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[Dagov]

What kind of value might Bitcoin possibly have if it doesn't exist in the real world?
Similar to how an operating system like your computer or smartphone exists in the physical world, bitcoin is a real thing. Keep in mind that it's really just software, and it's obvious that some kinds of software are valuable due to the things they let us accomplish.

 

[Lens_]

The value of bitcoin was designed never to be stable because it will continue to move greatly because that was how it was designed and it is one of the wonderful blockchain technology in history.

 

[Riberet19]

The value of bitcoin was designed never to be stable because it will continue to move greatly because that was how it was designed and it is one of the wonderful blockchain technology in history.

Bitcoin was not created to be volatile, it is volatile because it still does not have much adoption and is measured against fiat currency like all assets, if the adoption of bitcoin continues to grow and there is more market capitalization its price will become more and more stable, just as gold could be.

 

[Margery]

The value of bitcoin was designed never to be stable because it will continue to move greatly because that was how it was designed and it is one of the wonderful blockchain technology in history.

It was not designed to constantly change its value. He had volatility only after he entered the virtual financial market. And then, its value depends on how much they believe in it. There will be more negative news and its value will fall again.

 

[Riberet19]

It was not designed to constantly change its value. He had volatility only after he entered the virtual financial market. And then, its value depends on how much they believe in it. There will be more negative news and its value will fall again.

Exactly, Bitcoin entered the financial market in 2011 before that I think it is not even measured in fiat money, one can think that Bitcoin will always be volatile because it will always be measured against fiat, but if we look at it totally inversely, fiat is also totally volatil right? Because it does not stop falling in value and a bitcoin increasingly costs more fiat currency.

 

[Japhnet]

I think that it wouldn't make a difference if it's tangible. It's in a software form and there's equally important value as physical currencies like fiat.

 

[Margery]

Exactly, Bitcoin entered the financial market in 2011 before that I think it is not even measured in fiat money, one can think that Bitcoin will always be volatile because it will always be measured against fiat, but if we look at it totally inversely, fiat is also totally volatil right? Because it does not stop falling in value and a bitcoin increasingly costs more fiat currency.

It is possible to say so. Although how to look at it. After all, then you need to take one thing with respect to both currencies and measure their value. So far there is no such tool. Previously, fiat money was pegged to gold. However, in 1971 the United States decided to abandon such a standard.

 

[Mayorla]

I think we are past this level already.

Bitcoin has a value in the real world, just like every other assets. Bitcoin has reached an All time high price of almost $70,000 and you still think it does not have a real world value?.

 

[Riberet19]

It is possible to say so. Although how to look at it. After all, then you need to take one thing with respect to both currencies and measure their value. So far there is no such tool. Previously, fiat money was pegged to gold. However, in 1971 the United States decided to abandon such a standard.

Exact with the Nixon treaty if I remember correctly when leaving the gold standard and now we live in the fiat environment where everything is a speculative bubble, and money stopped being productive for the most part, and now they want to change to an even more unreal environment that is that of CBDCs, money has gone from being something totally real and productive to something non-existent and increasingly speculative and without sense.

 

[Margery]

Exact with the Nixon treaty if I remember correctly when leaving the gold standard and now we live in the fiat environment where everything is a speculative bubble, and money stopped being productive for the most part, and now they want to change to an even more unreal environment that is that of CBDCs, money has gone from being something totally real and productive to something non-existent and increasingly speculative and without sense.

I'm talking about this, fiat money has long been not backed by anything physical. In fact, they are not even worth the paper they are printed on. All their value rests only on the trust in the state that produces them. Now they won't even print, they'll just draw as much as they need on the computer and that's it! We live in interesting times, however!

 

[Riberet19]

I'm talking about this, fiat money has long been not backed by anything physical. In fact, they are not even worth the paper they are printed on. All their value rests only on the trust in the state that produces them. Now they won't even print, they'll just draw as much as they need on the computer and that's it! We live in interesting times, however!

People may turn to the gold-backed yuan and ruble, because this is simply a move to take the dollar away from its strength and for investors to look for a better asset, that is, their currencies, which investors will prefer a dollar backed by debt and promises, an electronic CBDC that is the same as the previous but digital, or a gold-backed currency?

 

[Margery]

People may turn to the gold-backed yuan and ruble, because this is simply a move to take the dollar away from its strength and for investors to look for a better asset, that is, their currencies, which investors will prefer a dollar backed by debt and promises, an electronic CBDC that is the same as the previous but digital, or a gold-backed currency?

