/biz/ - Business & Finance

Why did he call bitcoin rat poison?
Is bitcoin poisoning the rats?

>>3962298
I wish I did but I am shilling on my own free will. I love bitbay because it solves real world problems. All it needs is adoption and thus because I am not a faggot, I don't complain and I try to change things to make them how I want them to be. You should definitely check Bitbay out. It is WORTH IT.

>>3928952
>relative to US $!
Fuck no! That is Tether and that's called an hard peg.
Can't you read? It will just prevent the price from dropping. It IS NOT pegged to the dollar.
It is genius because it brings stability without compromising growth and decentralization.
Any educated man knows that a currency can't reliably be used with huge volatility. Just read more on economics ffs.
As long crypto is volatile, it will NEVER get mainstream. The only solution are pegs. Wake up anon.

>>3928993
>>3929017
The value of the coin depends from marketcap/supply. If the market cap drops 50% and that the algo drops the supply 50% too, it results that the price of the coins stays unchanged.
It is a win win situation for both investors and users, as investors have safer investments while users have more usability thanks to the price stability. As both are happy; both contribute to the thriving of the economy of it.
If you can't understand the extreme advantage of such peg, then you should study economics more anon.

Also the frozen coins still are in your hands and can become financial assets like valuable bonds.It is a free market. The value of your money remains the same. Just the supply is manipulated. And supply is meaningless in the virtual world of crypto. It only matters if it was physical gold because of rarity.
Why do I need to explain everything each time kek.