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re: Why bitcoin is worse than a Madoff-style Ponzi scheme
Posted on 12/23/21 at 5:30 am to Ping Pong
Posted on 12/23/21 at 5:30 am to Ping Pong
quote:This is driving the gov't crazy. It's all about power - and the thought of losing it. A modern-day Boston Tea Party.
They cant stand the thought of a competing fiat currency that they cant control.
Posted on 12/23/21 at 5:55 am to tigerpawl
quote:
This is driving the gov't crazy. It's all about power - and the thought of losing it. A modern-day Boston Tea Party.
And there's the big problem. Government will get involved. It will be co-opted by those that many wish to subvert. Back to square 1.
Btw, I'll need to see the house and car that were offered to me. At that point I would then compare their DOLLAR VALUE to what crypto owners think Bitcoin/meme coin-of-the day is worth.
Then I'd almost assuredly turn both down, as I'm not going to give up my hard earned dollar to exchange for a wildly fluctuating meme coin that someone developed in their basement.
So, I have a question. There are only 21 million Bitcoin available. You can divide that down to 8 decimal places or Satoshi. What happens when everyone is using it? Will there be enough Bitcoin for the population? What happens when the population doubles?
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