Blackrock former employee says Shit is going to HIT THE FAN.
(rumble.com)
đźš” Crime & Corruption đź’¸
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You’re grossly misinformed. True cryptocurrencies like Bitcoin can not be inflated. That’s the whole point. It’s the only sound money because it’s guaranteed by math
Forks and government mandates, my friend. I can ensure you that if a country like the USA, China, Russia, etc actually "adopt" Bitcoin, it's getting forked over and over into USBTC, CHBTC, etc. With these forks they'll move over from PoW to PoS, give a shitload of USBTC over to someone like the Fed, and you'll get taxed, payed in income in, etc with USBTC, not regular BTC.
They'll claim that OG BTC HODLers still benefit from being forked into the new system, but they control all the rules. It'll still be guaranteed by math, but it'll be their math, not ours.
Reject any government forks. Solved.
Until the government decides that you need to pay some property tax and you lose your home.
We fight that too.
When we decentralize finance to blockchains, the government’s funds will shrivel. Who will they send to take your property when their checks start bouncing?
How much is a bitcoin worth if the Internet goes down?
Askin' for a fren'.
Two fiddy
Yes they can. 100 btc used to buy a pizza. Now it's a fraction of that. The inflation is on the other side of the decimal.
Yeah because adoption of technology increases its value. Not to mention The value is currently measured in dollars...but eventually it wont be seen that way
That’s deflation.
Same logic applies. Instead of printing more you are just adding a 0 behind the decimal. Either way you are producing more currency.
Correct?
Add that to the fact that btc is already almost wholly owned by 1% of the population and heat does that mean? Think about it.
What are you talking about? Deflation is when there is less currency not “producing more currency”
There mathematically can not be more than 21,000,000 BTC and there are less every year as it erodes due to dusting and other phenomena.
Bitcoin is deflationary. Not inflationary. There is less currency every year.
At this point seems harder to mine Bitcoin than find some gold.
Too much ignorance around here regarding blockchains.
I'm surprised at the hostility towards crypto here. It's the only solution to government controlled currency.
The ignorance is sad to hear.
Ok, then reconcile this. Crypto is the solution, new currency
What do we do about the fact that when that happens, the absolute richest people in the world will be the Chinese and middle east terrorist farms, and that the vast majority of middle class people will be dirt poor?
The hostility is towards the fact that it is another scam. Crypto is only good as long as some fat-fuck whale doesn't come along one day and dump his coin, causing it all to crash. 1 fat guy can make or tank crypto.
The blue-chip stock guys used crypto to pump and dump in order to cover their shorts. So, pump it up one day, everyone gets FOMO and 2 days later Kenny Griffin dumps his coin and were all left holding the bag.
I watched Berry Silberts tank DOGE from $0.70 to $0.30 overnight and it never recovered. As a response, Elon Musk sold billions of Bitcoin and single-handedly tanked it.
Crypto is susceptible to being used for economic wargames.
There's nothing secure, stable or trustworthy about crypto.
Baffles me too!