Bitcoin Delight

[sumdumguy]

Today 100 measly bitcoin are worth 10 million US or 14.1 million Canukistani. Sheesh so Polly was right.

[fjlip]

How does CROW taste CC?

[biglentil]

Bitcoin has a market cap greater than all the Canucks bucks in circulation.

[blackpowder]

Am I the only one for whom the tangibility of these things escapes him?
Reminds me of FDR using Joe Kennedy as first SEC chair. Joe made his fortune doing all the shady things he subsequently outlawed. Brilliant. After the crash of course.
Musk?
Actually it's time these were cleaned up and regulated. Friend of mine lost a small fortune to a miner of some kind.

[biglentil]

Tangible no but at least a finite supply of unlike the zero's and 1's that make up ones bank account balance. Deposits are arguably less tangible, under fractional reserve rules Canadian Banks only have approximately 3% of all deposits on hand.

[chuckChuck]

So how did the rise in bitcoin reduce inflation like Crypto said it would?

We are not going to take economic advice and monetary policy from people who still believe the earth is flat! LOL

[cropgrower]

wrong again ,PP said crypto currency could be used as a way to protect yourself from inflation , not stop or reduce inflation

[chuckChuck]

More crap from Crop!
"As Poilievre campaigned for the Tory leadership on the way to a landslide victory, he spoke positively about decentralized finance and cryptocurrency. At one point, he argued that crypto would allow Canadians to "opt-out" of inflation, which was soaring at the time."

[cropgrower]

exactly what i said , do you even understand what you write ? opt out of inflation is not stopping inflation of reducing it

[chuckChuck]

Sure crop. Its an unregulated investment that is purely speculation and gambling and often used by criminals to avoid money laundering laws.


So how much have you made on bitcoin their Crop? Be honest.