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2. Cryptocurrency great for privacy, *wink* compare to private banks, which why politician, shady people, black markets, and some questionable pharmaceutical online, were so quick to embrace it.
3. Just as much trust you put in cryptocurrency, was the same reason why people trust the currency around the world.
4. If the dollar falls, so does the cryptocurrency, because nothing else backs the cryptocurrency, as that's the main resource for it. Even if you don't believe it to be true, you still got to worry, and possibly freaking out if the real currency lost it value. But I doubt anyone have to worry since currency will not fall anytime soon.
Cryptocurrency is backed mostly through private investments which makes them hard to trace (and untracable money is always a red flag for a financial institution, local or federal or otherwise) and makes it easy for the value to rapidly fluctuate. Cryptocurrency's value comes from the cost of farms and the number of investors, mostly, which drives prices up over time, whereas federal governments have a stronger hold on where money goes and how it should work. Even with a broken federal system like we're seeing in the US, other nations are willing to back our dollar enough that we can trust that our money is worth what it is.
Valve made the decision to gut Bitcoin due to its rapid price increase. When they started taking the cryptocurrency, it was worth tens to maybe hundreds of dollars, but rapidly blossomed to thousands of dollars, and people who turned Bitcoin into Steam wallet USD were getting upset that their money was worth a lot more today than yesterday, and managing store prices was needlessly complex for their system. A private institution that does business to American citizens and operates in an American market like Valve Software is not allowed to turn down the US Dollar as money, as it is the federal government's main pawn in giving its constituants economic power to flex in a free market, but a private currency's value is a lot harder to pin down, especially when that value booms as rapidly as Bitcoin did, and so Valve can decline offers made in Bitcoin or other cryptocurrencies whenever they want, and so they did.
Of course with a name like that, a Steam level of 0, two friends and no games, it's safe to assume this is some form of a burner troll account working just to stir up trouble.
i know you said you unsubbed but this comment makes me want to write a reply anyway
currencies in the real world are used by many people , the euro is used by 80 Million germans , 8 Million austrians , 60-70 Million Italian and French and so on , and that money is based on gold that lies in some vaults in switzerland or another country
the euro wont suddenly lose 50% of its value over night , but cryptocurrencies can crash any day
I agree there are far too many cryptocurrency, and lots more to come as well.
agreed , you can use them but to name your profile after it , thats quite some level of peasantry
you mean a jewels currency ?
http://fairytail.wikia.com/wiki/Jewels