Pack it up boys, #Bitcoin is going to die 😆
Discussion
Yes - my prediction is that when Federal Reserve Note & Euro both die so does Bitcoin.
It is also possible somebody could back Bitcoin with gold by offering to buy Bitcoin for gold at some fixed rate & selling Bitcoin for gold at a slightly different fixed rate (creating a spread). But they would be limited in "issuance" & I expect they would just create their own ledger rather than try to use Bitcoin.
Peter Shiff along others, is already offering gold for #Bitcoin, keep up.
Your prediction is pointless. I can say the same about gold.
How exactly would gold die? People just giving it away on the street corner? The physical material is unlikely to evaporate.
When Bitcoin dies, it won't be "free", it just won't be traded. No one will think about it, no one will accept it as payment. It will be just another fad of the past, like Furby or South Sea Company stock.
IT HAS VALUE BECAUSE I
AND THE PEOPLE I WANT TO TRADE WITH
SAY IT DOES
#MengerWins
What a failed understanding of money he has 🤦♂️
Tell him to read Broken Money by Lyn Alden then come back for further discussion. If that doesn’t enlighten him, then he is a lost soul.