin. And those coins become stripped of privacy once they pass through a centralized market such as any of the trading platforms.
Crypto is not intended to be a market. It's meant to be used outside of the centralized system.
Now as for it's usefulness in market. It can be used for that like it has been. But with inflation on the rise if it goes too far then the value crashes.
What happens if the U.S. defaults on it's debt? If the U.S. defaults on it's debt what happens to every country that heavily invested in U.S. debt.
A chain reaction that will destroy the world economy. The great depression but far worse because many more countries are holding way more debt.
The banks can then legally seize a nations assets to pay back the loans. Unless nations say no with their militaries.
If that will happen, that is to be seen.
What will become increasingly valueable is privacy, skills, food and ammunition. Back to basics under a systematic collapse.
(sounds retarded)
Yeah, for years I was under the impression it was a privacy thing that made it worth it, just a few months ago I found out that was wrong.