- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: SEC sues Coinbase, one day after suing Binance
Posted on 6/7/23 at 8:31 am to saint tiger225
Posted on 6/7/23 at 8:31 am to saint tiger225
Posted on 6/7/23 at 8:41 am to Hulkklogan
Yes, in theory, a hard fork could change the Bitcoin code to increase the total supply of coins. But, it's important to understand the fundamental ethos and consensus mechanisms that underpin Bitcoin's security and value proposition.
Firstly, Bitcoin was conceived and designed as digital gold – a decentralized, inflation-resistant asset with a hard cap of 21 million coins. This fundamental characteristic is deeply ingrained in the Bitcoin community and it is one of the primary reasons for Bitcoin's value and longevity. Changing this would fundamentally alter Bitcoin's identity.
Secondly, for such a change to take effect, a significant majority of the network's miners would need to support the hard fork. Given the economic incentives at play, it's highly unlikely that a majority of miners would support such a move. Changing the supply cap would undermine the scarcity that gives Bitcoin much of its value, potentially leading to a price collapse and a loss of faith in the system.
Finally, your Ethereum comparison is somewhat apples-to-oranges. Ethereum was designed with a different purpose in mind: it's a platform for smart contracts and decentralized applications, not a store of value. As such, it has a different monetary policy and a more flexible approach to hard forks.
Firstly, Bitcoin was conceived and designed as digital gold – a decentralized, inflation-resistant asset with a hard cap of 21 million coins. This fundamental characteristic is deeply ingrained in the Bitcoin community and it is one of the primary reasons for Bitcoin's value and longevity. Changing this would fundamentally alter Bitcoin's identity.
Secondly, for such a change to take effect, a significant majority of the network's miners would need to support the hard fork. Given the economic incentives at play, it's highly unlikely that a majority of miners would support such a move. Changing the supply cap would undermine the scarcity that gives Bitcoin much of its value, potentially leading to a price collapse and a loss of faith in the system.
Finally, your Ethereum comparison is somewhat apples-to-oranges. Ethereum was designed with a different purpose in mind: it's a platform for smart contracts and decentralized applications, not a store of value. As such, it has a different monetary policy and a more flexible approach to hard forks.
Posted on 6/7/23 at 10:16 am to stout
Meanwhile, the market makers keep creating artificial/counterfeit/synthetic stock shares with impunity.
aka, naked shorting
aka, naked shorting
Posted on 6/7/23 at 10:17 am to Meauxjeaux
quote:
Agree. What’s the SEC play here?
A cut of the loot.
Probably being instructed to help push for the Fed controlled digital currency. aka, total tyranny
Posted on 6/7/23 at 10:43 am to GhostOfFreedom
Absolutely that’s their play. They’re going to make Coinbase, binance, etc. tap out with regulation and then hand it all over to the big banks. We are all just pawns.
Posted on 6/9/23 at 7:01 am to UnluckyTiger
Got an email from binance this morning that they are removing USD deposits/withdrawal/trading pairs from their platform and will be a cryto-to-crypto only exchange
Posted on 6/9/23 at 9:48 am to Yeti_Chaser
Sounds like Binance.US already pulled the plug and disabled withdraws for their customers.
Hopefully everyone got their money off
Hopefully everyone got their money off
Back to top
