Quote (addone @ Mar 9 2022 02:41pm)
Yea I was talking about the price, which is directly tied to emotional whims of the public or big influencers like Musk with a drop of a tweet can raise or tank your life savings.
The dollar is slowly going down due to inflation but it's stable enough to adjust.
When I was talking about interest I was referring that bitcoin is still subject to borrow and lending interest like the dollar. What happens when you borrow 10 bitcoin and have to pay 11?
They have mass surveillance and corrupt government that if you are speaking out in any way that displeases the egos of the leaders they will put you in re-education facility. Free speech or freedom of the press or access to information is controlled and is restrictive.
If China decides it wants to vaccinate there is not much you can do.
https://www.youtube.com/watch?v=rKek0Y30Ctw
All markets are subject to the whims of billionaires tweeting opinions. Not just btc or doge.
Look at the recent explosion in nickel, a stable metal market that just went parabolic because a single multi billionaire was being short squeezed.
The interest in lending is fine, it exists everywhere. That risk is pushed to the pools of lenders and works WAY BETTER ON BLOCKCHAIN than on any traditional market because it removes the middleman components almost completely and give borrowers better rates and lenders better collateral options.
Fiat is not stable, it's been declining steadily ever since 1913 and has recently been so volatile and printed I to oblivion, the effects are yet to be felt, but as you can see now.. It's beginning to look a lot like inflation everywhere you look and your cash is devaluing 15% a year right now.
Bitcoin is by far the superior product right now.