• aiccount@monyet.cc
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    23 days ago

    There isn’t a government run currency on the planet that has come anywhere remotely close to performing as good as bitcoin in the last decade. Give me something that goes up in value over something that only “slowly” falls in value like the EU or USD.

    • Flying Squid@lemmy.worldM
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      23 days ago

      Which proves that Bitcoin isn’t really currency, it’s an investment opportunity.

      You can trade stocks and bonds as “currency” too.

      • aiccount@monyet.cc
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        23 days ago

        Believe it or not, it can be and is used as both. If you have any other questions or things you think won’t work, just ask! A lot has happened in the last 5 years, and most issues people have with Bitcoin have been long ago solved. It is incredible how much different things are now, lots of old issues(like dealing with 0.0000015 issues) are no longer a problem.

        • Flying Squid@lemmy.worldM
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          22 days ago

          How is that no longer a problem? Have most humans somehow easily learned calculate numbers to that many decimal places in the last five years? Because I still find it difficult.

          Also, Bitcoin is way, way too volatile to be used as a currency in any stable economy. A can of Coke could cost twice next week as it did this week.

          • aiccount@monyet.cc
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            22 days ago

            The people who use bitcoin think in Satoshi now. There are many wallets and exchanges that allow you to denominated in sotishis. mBTC is another common denomination that people use and think in.

            It is true that bitcoin is starting out volatile, but it is still so early when you consider how long major currencies usually last. Things should settle down more and more as it becomes a larger and larger percentage of the economy. I bet gold probably started out pretty volatile, considering some people knew to value it and others didn’t.