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Buying Crypo
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2022-05-15 at 3:14 PM UTC
Originally posted by troon okay, so in that case 'we' is 'everyone but the fed'. If they fucked over bitcoin, I'd say there would be a strong incentive to mitigate their fuckery. Assuming all coins had been mined by that point, then miners earning would be solely transaction fees, which the fed would be trying to deny them. It would be an existential threat to them.
isnt one of the point of having it decentralized is so that no one have an absolute control over it.
also just because your bitcoin is limited in volume (hashes) doesnt mean it cant be sold for infinite dollars.
so there are 21 million bitcoins ? if 21 million USD were used to purchase these finit amount of bitcoins, this would mean each bitcoin is equal to 1 USD, and vicey versay.
and when 210 million USD were used to purchase 21million bitcoins, this would put the exchange rate of bitcoin:USD of 10:1, ie, each bitcoin would amount to 10 USD, and each USD would be 0.1 BTC.
so if the FED print 210 trillion to buy up all the BTC then each BTC would amount to a million USD and a USD would equal 0.0000001 BTC.
this can go on ad infinitum. -
2022-05-15 at 3:18 PM UTCYes just print 210 trillion see what happens next. also every 8 years the mining becomes exponentially more difficult. All of the coins can't be mined, it costs more computing power and electricity.
You simply can't buy it all. Even if you bought the majority or all mined coins there would be more that be mined and that plan would fail. Because the real "price" is how much it costs to produce -
2022-05-15 at 3:31 PM UTC
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2022-05-15 at 3:39 PM UTCI heard they are burning billions and gonna repeg and fix it somehow.
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2022-05-15 at 5:23 PM UTC
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2022-05-15 at 6:06 PM UTC
The following users say it would be alright if the author of this post didn't die in a fire! -
2022-05-16 at 12:55 PM UTCBuying cryptocoins is literally giving some nerd your money and hoping for the best.
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2022-05-16 at 12:57 PM UTC
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2022-05-16 at 1:24 PM UTCI signed up with robinhood yesterday and bought 57.34 dogecoin for $5...it's now worth $5.002x.
I also got $5 of Tesla stock for free. -
2022-05-16 at 2:16 PM UTC
Originally posted by the man who put it in my hood Yes just print 210 trillion see what happens next. also every 8 years the mining becomes exponentially more difficult. All of the coins can't be mined, it costs more computing power and electricity.
You simply can't buy it all. Even if you bought the majority or all mined coins there would be more that be mined and that plan would fail. Because the real "price" is how much it costs to produce
doesnt matter.
finite amount of hashes X infinite fiat money = ∞ capitalization -
2022-05-16 at 2:17 PM UTC
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2022-05-16 at 3:05 PM UTC
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2022-05-16 at 3:17 PM UTC
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2022-05-16 at 3:40 PM UTC
Originally posted by vindicktive vinny i think its geo-fenced.
tried downloading robinhood app but couldnt find it on playstore.
https://play.google.com/store/apps/details?id=com.robinhood.androidThe following users say it would be alright if the author of this post didn't die in a fire! -
2022-05-26 at 1:49 AM UTC
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2022-05-27 at 5:06 AM UTC
Originally posted by the man who put it in my hood XRP, Terra, Polygon, Chainlink, Fantom, Stellar, ICP, ROSE, Zilliqa and many others are building the crypto future of tomorrow. Smart contracted privacy coins will make them very valuable once this all gets integrated. Web3 is coming folx!
terry luna has been forked and delisted from most major exchanges. It's been fun
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2022-05-28 at 12:46 AM UTCpegged stablecoins? Idk about that jazz but I'd let her peg me if you know what I mean
The following users say it would be alright if the author of this post didn't die in a fire! -
2022-05-28 at 9:19 AM UTC
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2022-05-28 at 10:42 AM UTCif wrapped luna was really wrapped, then this would be a good thing
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2022-05-28 at 2:03 PM UTCIt's freestyle wrapped Luna
