Love the topic... here is a question that may have been answered, but I’m not reading well enough to fully understand... the potential “bubble” people talk about is relative to the value of the US dollar, which is still essentially the world’s reserve or benchmark currency. So YES, you can directly buy goods and services with Bitcoin, b…
Love the topic... here is a question that may have been answered, but I’m not reading well enough to fully understand... the potential “bubble” people talk about is relative to the value of the US dollar, which is still essentially the world’s reserve or benchmark currency. So YES, you can directly buy goods and services with Bitcoin, but if I understand correctly, they are all priced in dollar or euro and then sold at the exchange rate for Bitcoin. What would it take for commodities to be priced in Bitcoin and then the value of a dollar be tied to its exchange value in Bitcoin? In the wake of our current spiral into MMT and profligate spending of money that didn’t exist before we spent it, that is quite a scary thought - hoping someone can tell me I’m missing something.
Love the topic... here is a question that may have been answered, but I’m not reading well enough to fully understand... the potential “bubble” people talk about is relative to the value of the US dollar, which is still essentially the world’s reserve or benchmark currency. So YES, you can directly buy goods and services with Bitcoin, but if I understand correctly, they are all priced in dollar or euro and then sold at the exchange rate for Bitcoin. What would it take for commodities to be priced in Bitcoin and then the value of a dollar be tied to its exchange value in Bitcoin? In the wake of our current spiral into MMT and profligate spending of money that didn’t exist before we spent it, that is quite a scary thought - hoping someone can tell me I’m missing something.