Ben Garrison cartoon: The Fall of Crypto
(grrrgraphics.com)
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Bitcoin is sketchy as hell. And I'm a huge crypto nerd. If you critically and honestly think about all the claims made about it being better than fiat, it doesn't make sense. So what if there's only 21m supply if it can divide almost infinitely? And when that happens, a single Bitcoin inflates vastly in value. How does Bitcoin solve inflation? Imagine the whole world on Bitcoin. Cool. Now imagine owning 1000 Bitcoin in this world, you're a God. It's actually got runaway inflation built into it.
Makes me think the whole thing was actually invented by the FED and CIA to begin with
Read the original whitepaper and then tell me the fed created it.
https://bitcoin.org/bitcoin.pdf
The original design of Bitcoin destroys all the scam models of the fed - no central authority, private keys to spend funds, predetermined inflation rate, decentralized issuance.
Only people who haven't studied Bitcoin history believe the fed created it.
HOWEVER as I've said elsewhere, there was a hostile takeover of the crypto space around 2015-2017 and since then the Bilderbergs have had control of Bitcoin development.
Inflation is just adding more currency supply. Price/value is a secondary effect of this.
You don't understand inflation. Inflation is just adding to the currency supply. The 21m bitcoins will not be completely mined until around the year 2140. After that there will be no more inflation, ever. The value of 0.000001 BTC may be the equivalent of $1,000,000 in today's fiat terms, but that is not inflation. Actually it's deflation because every little bit will go further and as time goes on, supply will dwindle lower and lower driving the value up even further.