I'm baffled people throw capital into this fiat digital currency that can barely be spent and has no intrinsic trade value. 40 million dollar market cap purely off hopes and dreams?
Sidepost, anybody got a good audiobook source for Das Kapital? I feel like this could sense from a dialectical analysis.
If you bought car in euro and returned it in usa, you’ll also get hit with exchange rate fluctuations. It’s basically consumer right protections kicking in, not immutable exchange relations.
On the other hand crypto mania can be seen as giant inflationary release valve for excess dollars in the economy, which is inflating as big dollar intrinsic value is dropping like a stone, you can’t buy shit for investment if compared before the pandemic, market is higher, houses are higher, commodities are higher, everything is too expensive/inflated.
maybe but there is nowhere where I could get it refunded in the bitcoin price as in pay 1 bitcoin and get refunded 1 bitcoin. And the price of everything you buy fluctuates to be exactly the same as the currency bitcoin is acting as a substitute for
Ah, I see someone has not lived with rapidly changing currency fluctuations, where price can shoot 20 percent in a week cause something happened:) yeah, you cannot get refunded in bitcoin of course, cause it’s not subject to laws basically.