I never said out system wasn’t a Ponzi scheme. It is. But to contradict your statement about bitcoin not being controlled by a central government, out system isnt controlled by government either. The issue with bitcoin is that the other party has to recognize the value of it. And with so many crypto currencies out there which one wins? And when the other fail what do you have to show for it. With that being said going from tangible asset backed to federal (it’s not) reserve and promissory. The other issue we all have to accept is that these systems and institutions are so embedded timeline wise as well as size it’s almost impossible to institute change.
Most of the other crypto currencies are shit for so many different reasons. Bitcoin is the original and has the highest price for a reason, partly because a lot of people throughout the world do recognize the value of it.
I never said out system wasn’t a Ponzi scheme. It is. But to contradict your statement about bitcoin not being controlled by a central government, out system isnt controlled by government either. The issue with bitcoin is that the other party has to recognize the value of it. And with so many crypto currencies out there which one wins? And when the other fail what do you have to show for it. With that being said going from tangible asset backed to federal (it’s not) reserve and promissory. The other issue we all have to accept is that these systems and institutions are so embedded timeline wise as well as size it’s almost impossible to institute change.
? You’re comparing a value of qty of 1 to each other. Not even apples to apples. Have a good day.
Most of the other crypto currencies are shit for so many different reasons. Bitcoin is the original and has the highest price for a reason, partly because a lot of people throughout the world do recognize the value of it.