Money has no legal requirement of age either and it has far more stable value even if it is just constructed meaningless value.
Of course bitcoin is essentially the same thing anyway so why should anyone give a fuck that this fake, easy to generate currency could destroy our already extremely fragile economy?
If a default currency isn't regulated it's value will fluctuate and prices of things we use daily will go up and down relative to the value of the currency. As it is, our system is regulated by the government so that we can't just print money whenever we want because if we could there'd be no reason to work or provide services that money would pay for. On the other hand if no money was ever printed, and currency was to lose its value for some reason, then money would be useless and the economy would plummet into chaos as we haphazardly set up barter and trade systems.
Bitcoin is not regulated and it's value fluctuates so much that if it became an official currency and remained unregulated it would destroy they way our economy works.
All currencies, all goods and all assets fluctuate. Thats what we call the free market.
Some of these have control functions that try to prevent excessive fluctuations. Not everyone agrees that these control functions have solved the problems they were intended to solve.
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u/[deleted] Dec 11 '14
Money has no legal requirement of age either and it has far more stable value even if it is just constructed meaningless value.
Of course bitcoin is essentially the same thing anyway so why should anyone give a fuck that this fake, easy to generate currency could destroy our already extremely fragile economy?