bitcoin and other crypto backed by a failing fiat usd, at the moment it is worth 29,219.6 us dollars, what happens to crypto when the dollar is totally worthless.
get for real, crypto is a scam, bitcoin will never be a substitute for gold or vies versa., again bitcoin is backed by nothing tangible, not gold only fiat backed by fiat dollar
what is the difference between digital transactions via swift system from bank account to bank account and digital transactions on the blockchain wallet to wallet?
is bitcoin backed by anything, or insured?
China has 65% of the hashing power already there are a couple of big miner groups but all ran from the same people but pretend to be separate for optics.
They could easily mess with bitcoin if they wanted have not done so on a large scale yet.
But i agree with the kind of money the DS has it would be trivial for them to have produced more miners for themselves to keep in reserve, also i know that bankers were buying up bitcoin when it was pennys in price.
Skycoin solved all these issues with the 51% attack and many other things, like having your own blockchain that you control and can run CX which is a full programming language like GO.
Was fast enough they were running a FPS from one of their blockchains a while ago.
Although i think Synth is struggling with all the crazy stuff going on in the world and is not a Q believer so its effecting him but he is pretty based.
Okay, print me some Bitcoin.
bitcoin and other crypto backed by a failing fiat usd, at the moment it is worth 29,219.6 us dollars, what happens to crypto when the dollar is totally worthless.
Now replace"Bitcoin" with "gold" in your post and realize how dumb you sound
get for real, crypto is a scam, bitcoin will never be a substitute for gold or vies versa., again bitcoin is backed by nothing tangible, not gold only fiat backed by fiat dollar
what is the difference between digital transactions via swift system from bank account to bank account and digital transactions on the blockchain wallet to wallet? is bitcoin backed by anything, or insured?
The difference is they can endlessly print money with fiat.
Bitcoin is backed by it's proof of work and its ledger.
if you think the DS doesn't have enough hidden away for a 51% attack, you are a fool
China has 65% of the hashing power already there are a couple of big miner groups but all ran from the same people but pretend to be separate for optics. They could easily mess with bitcoin if they wanted have not done so on a large scale yet.
But i agree with the kind of money the DS has it would be trivial for them to have produced more miners for themselves to keep in reserve, also i know that bankers were buying up bitcoin when it was pennys in price.
Skycoin solved all these issues with the 51% attack and many other things, like having your own blockchain that you control and can run CX which is a full programming language like GO. Was fast enough they were running a FPS from one of their blockchains a while ago. Although i think Synth is struggling with all the crazy stuff going on in the world and is not a Q believer so its effecting him but he is pretty based.
I'd like to see some proof of that. Otherwise it's just speculation.