Jack Ma on the Future of Bitcoin
7 years ago in #bitcoin by irfanullah (60)
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He doesn’t like bitcoin ... because in a flash trillions of dollars of shares can be reduced to zero if bitcoin upstages the US dollar as a base currency and becomes truly global . I respect Ma but he has a vested interest here ...
You are absolutely right.
@originalworks.
Interesting to see someone talk about bitcoin this way. Seems like he is skeptical of bitcoin more than most people are. I have the same concerns. It isn't necessarily backed by anything valuable.
Agreed.
The value of bitcoin they say is inherent in the cost of mining ..... etc but honestly economics as we know it is flawed .... why should it be backed by anything ? What gold ? For what purpose ? It’s just a precious material that is mined as is bitcoin ...... the United States dollar is worth nothing ..... and yet the world treats it as the base currency ,.... it’s all about geopolitical power and greedy banking cartels getting fatter ..... bitcoin is the Robin Hood of the modern era .....
He would become soon the fan of bitcoin Bitcoin is extremely secure currency with its long-term viability so it is expected to boost its success. All bitcoin users know very well that transitory is prima of the digital currencies @irfanullah
You are very right.
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