Come on, dudes. Bitcoin is not about economics, it's about programming. People who understand economics know little about bitcoin.
Well, yes, if you think bitcoin is going to replace fiat currency, then of course economists know a lot about that. But if you think bitcoin is going to replace fiat currencies you are an idiot.
Some people believe the value of bitcoin is $9k (the current price in dollars).
Some people believe the value of bitcoin is having a wholly math-based system of exchanged controlled by no central party.
Some people believe the value of bitcoin is having a wholly math-based system of exchanged controlled by no central party.
Yes, there are a lot of tulip farmers out there who think the cheer bitcoin's price when it goes up and excuse it when it goes down.
But then there are people like me who use bitcoin without caring about the current exchange rate.
But then there are people like me who use bitcoin without caring about the current exchange rate.
Like that time I bought school supplies in Canada to send to my niece studying in Canada. My credit card was rejected, because of the risk of charge backs due to fraud. So I used bitcoin instead, because there are no charge backs.
How cryptocurrencies work, from Ethereum programmable contracts, to Zcash's anonymous transaction, is math and code. Why things like Iota are snakeoil scams is also about math and code.
