Bill's criticism that the value of crypto fluctuates, hence the cost of your purchased goods changes in accordance, is a really stupid statement from such an apparently clever person, I don't suppose he has noticed the price of a loaf of bread increase in his local supermarket lately. I get paid in USD, GBP, and Euro, but I neither live in Europe Britain or the US - the cost to me of my purchases is constantly changing in accordance with the fluctuation in these currencies, this is the nature of all currencies, be they crypto or fiat. Elon's comment about being 'mainly used for illegal transactions' is equally ridiculous, as presently most illegal transactions are made using existing fiat/national currencies such as the US Dollar, GBP Euro etc. This too is a currency problem generally, not specific to crypto.
Anyway who cares what the fat cats say, they live in a bubble and talk gibberish :)
i do agree with you . i guess they are just trying to find ways to bring it down because like most of us, the reasoning behind such cryptocurrency value changes is unknown and just like AI, they are afraid of what might transpire. so lets see, its still early days.
i might not ride Musk's assessment out completely, i mean he is a brilliant man and dare i say even more than Mr. Microsoft. maybe he knows something about the currency that we all don't.
lets see what happens though. thanks for your view though, it was an interesting perspective.
Bill's criticism that the value of crypto fluctuates, hence the cost of your purchased goods changes in accordance, is a really stupid statement from such an apparently clever person, I don't suppose he has noticed the price of a loaf of bread increase in his local supermarket lately. I get paid in USD, GBP, and Euro, but I neither live in Europe Britain or the US - the cost to me of my purchases is constantly changing in accordance with the fluctuation in these currencies, this is the nature of all currencies, be they crypto or fiat. Elon's comment about being 'mainly used for illegal transactions' is equally ridiculous, as presently most illegal transactions are made using existing fiat/national currencies such as the US Dollar, GBP Euro etc. This too is a currency problem generally, not specific to crypto.
Anyway who cares what the fat cats say, they live in a bubble and talk gibberish :)
Nice post.
i do agree with you . i guess they are just trying to find ways to bring it down because like most of us, the reasoning behind such cryptocurrency value changes is unknown and just like AI, they are afraid of what might transpire. so lets see, its still early days.
i might not ride Musk's assessment out completely, i mean he is a brilliant man and dare i say even more than Mr. Microsoft. maybe he knows something about the currency that we all don't.
lets see what happens though. thanks for your view though, it was an interesting perspective.
Cheers!