General Discussion

Hekate

(95,286 posts)

12. Long-term? Like from what date is she counting? Because dollars have been around the US since the 1770s...

Thu Dec 19, 2024, 09:10 PM

Thursday

… and backed by the full faith and credit of the US Federal Treasury.

Bitcoins, otoh, are backed by the faith of fantasists. One good hack from the Chinese will render Bitcoin “mines” useless. Or — imagine an EMP going off — pfft.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

40 replies

= new reply since forum marked as read

Highlight:

Bitcoin's long-term growth 'far exceeds' the US dollar: Sen. Lummis [View all] Zorro Thursday OP

The bdamomma Thursday #1

BitCon is backed by zero assets but even tulip bulbs were the rage once. nt yaesu Thursday #2

And for some reason we must believe a Republican?................ Lovie777 Thursday #3

What? Blue Full Moon Thursday #4

'Cause it's IMAGINARY! elleng Thursday #5

Wyoming should be merged with Montana or Idaho Yo_Mama_Been_Loggin Thursday #6

If you're going to do that... jmowreader Monday #18

And even at 3.7 million residents DFW Monday #23

Simpson? TimeToGo Monday #33

He was a hell of a lot better than the mob in there now jmowreader Monday #39

I mean sure TimeToGo Monday #40

Looks like 2025 will be an exciting year for those of us still using dollars to pay for rent, food, and medicine 0rganism Thursday #7

I say: back US currency with tulip bulbs! struggle4progress Thursday #8

The stupidity of this timeline is exhausting neverforget Thursday #9

It truly is 😔 Blue_Tires Thursday #14

IF you take the most wildly optimistic valuation for BTC (I have seen a $3m per BTC target by 2030) and assume that the Celerity Thursday #10

Fuck off, Bitcoin Whore hatrack Thursday #11

I get it, we don't like either of the women mentioned - But that justifies this misogynistic slur, how, exactly? Lancero Thursday #13

Long-term? Like from what date is she counting? Because dollars have been around the US since the 1770s... Hekate Thursday #12

With the approval of Crypto ETFs by the SEC because of pressure by walkingman Monday #15

Fantasy Currency, Backed by Cocaine Dreams. MineralMan Monday #16

The final pump before a great dump? hunter Monday #17

"always volatile in an upward direction" WTF does that even mean? Wounded Bear Monday #19

In my opinion, that is why they wanted to shut down the government... kentuck Monday #20

"Only 21 million bitcoin will ever be mined" Retrograde Monday #21

I believe the 21 million is "hard-built" into the system Disaffected Monday #24

Yes, the maximum total supply of Bitcoin is 21 million. awesomerwb1 Monday #29

Bitcoin will soon have a 1929 style crash. n/t Jacson6 Monday #22

Well, I hope Senator Lummis puts all his money in Bitcoin then. I also hope he drinks raw milk. Vinca Monday #25

Fed has the ability to create US Dollars infinitely bucolic_frolic Monday #26

Poof and its gone, its aim to get something from nothing Historic NY Monday #27

Crypto isn't going anywhere awesomerwb1 Monday #28

I thought there would be a melt down in Bitcoin like the 2008 doc03 Monday #30

A crypto collapse has the potential to make the subprime mortgage crisis Liberal In Texas Monday #31

I'm thinking she has a closet full of bit coin. (just trying to get some more IDIOTS on board) bluestarone Monday #32

👀💰 underpants Monday #34

ZERO basis in anything of real value, just speculation. $$$ are backed by we taxpayers. BTC ZIPPO dutch777 Monday #35

Ummm. Does anyone remember inflation? And Bitcoin can be complicated on a day to day basis. haele Monday #36

Republicans are going to fleece a lot of people via E currency Bristlecone Monday #37

One crypto currency out of many. keithbvadu2 Monday #38