‘They Might As Well Be Getting Lottery Tickets’: Who Wants To Receive Their Salary In Bitcoin?!
While we're all just making shit up, let's go ahead and opt to have our salaries paid in Bitcoin, ok?
Or better yet, let's just agree to have our bonuses paid in coins that our bosses actually made up on their own.
That's what's going on and yes, it's just as absurd as it sounds.
People seem to be taking the approach that if Bitcoin won't act like a currency on its own, we can all just collectively will it to be a currency by doing currency-type stuff with it. It's like how I can will
Dear Mr HeIsenberg,
I have an important question:
As a frequent reader I know your opinion on the several existing bubbles and agree with it. My question is this: is there only a problem with the bubbles because of overvalued assets and after they burst everything will be fine (like after the dotcom bubble in 2000) or there is also a problem with the underlying economy for certain reasons (high public debt, student loans, etc) like in 2008 when the real estate bubble burst and almost collapsed the economy because of underlying mortgages and home loans. Which of the two?
Thank you for your opinion in advance.
Look at some charts of consumer, corporate, and government debt. Also look at one illustrating wealth inequality. Maybe throw some demographics (age/labor) in there. None of it is good.
The question is just how far can/will central banks and governments kick the can down the road.
they currently think they can slow and reduce market liquidity, while debating the mystery of the missing inflation when unemployment is 4.1% (maybe bad inputs/stats perhaps?).
if/when that doesnt work out just right, they will likely wind up again for a massive kick….just hope they dont pull a hammy!
I find it interesting that you claim that Bitcoin isn’t a currency, then give an an example using a Japanese firm giving the option to be paid in Bitcoin when Japan has officially recognized it as an actual currency.
https://www.cnbc.com/video/2017/11/06/japan-made-bitcoin-a-legal-currency-and-now-its-more-popular-than-ever.html