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Bitcoin is Stupid and Does Not Deserve an Emoji (blog post)
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this post was submitted on 04 Aug 2024
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Turkey's currency dropped 83% in the last 5 years and 94% in 10 years (per USD). And by the way: It dropped and did not rise the same amount ever again...
Why can't we just agree that different people might have different views whether it's useful for them?
Is it more stable compared to USD? No. Is it more stable compared to dozens of other currencies? Yes.
I think, there are very good arguments against BTC, for example the energy consunption... But whether it's too risky for you or not... That's highly subjective IMO. There is no country on this planet with only BTC as official currency. So, no one is forced to hold 100% of their total money in BTC.
So the argument is no longer "Bitcoin provides stability" or whatever, but instead is, "it's no more unstable than the world's most unstable national currency"?
Please tell me where I (or anyone) wrote "Bitcoin provides stability" without comparing it to another currency....
I assume, arguing with you is an endless circle where you argue against fake arguments that no one has brought up. I'll therefore end this here. Why are you like this?
Hey look, I wasn't the one that wrote this:
"E.g. for people in Turkey, it’s a lot more stable than their own currency. Same logic for probably dozens of other countries…"
Is the "dozens of other countries" statement something you no longer stand behind, or are you done being rude?