Sloppy would truly be an understatement if someone is actually paying you (highly?!) for financial analytics. It's more probable that you're plain out lying, because you can't be this thick even if you understand just the basic of finance.
If you would dig around the forums a bit, you should find that aminorex is one of the most knowledgeable posters around here. His way of stuffing tons of abstract concepts into one sentence might seem like pseudo-intellectual gibberish to some, but that's just because they don't see what the hell he means. I, too have my troubles with that sometimes
(I think he's the only poster ever whose intelligence got acknowledged by AnonyMint, that's got to count for something lol
)
Well, then the account of this highly intelligent individual has been compromised by an moronic jackass who he can't even understand how USD is actually THE thing that gives value to BTC?
Another example of your truly either NOT knowing what da fuck you are talking about or that you are purposefully just attempting to incite other posters.
At least try to debate against my arguments, not just make another failed attempt to insult me.
Have a cigarette, read a book, make some notes, relieve yourself from the anxiety of not getting rich without any work or education, and then try really hard. Please..
Yeah.. YOU would love to drag a variety of posters down your bullshit superficial and already debunked framings of the situation.
That is NOT an intellectual exercise or a meaningful debate, it is a waste of time.
I already know your MO. As soon as anybody attempts to reasonably discuss your assertions with you, then you will either change the facts or change the topic or come up with some other bullshit highly speculative scenario that has little to NO basis in reality.
In conclusion, largely a waste of time to accept many of your framings of the situation b/c you are far from being genuine in any kind of attempt to deal in the real world and to account for actual facts.
The facts here are simple. BTC price is dependant on USD and it can be seen by merchants not willing to accept BTC without BitPay converting them right to USD. To those merchants, BTC is useless as a currency because it's not able to keep price stability. Only use they have for BTC is for marketing reasons and a possibility to lure in those who worship BTC.
Now, go, run boy. Buy yourself a brain and try to debate that.Yes.. you have a way of denigrating... Whether this is a debate or NOT... maybe you are attempting to lure me into your various stupid-ass topics one by one.
O.k. I will bite a little bit.
Currently almost everything is pegged to the dollar, and the dollar is the most stable value point, at the moment in part because in its various forms it has nearly 20 trillion in various kinds of circulation.
These value point and reference points can change over time and they likely will change over time. As bitcoin gains more market capitalization and more liquidation possibilities, there will be less need to peg it to the dollar or to value it as compared with the dollar. Part of whether there will be a need to continue to peg BTC to the dollar will depend upon adoption levels of BTC - likely at least several years into the future in my thinking before BTC will NOT be pegged to some other currency - whether the dollar or some other currency.
Five years from now, we may be living in a different world, or if the dollar expectantly crashes, which is possible but not likely in the next several years in my thinking, unless there is a viable replacement, then we may see BTC pegged to some other currency... or if BTC were to achieve a trillion dollar market cap, then it may NOT need to be pegged to anything... possibly... It is also possible that more than a trillion dollar market cap will be needed before we can have a world with BTC that is NOT pegged to some other asset or currency... maybe $10 trillion in today's valuations would do?
