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Cryptocurrencies

The situation Lebanese “Lebanese Pound Falls 50% in Ten Days — Now Worth One Satoshi”

Some twitter took this to twitter trying to say Bitcoin is better in many ways, but there are some ways also such as the Bitcoin price is very volatile. Let say you exchange your Lebanese money to Bitcoin today $9000 but tomorrow Bitcoin fall to $5000, what good is it? and we’re trying to compare with fiat currency? sometime I just do not get it, need to have realistic pros and cons, not just bias opinion.

Still a devastating situation in Lebanon. Fiatcurrency is a scam!

Remember that #Bitcoin
-Can NOT be printed
-Is Unconfiscatable
-Is Borderless
Quote Tweet

Cointelegraph
@Cointelegraph
· 13h
Lebanon’s currency is one of half a dozen national currencies that are worth one satoshi or less https://cointelegraph.com/news/lebanese-pound-falls-50-in-ten-days-now-worth-one-satoshi