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Forum ยป Nobel prize winner Friedrich Hayek predicts Bitcoin
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Thread: Nobel prize winner Friedrich Hayek predicts Bitcoin

post 1631515503 02-16-2021, 03:44 AM
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Nobel prize winner Friedrich Hayek predicts Bitcoin



Thank you Satoshi's ghost.
post 1631516483 02-16-2021, 04:20 AM
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that guy is brilliant. would love to know the year that video was made. guy lived to 93. he was sharp as fuk
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post 1631516593 02-16-2021, 04:26 AM
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governments love crypto and blockchain, they can track citizens so much more effectively with it
post 1631516853 02-16-2021, 04:37 AM
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Bitcoin is still not currency, there is no stability, sure it's an asset and any asset can be used to facilitate a transaction but you need stability for success as a currency.

There is a long way to go for it to stabilize. It probably requires widespread abandonment of FIAT money or something equally as radical.

Might happen who knows but until you can price a loaf of bread in bitcoin and be able to sell that bread at the same price for a number of weeks it won't be a viable currency.
post 1631517173 02-16-2021, 04:46 AM
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If he was alive today, he would probably agree that bitcoin sucks and that something else will replace it soon.
post 1631517233 02-16-2021, 04:49 AM
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Originally Posted By PimpMasterC⏩
If he was alive today, he would probably agree that bitcoin sucks and that something else will replace it soon.
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post 1631518073 02-16-2021, 05:14 AM
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Originally Posted By jn677⏩
Bitcoin is still not currency, there is no stability, sure it's an asset and any asset can be used to facilitate a transaction but you need stability for success as a currency.

There is a long way to go for it to stabilize. It probably requires widespread abandonment of FIAT money or something equally as radical.

Might happen who knows but until you can price a loaf of bread in bitcoin and be able to sell that bread at the same price for a number of weeks it won't be a viable currency.
it's supposed to be digital gold.
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post 1631518303 02-16-2021, 05:20 AM
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Originally Posted By FrankCostanza⏩
it's supposed to be digital gold.
Yeah that seems like a better comparison.
post 1631612813 02-17-2021, 07:19 AM
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Originally Posted By jn677⏩
Bitcoin is still not currency, there is no stability, sure it's an asset and any asset can be used to facilitate a transaction but you need stability for success as a currency.

There is a long way to go for it to stabilize. It probably requires widespread abandonment of FIAT money or something equally as radical.

Might happen who knows but until you can price a loaf of bread in bitcoin and be able to sell that bread at the same price for a number of weeks it won't be a viable currency.
All currencies fluctuate vs other currencies. You could easily price things in Bitcoin.
post 1631612923 02-17-2021, 07:21 AM
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Originally Posted By Ikarsuz1337⏩
governments love crypto and blockchain, they can track citizens so much more effectively with it
Yeah because downloading a wallet and receiving BTC is much more traceable than transferring money from a bank account that has my address and SSN.
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