- Nov 29, 2021
I’m going to exit stage left now. I didn’t know there were Bitcoin fans at Bitog and I don’t want to hurt anyone’s feelings. Bye.
There's another Bitcoin thread active here..
My CashApp tells me that Bitcoin is sitting at $21,439.94 at the time of this post. Maybe $21,449.10. I do not own any Bitcoin.
A couple to few weeks ago, I was getting daily notifications of its value, I only half looked, it was around, what, $3000? Again I only half looked.
I dont have $3000, I dont have $21,000.. does not seem to make logical sense that something that trades in value so high can be sold in units of one. A fast food would be what .001% if it was $21.49.. it does not seem real.
At the same time, talk has been around of a digital dollar, or the previously referenced ISO20022 I believe, for some time. I do not want to believe it but if that happens, that is another transformational shift.
But there are many questions...
Bitcoin vs. DUSD?
Bitcoin is still transacted into by traditional banks, so, what is backing it?
If Bitcoin were to win out. Why so many other digital formats?
If you have Bitcoin right now.. I'm not sure I would trust it. It is now more than $21,000 a coin so you'd probably cash out in digital form.....
Let's re-shape the conversation past the first page and a half of this thread to here, I dont know, maybe merge with other thread, but quoted poster makes a great point, Bitcoin seems to be frowned upon.
As mentioned, Robinhood app users can buy it. I can buy it with "CashApp." And I don't...