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kiwifarms.net
- Joined
- Dec 17, 2019
Then I didn't get what your point was in the previous post, but regardless the law of "more things on the market->price falls" is always kept and no one has yet is tell me what's keeping bitcoin from it except some vague assertion that it won't happen.What you're thinking about is inflation, and its unrelated to what we are discussing.
See, here's what you're doing, just based on what I've read: you don't know what Bitcoin is or how it works, you seem to have a very flimsy understanding of what money is and how it works, and this is because you haven't been paying attention. But rather than actually do any research, you're in here trying to act like you not paying attention to something important means it's not important.
Remember how this started, with you saying it's a pyramid scheme, which is wrong in multiple ways. And now you've ended up with just some assumption that corporations secretly own all the Bitcoin, you're just reaching wildly for objections to this thing as multiple people keep explaining it to you at length and now I think people are just baffled that you just refuse to even open up Google and do like 15 minutes of reading. If all the Bitcoin is owned by a few corporations, Bitcoin has no value because then it's not trading, it's not being used, it is literally just a digital hoard with no function. There is no reason for Amazon to swoop in and own 90% of Bitcoin, because then people wouldn't use it, and it dies. Banks and corporations are trying to get into crypto, that's why they're starting their own coins and their own infrastructures. But if your takeaway is how this reminds you of Gamestop somehow, you're not outsmarting any system by just repeatedly claiming you don't get it.
The whole "you are uneducated on the matter" reeks of a "You need a really high IQ to understand bitcoin". If you have a webpage that can concisely explain to me what is the advantage in bitcoin then I'd be happy to read, because I didn't find shit besides people repeating what bitcoin is, or being aggressive as if I've insulted their mother.
I used the exaggeration of Amazon having 90% of the stock to make a point, even a smaller sell can cause a cascade of lost trust, which is pretty much the only thing Bitcoin has, and in general believing some meme stock that will infinitely rise is completely idiotic.
Btw, am I the only one remembering people talking about bitcoin being an alternative to regular cash?