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Thread: Is this a solution in search of a problem?

  1. #1
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    pjohns's Avatar Senior Member
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    Is this a solution in search of a problem?

    For many years, I have gotten along just fine with the US dollar.

    Now, however, there seems to be some fetish for "cryptocurrency"--as regarding which, Bitcoin is the chief player.

    Is there really some good reason why we should abandon the dollar, in favor of Bitcoin?

    This is a serious question.

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    carolina73's Avatar Senior Member
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    Hell no.

    Your dollar may be getting killed by inflation but imagine the paychecks you put in your bitcoin wallet at the beginning of the year that can only buy half as much this month.
    This weeks pay check or SS check will only buy half as much.

    One week you would think you are rich and the next could not pay the rent.

    Then your bitcoin wallet gets hacked. Who ya gonna call?
    Let's go Brandon !!!

  3. The Following 3 Users Say Thank You to carolina73 For This Useful Post:

    FindersKeepers (05-13-2022),pjohns (05-13-2022),RMNIXON (05-13-2022)

  4. #3
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    Peter1469's Avatar Advisor
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    No reason to get crypto unless you want it, understand it, and accept the risks.
    ΜOΛΩΝ ΛΑΒΕ


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    carolina73 (05-13-2022),FindersKeepers (05-13-2022)

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    Tahuyaman's Avatar Senior Member
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    Crypto currency is a scam. It’s basically a ponzi scheme.
    Benjamin Franklin: "Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety."

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    pjohns (05-13-2022)

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    RMNIXON's Avatar Senior Member
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    It reeks of funny money and get rich quick as others have noted. A few winners and a lot of losers is what will come of it.
    "Empires do not suffer emptiness of purpose at the time of their creation. It is when they have become established that aims are lost and replaced by vague ritual" - DUNE Messiah by Frank Herbert

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