SELL! SELL! Sell your dollars.. (it's afraid)
(media.greatawakening.win)
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Who polices whether more bitcoin is created/distributed or how much total bitcoin is held in reserve? A benevolent Star Chamber? How is it different from a cabal of individual bankers creating worthless notes via journal entries?
Creation and distribution are different, but I don't see the superiority....Maybe its easier to conceal your own stash/better privacy? So the current rotten system could be improved a bit...but could also enable more of OTHER systemic problems like corruption, money laundering, trafficking.... Right?
People that don't agree with you aren't automatically less knowledgeable than you about crypto currencies. There are weaknesses that aren't apparent to any people who aren't knowledgeable about crypto...and the "pro" side isn't giving them THAT info either. Too many (meaning: ALL) of the crypto advocates are invested in it. That's a problem and a reason to be very wary of their claims.
Save the "we smart and beautiful; they ugly and stupid" for the schoolyard.
it's a verifiable open source program. can only be altered by majority vote or >50% attack by miners. china currently hosts >50% of mining, but bitcoiners will swear the CCP can't force a >50% attack. they also don't question how the miners can access cheap electricity without CCP approval. btw, i hold, but not a hodler or a maxi.
To my knowledge all the miners left China since the CCP banned mining only a month or so ago. So yes, China cannot force a >50% attack. Btc is still going strong as we can all see for ourselves.
the headlines were that china will be cracking down and the miners were starting to look for places to move to. but as of today, most of the chinese miners are still in China and the CCP hasn't cracked down on anyone. i guess that could eventually happen at some point, but so far, it's just headlines. same as 2018.
https://chainbulletin.com/bitcoin-mining-map/
edit: just to be clear, i don't even think the CCP, even with >50%, is the biggest threat to BTC. probably unbacked stablecoins a bigger threat. nothing that can make you rich is riskless.
I can’t disagree with that. I backed stable coins are the wolf in sheep clothing that pose as “cryptocurrency”, however are anything but.
Definitely agree with that point you make. Stable coins posing as crypto are bad for this segment.
Can be controlled with astroturfing, then? Thanks for that, I didn't know it was that bad.
Appreciate the disclosure as well. A trading position, then? Nothing wrong with a little capitalism.
Pretty smart. Very smart in fact. thanks for sharing.
Your very first sentence demonstrates your lack of understanding of this protocol. So further responses are unnecessary until you take the time to educate yourself on this subject. It is not my job to educate or convince you, but I point out your ignorance out of free will. So this will be the last response from me. Now kindly go educate yourself, or go fuck yourself. The choice is yours.
Factless, bald assertions of superiority with no attempt to demonstrate any command of the subject? Common troll.
You are one needy little shit, aren't you?
Ooh! That cut deep bro 😆