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Dan Held Shared: Bitcoin is a vaccine against fiat.
Community Response: So, you are saying it won’t work and people will continue to push it despite the evidence?
If I hated crypto, I could use the same analogy and it would also make sense.
How to finance anything with Bitcoin? Take Bitcoin to a bank for a mortgage? Or sell bitcoins for fiat currency? Both of these seem difficult to achieve.
Say you finance your house with Bitcoin, and now Bitcoin does what every Bitcoin maxi believes, it goes to 1 trillion. And I bought my house owing 5 BTC. My house now cost me 5 trillion or Reverse that, if someone sells a house to me and bitcoin goes down – it’s a bad deal.
Bitcoin is a virus for greed and centralization. No one is using it correctly. It is much like a vaccine; you can’t over-vaccinate or not vaccinate.
Bitcoin has been hijacked by speculative forces, which is not good. A solid currency needs to be stable. Gold is the real vaccine against fiat.
Lol. Bitcoin is created by the same government(s) that are pushing the vax narrative.
Bitcoin is the poison against rats. Fiat is paying the bills for the people. Fiat is the difference between having a good and bad life. Leave those comments for the independent rich ppl. We are here to make a better life in Fiat or whatever. No hate.
How is fiat making life better? We’ve been on a downhill slide ever since adopting it. It’s backed by noting and meaningless. (I’m not a fan of crypto either).
Don’t know, but fiat is buying me everything I want. If fiat is the asset to hold on to, it is another story.
Correction, Bitcoin is the currency of criminals. You’re welcome. So, bitcoin induces mild fiat-ness?
Only people with vaccination cards can buy Bitcoin, that’s perfect. And you know how we all feel about vaccines right? Good luck trying to get people to take a vaccine.
Depends on which Fiat. If you’re talking Turkey Lira then Yes but USD not yet. Bitcoin works as good against fiat as the current vaccine works against covid. Bitcoin is much better than vaccine, bitcoin is a cure. Yeah, vaccine has pretty terrible connotations. Suggest a revision. Yes, it’s not good to describe it like this.
Nah, Bitcoin is not a vaccine to Fiat, Bitcoin is more like the guillotine for Fiat. Agree. BTC is a vaccine against inflation and the loss of fiat purchasing power. Bitcoin moves with the MARKET. Market goes down Bitcoin go down. Don’t confuse with the dollar. How confusing is that? Lol.
Bitcoin is the antidote to fiat. Sounds much better. Buy silver and bullets – the only currency units, which could keep you free.
Bitcoin is the virus devouring fiat, financial institutions and governments. Like that. Bitcoin is not a vaccine against fiat. Fiat is a store of value, like gold or silver, that can be used to purchase goods and services. Bitcoin does not have any intrinsic value, so it cannot be used to purchase goods and services.
Not really. Fiat currency is still necessary. It’s more of a vaccine against the inflation of Fiat currencies. But even then, that’s also not really the case since Bitcoin is going to dry up and it’s holders will get rich and no one else will be able to buy any.
I don’t think that we will go well with the crypto community. As far as I see many are skeptical about the V.
More so, knowledgeable about the vaccines and how useless/destructive they are. I am anti-vaccine but pro-crypto, so to me, this metaphor is confusing AF.
Wrong metaphor. Vaccines are inflationary. Bitcoin doesn’t need any stimulus.
Makes sense. The vaccine clearly is ineffective even with the MSM support just like BTC. BTC is still never going to be used what it was intended for because it can’t. Good news, XRP is ready to be used by every bank and FI that BTC sought to overthrow. Tick tock.
BTC won’t cause the death of fiat, but it’ll be around to witness fiat’s demise. In regards to covid, I’d say that fiat is more like the vax. It’s harmful to those who have it and only works temporarily.
