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Topic	Bitcoin just hit $6000
clearaflagrantj 10/21/17 4:55:15 PM #35:	Damn_Underscore posted... Bitcoins don't have any inherent value. The US dollar has value because the entire country has agreed to use it as a currency. The US Dollar is literally a fiat currency, it too has no inherent value. Look at the German Weimar, look at the Zimbabwean Dollar, turned into useless paper overnight. The government made money out of thin air to bail out the banks that gambled and lost. You can't do that with Bitcoin. Bitcoin is more stable than any government backed currency because it's decentralized and controlled by consensus. <cite>clearaflagrantj posted [p:888866351] in Bitcoin ju... [t:75900003]...</cite> <quote><cite>Damn_Underscore posted...</cite> <quote>Bitcoins don't have any inherent value. The US dollar has value because the entire country has agreed to use it as a currency.</quote> The US Dollar is literally a fiat currency, it too has no inherent value. Look at the German Weimar, look at the Zimbabwean Dollar, turned into useless paper overnight. The government made money out of thin air to bail out the banks that gambled and lost. You can't do that with Bitcoin. Bitcoin is more stable than any government backed currency because it's decentralized and controlled by consensus.</quote> ... Copied to Clipboard!
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