Such a digital currency as CBDC is not secured by anything. They simply tie it to fiat currency one to one. That is, it turns out that it has the same inflation rate as that of a conventional currency. It's just that I don't understand why it's needed. Do they want to compete with bitcoin? Do they think that local digital currencies will have such a level of capitalization?

 

[Riberet19]

Such a digital currency as CBDC is not secured by anything. They simply tie it to fiat currency one to one. That is, it turns out that it has the same inflation rate as that of a conventional currency. It's just that I don't understand why it's needed. Do they want to compete with bitcoin? Do they think that local digital currencies will have such a level of capitalization?

I don't think it's that they really want to compete with Bitcoin, because they could have catapulted it when they wanted according to my understanding, what they have discovered is that Blockchain technology gives them the opportunity to have total control over money as they have always craved, and therefore total control of your freedoms.

 

[Margery]

I don't think it's that they really want to compete with Bitcoin, because they could have catapulted it when they wanted according to my understanding, what they have discovered is that Blockchain technology gives them the opportunity to have total control over money as they have always craved, and therefore total control of your freedoms.

I don't know, I didn't even wonder if CBDC has a blockchain. The Chinese digital yuan definitely does not have it. That is, it is not even a cryptocurrency.
If they have, the rest have a blockchain, then, as I said, everything falls into place. Everyone stays as they are now.
Central banks become validators confirming transactions, only they will already know exactly who goes where and how much to whom! We will be simple miners in the mode like the Ethereum algorithm. All wallets will be in banks, not necessarily state ones. Yes, what can I say, a lot of parallels can be translated.
Time will pass, everything will settle down, they will persuade the whales or force them to exchange cryptocurrency for CBDC, the cryptocurrency market will collapse and that's it! Hello new financial era! Only now the kings will remain the same.

 

[Riberet19]

I don't know, I didn't even wonder if CBDC has a blockchain. The Chinese digital yuan definitely does not have it. That is, it is not even a cryptocurrency.
If they have, the rest have a blockchain, then, as I said, everything falls into place. Everyone stays as they are now.
Central banks become validators confirming transactions, only they will already know exactly who goes where and how much to whom! We will be simple miners in the mode like the Ethereum algorithm. All wallets will be in banks, not necessarily state ones. Yes, what can I say, a lot of parallels can be translated.
Time will pass, everything will settle down, they will persuade the whales or force them to exchange cryptocurrency for CBDC, the cryptocurrency market will collapse and that's it! Hello new financial era! Only now the kings will remain the same.

I do not even think that they make the whales sell their cryptocurrencies for CBDCs to tell the truth, since they will control what can be bought with them and what can not and could prohibit access to the cryptographic market programming them like this, everything can be as they want, in short, if the cryptographic market collapsed by the CBDC there would be no escape valve to this.

 

[Gen Evie]

Bitcoin doesn't need to be backed by anything tangible to be valuable; like fiat currencies, much of its value derives from consumer confidence.Bitcoin's value is a function of this scarcity. As the supply diminishes, demand for cryptocurrency has increased. Investors are clamoring for a slice of the ever-increasing profit pie that results from trading its limited supply.

 

[Bigron]

Despite not having the same physical existence as money or gold, bitcoin is supported by a decentralized system comprised of computers and algorithms for cryptography that guarantee its dependability and security. Bitcoin can also be used to buy products and services from businesses that embrace it as a payment option.

 

[Kunlee1]

What is the real world? This is it!
Bitcoin is bitcoin, the father of all coin, it has come to stay no doubt about that , and it will continue to generate the value it brought over time increasingly

 

[Lens_]

The price of Bitcoin is driven by demand and supply mechanis. It's very crucial to understand the logic behind the price movement of Bitcoin before we can think of keeping it as an asset.

 

[Gamer01]

It gives us privacy and speed of transactions across the borders any asset or product is valued by how much impact it create , the impact of bitcoin is such as that those who didnt wanted to be using normal cash started using it and from nothing it went to about $70k that is the value what bitcoin should have actually .

 

[Sammydan]

Bitcoin doesn't exist in real world but it exists in online. And most of things are now being done online. That's why it's valuable. In online, bitcoin is the most acceptable digital currency. It can be used to purchase things online and make payment online.