Quote:
Originally Posted by Barry-xlovecam
Bitcoin Is NOT The New Gold
Bitcoin and other digital coins are a real threat to the payment processing and banking industry if they ever catch on. Currencies are a medium of exchange and not a long term storage of wealth. If you held the US dollar with no interest since 1960 that same dollar is worth less than $0.22
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The government can print all the money it wants whenever it wants. It also can control the distribution and taxation. Currency is tangible, digital is not. The government determines the value of the dollar artificially or not. People determine the value of a digital coin.
Decentralization is the real threat.