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ASX edges higher as Aussie dollar remains near seven-months lows and Bitcoin passes $US100,000 — as it happened (www.abc.net.au)

submitted 2 weeks ago by Baku@aussie.zone to c/ausfinance@aussie.zone

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[–] hanrahan 1 points 18 hours ago (1 children)

Tell me what the value of a dollar is based upon.

Thats easy, get a tax bill (rates notice, car rego, kicense renewal, etc) and try and pay any other way.

The "value" of a dollar is based in nothing but the Government's ability to force you to forfeit your freedom if you dont comply, that does NOT apply to bitcoin.

Maybe that's because everyone just trusts or believes it has value.

No it's becase if you don't, people in large combat boots, black uniforns and large guns will drag you in front of some crusty okd person, dressed in drag with a wig, aka judge who'll decided if you did or did not comply and then take your liberty if you did not.

Companies need cash becase the government insists they remit part as tax to them, remit GST to them etc all in fiat. They will NOT take seashells, Gold or bitcoin.