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wait til people find out that Bitcoin and the 10,000 competing crypto currencies are also "fiat" currencies. this won't necessarily mean intensification of the stampede to gold and silver, but it will cause a sell off in both the crypto exchanges and the S&P 500 land would be the... - onBitcoin is now synthetically created, through options, derivatives, & ETF. Does that mean it’s endless, just like all the US dollars?bylaymanpascal...
Both bitcoin and fiat currencies can be quantitatively expanded under the right conditions. The real constraint is the threshold beyond which the value and utility cease to be engaging to users. For many reasons, bitcoin is not the magic vessel that many believe in...... - Philip...
I think we’re in the process of watching all of this happen. Sound reasoning. : ) As Pete said, the dollar won’t lose its reserve currency status overnight, nor over the course of a year or two, but we’re definitely in the early stages of that happening.... some bits i want to highlight, as a fellow bitcoin enthusiast: Everything else in ""crypto"" besides Bitcoin is at best, a startup with a yet-to-be-proven use case and in most cases more like a scam.... Object-level: I agree that the governments get a whole bunch of extra money via inflationary monetary policy. I agree people don’t seem to be aware of this, and that sucks.... - Philip...
Loved reading this, Val. Looks like it might be more of a dead heat now, with Kamala instead of Biden. But I still think Trump is likely to win. And I honestly don’t know how I feel about that. 8 years ago, I would have been appalled. Now, it seems far more complex.... - josefine...
- onBitcoin is now synthetically created, through options, derivatives, & ETF. Does that mean it’s endless, just like all the US dollars?by
the expansion of US dollar supply (fiat), bitcoin, US treasuries, and corporate debt obligations is a form of inflation. but i'm not advocating deflation....