If there is enough bitcoins able to be mined for each person in the world to have one coin what would that coin be worth? Would it buy a house or a loaf of bread. Like how is the value of it not able to be manipulated? If I have 10 and you have none then one would hold a lot of value to you if you need to buy something and you would trade something of greater value to get the coin if you needed it to pay a bill or get something
I feel like DC is created out of think air. Let a computer run to “mine” a currency. The people that set this currency up what are they getting out of it all? You don’t set up something complicated that a computer has to solve without pocketing part of the coins yourself to get people to buy or trade you for a product and it has no real value except what you convince someone it has. Maybe we all need to make our own currency and mine it ourselves it will just cost us some $ on our power bill
I also don’t understand it. So someone set up a company for digital currency and sets a limit of how many coins their algorithm will produce. So miner computers start mining these carbon coins and a value is placed on it. How does the price go up when more coins are mined that would I think make value go down until all of them are mined and the coin is accepted everywhere to purchase things. Also how do you limit how many digital currencies can be developed? Is it not gonna end up like all the currencies in the world and have to have a way to transfer from one to the other for purchasing powers? Like I would have to have a wallet for each different curry or is there going to be one currency that everyone has to use and if no one is able to mine anymore and no one will sell any of theirs then people who spent all theirs or can’t mine anymore are screwed. That’s no better than the elites making money and laundering it back to themselves to buy assets that are of value and common people can’t get that kind of cash freely to buy assets. I’m so confused on the whole digital cause like people ask about power outages or emp events but what about rural areas with very little if any cell service and you can’t get on the internet how you gonna buy something when you can’t access your digital wallet? I don’t seem to have the intelligence to understand DC no matter how much o read
Let’s not leave out GA cause I’ve seen it on social media with my own eyes this week. I wonder how people I know can be this stupid. But one believes we need free medical cause she broke her ankle in Mexico and got it fixed for like nothing but she doesn’t factor in that it had to be redone in the US when she got hime
Looting the corporation?