That sounds nice... except that the evidence discredits it. All assets to fiat are correlated without this loss. Sorry. It is just not a viable hypotheses. To be valid. Bitcoin needs to be used as a payment system
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Just to inform you all,
@ProfFaustus is a known fraud (falsely claimed to be Bitcoin's creator on TV) that makes money scamming people (promoting BCH, a scam, fooling newbies) -
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reputation matters in life, man. Why should I waste my time debunking the bullshit that a professional bullshitter like him spreads everyday? It's obvious that you don't give credibility to frauds, that's how real world works
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Why wouldn't gold be skyrocketing too?
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If it's about fiat currencies in free fall and not about bitcoin price surging, most goods and services would be surging in price 1000% in the past year, not just bitcoin.
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Were that true property prices would come down.
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Why? Property prices are independent of the USD. If it were falling quickly, property prices, or any asset's price, would be going up, not down, in an attempt to maintain their value.
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Not true. More false in EU where property prices come down for everyone else as a currency weakens and those others buy in. Bitcoin does not translate against an outside free access counties salaries. If ordinary people start accepting bitcoin directly then yes.
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Bitcoin is also a fiat currency. It is "value" created out of nothing by the application of computational power to an algorithm, upheld by perception. But at least it's one whose supply/value can't be easily manipulated.
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Lol, right back, nudnick. Gold has important industrial and aesthetic uses. Actual work by actual men receiving actual salaries goes into mining and refining it, vs. 2 guys in a NOC. Bitcoin mining is make-work to ensure that your digital "currency" doesn't hyper-inflate.
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By definition, makework is work that produces nothing of value. Quod Erat Demonstrandum, I think. Get millions more people who take it, then we'll start talking.
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Lol, funny. Yes, a few online vendors accept it. Why? Because they can convert it to something that will universally spend. They're called dollars.
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