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Rumor Mill News Reading Room, Current Archive

Reader: "What makes a currency work? Our belief in it, nothing less, nothing more."

Posted By: hobie
Date: Wednesday, 13-Jan-2021 05:52:02
www.rumormill.news/94030

In Response To: NaturalNews: 'Roubini: Bitcoin is "much worse" than tulip bubble mania… "zero intrinsic value"' (hobie)

(Thanks, b. :)

Reader bob writes:

***************************************************************************

Re: NaturalNews: 'Roubini: Bitcoin is 'much wo....

Well then to put things in perspective against our current fiat based currency.

Our current fiat based money's underlying value is based on DEBT.
That's right. Bankers sell debt packages as investment to other banks and investors and this is the underlying value of the current fiat money.

Now tell me, is this a scam or not?

Because debt has no value whatsoever and this is the biggest congame in existence of the bankers.

What makes a currency work? Our belief in it, nothing less, nothing more.

So when people believe crypto is a currency and works and is accepted globally to buy stuff then that is enough.

Who cares (except bankers and fiatbased elite) if it is valued to nothing and I love it how natural news and people like Roubini have an agenda to try to prevent people turning to crypto currencies because that would mean the end of centralized banking.

Instead we get decentralized exchanges and banks can't have that.
Their monopolygame about moneycreation out of thin air is coming to an end, why should they hold the monopoly?

***************************************************************************



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Articles In This Thread

NaturalNews: 'Roubini: Bitcoin is "much worse" than tulip bubble mania… "zero intrinsic value"'
hobie -- Wednesday, 13-Jan-2021 05:52:41
Reader: "What makes a currency work? Our belief in it, nothing less, nothing more."
hobie -- Wednesday, 13-Jan-2021 05:52:02

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AN EXPLANATION OF THE FACTIONS