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Started By
Message
re: Bitcoin is Gresham's law in practice
Posted on 1/9/21 at 11:39 pm to buckeye_vol
Posted on 1/9/21 at 11:39 pm to buckeye_vol
quote:At a decreasing rate
But the supply has still increased,
1
Posted on 1/9/21 at 11:41 pm to jimbeam
quote:Sure, but it wouldn’t be accurate to say it is unchangeable.
At a decreasing rate
Posted on 1/9/21 at 11:42 pm to DownSouthCrawfish
Just setting a literal trap, bubba.
Posted on 1/9/21 at 11:42 pm to buckeye_vol
The maximum supply possible is fixed.
Posted on 1/9/21 at 11:42 pm to Mud_Till_May
Bitcoin is the greatest scam since diamonds
Posted on 1/9/21 at 11:42 pm to Mud_Till_May
So you put so much value on a dollar backed by nothing with an unlimited supply and printer which can cause hyperinflation and is designed to do such? Ok
Posted on 1/9/21 at 11:44 pm to Mud_Till_May
quote:Yes, under a few conditions.
If I write you a twenty one million word note, will you give me your house?
1- The words are scarce
2- The word supply is capped and not able to be increased
3- The creator of the word is a decentralized network
4- The network created the words provides some sort of value
Then yes, I will sell you my house for your words.
Posted on 1/9/21 at 11:44 pm to jimbeam
quote:Yes, but we typically don’t consider that supply, otherwise oil would also be a essentially fixed (given how long it takes to be created).
The maximum supply possible is fixed.
This post was edited on 1/9/21 at 11:45 pm
Posted on 1/9/21 at 11:44 pm to SUG
quote:
So you put so much value on a dollar backed by nothing with an unlimited supply and printer which can cause hyperinflation and is designed to do such? Ok
Uncle sam has nuclear weapons and he says its ok. Whos going to defend your precious bit coin?
Posted on 1/9/21 at 11:45 pm to buckeye_vol
quote:It is completely accurate to say there will never be more than 21 million BTC.
Sure, but it wouldn’t be accurate to say it is unchangeable.
Posted on 1/9/21 at 11:46 pm to buckeye_vol
quote:Oil is not scarce though. There is a difference.
Yes, but we typically don’t consider that supply, otherwise oil would also be a essentially fixed (given how long it takes to be created).
Posted on 1/9/21 at 11:46 pm to buckeye_vol
K
Posted on 1/9/21 at 11:46 pm to Travis Scott
You know why its called bit coin? Because just like a small bit that controls a war horse, I can control you by having your money in my pocket.
Posted on 1/9/21 at 11:47 pm to Mud_Till_May
So you think our precious dollar is also not foreign owned and controlled? Lol I'm done troll
Posted on 1/9/21 at 11:47 pm to TigerTatorTots
quote:Exactly. I just think TotalYatMove description or Bitcoin was inaccurate both because the supply (circulating in this case) is not unchangeable and it was created (I have no idea what he could he even mean by saying it wasn’t).
It is completely accurate to say there will never be more than 21 million BTC.
Posted on 1/9/21 at 11:48 pm to SUG
quote:Owned? Yes, a portion is. Controlled? Hardly.
So you think our precious dollar is also not foreign owned and controlled? Lol I'm done troll
This post was edited on 1/9/21 at 11:49 pm
Posted on 1/9/21 at 11:49 pm to Mud_Till_May
Bitcoin is at $40,000 and it seems like no one cares
Three years ago during that insane bull run when it took over the world it only got to $20,000
Three years ago during that insane bull run when it took over the world it only got to $20,000
Posted on 1/9/21 at 11:49 pm to TigerTatorTots
quote:
Yes, under a few conditions.
1- The words are scarce
2- The word supply is capped and not able to be increased
3- The creator of the word is a decentralized network
4- The network created the words provides some sort of value
Then yes, I will sell you my house for your words.
Good luck trying to get your money back from the Chinese government.
Posted on 1/9/21 at 11:50 pm to buckeye_vol
True or false: Every single mathematical truth has already been created.
Posted on 1/9/21 at 11:50 pm to SUG
quote:
So you think our precious dollar is also not foreign owned and controlled? Lol I'm done troll
Nope.
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