People want to cut spending just not the spending that helps them which is sad. We need to take away the government's power and there ability to print money. Gold standard would be a start
Government issued fiat is fine, like Greenbacks. What we're using in the US today is sadly an amalgamation of private/public currency, the issuance and interest rates of which are not controlled by the people, but rather a quasi-public chairman (selected by the president). I believe at this point that gold standard currency is out of the question; our options are central bank fiat and crypto.
Crypto can't really be a currency though can it? I mean if it's not priced in dollars how do we find its worth. I mean there's no way a bitcoin could by you 8000 dollars worth of stuff
Of course it can be a currency. Over the last century the US has undergone many currency transformations, and America has been one of the most conservative and consistent in this topic.
Just think about Europe. I'm old enough to remember the birth and adoption of the Euro. Things can change quickly. And when it comes to a free-market currency like Bitcoin (or other cryptos) it will happen in waves or phases, gradually, until before you know it Bitcoin is ubiquitous. :)
How would bitcoins price be determined? would it not be just like fiat though as its not real? I mean if saw you had a phone and I wanted to buy that phone, How much bitcoin would you exempt for a phone? If bitcoin was not priced in dollars
I don't see how I could know this. Currencies have come about in many different ways.
Personally, I've offered my own services for crypto many times. I've accepted Bitcoin, Ethereum, Steem, and SBD. Every time I simply asked for what seemed fair.
I think you might be asking for a bit too much with your line of questioning. Think about it: billions of people on this planet use USD, euros, yen, and yuan, yet only a small fraction of people know how the value between these currencies vary at any given time. But, when it comes down to it, does it matter to me in Washington State, US, how the price of the dollar compares to the yen? No, not in the slightest. Once/if Bitcoin reaches critical mass, that sort of thing will only matter to arbitrage traders.
no USD is worth what it is and thats a piece of paper I would accept maybe 50,000 pieces of paper for maybe a loaf of bread. Your saying you have accepted bitcoin? or have you accepted USD as USD determines the price of bitcoin.
It’s a business...
Resteemed for more exposure
Amazing article hope things get better for Up voting
Your behavior is one of a bot. Is that correct?
What's a business?
The Republic of the United States acts more like a corporation than a nation.
I wish lol
The scare tactics they use also get old. We aren’t children.
Rand is the man.
Amazing article hope things get better for AmericaUp voting
People want to cut spending just not the spending that helps them which is sad. We need to take away the government's power and there ability to print money. Gold standard would be a start
Government issued fiat is fine, like Greenbacks. What we're using in the US today is sadly an amalgamation of private/public currency, the issuance and interest rates of which are not controlled by the people, but rather a quasi-public chairman (selected by the president). I believe at this point that gold standard currency is out of the question; our options are central bank fiat and crypto.
Crypto can't really be a currency though can it? I mean if it's not priced in dollars how do we find its worth. I mean there's no way a bitcoin could by you 8000 dollars worth of stuff
Of course it can be a currency. Over the last century the US has undergone many currency transformations, and America has been one of the most conservative and consistent in this topic.
Just think about Europe. I'm old enough to remember the birth and adoption of the Euro. Things can change quickly. And when it comes to a free-market currency like Bitcoin (or other cryptos) it will happen in waves or phases, gradually, until before you know it Bitcoin is ubiquitous. :)
How would bitcoins price be determined? would it not be just like fiat though as its not real? I mean if saw you had a phone and I wanted to buy that phone, How much bitcoin would you exempt for a phone? If bitcoin was not priced in dollars
I don't see how I could know this. Currencies have come about in many different ways.
Personally, I've offered my own services for crypto many times. I've accepted Bitcoin, Ethereum, Steem, and SBD. Every time I simply asked for what seemed fair.
I think you might be asking for a bit too much with your line of questioning. Think about it: billions of people on this planet use USD, euros, yen, and yuan, yet only a small fraction of people know how the value between these currencies vary at any given time. But, when it comes down to it, does it matter to me in Washington State, US, how the price of the dollar compares to the yen? No, not in the slightest. Once/if Bitcoin reaches critical mass, that sort of thing will only matter to arbitrage traders.
no USD is worth what it is and thats a piece of paper I would accept maybe 50,000 pieces of paper for maybe a loaf of bread. Your saying you have accepted bitcoin? or have you accepted USD as USD determines the price of bitcoin.
I'm not sure what point you're making. Could you restate it as a premise or something?
Resteemed for more exposure. Everyone who pays taxes in the US must listen to what he's saying. Thanks for putting it on Steemit. @ironshield
The debt holders must be smiling.