dustysnecktattoo
Club Legend
- May 15, 2019
- 2,067
- 2,883
- AFL Club
- Richmond
The criminals that call themselves law and the institutions they bribe will make sure of it
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Nice avatar! I've got The Theory of Money and Credit on my bedside tableYes. But they need a bailout from the imf now to avoid defaulting and the imf are asking them to give up the bitcoin peg in order to provide them the funds.
Why would they hold something that's going to zero and consider it easy money? Makes no sense to me.Who do you think holds a huge chunk of crypto? Institutions, billionaires. They smell easy money.
This isn't decentralised by a long shot.
Can you give examples of billionaires and/or institutions who are doing that?To drag money out of people.
No different than the stock market. Companies go under all the time and people take big losses. It just happens a lot faster in crypto.
One or two of them got regulated good and hard by the market recently lolAt last count there are around 20,000 cryptocurrencies and they are regulated by no one.
You're generalising all of crypto. Are you talking about Elon, Saylor, or shitcoin creators? There's a difference.Dude. I'll get you a PDF of course.
Quick Google based on a remembered section from a video I watched gave me:You're generalising all of crypto. Are you talking about Elon, Saylor, or shitcoin creators? There's a difference.
In the previous five years, Bitcoin's mining capacity has been very concentrated, according to the report. The top 10 per cent of miners controlled roughly 90 per cent of mining. Around 50 miners controlled half of the mining capacity.
“top 1,000 investors control about 3 million BTC and the top 10,000 investors own around 5 million Bitcoins”, according to the paper.
While your claim that bitcoin isn't fully decentralised is legitimate, I see no reason to believe the largest holders think it's going to zero. Your stats are skewed somewhat because the alias known as Satoshi Nakamoto holds roughly 1 million BTC that have never been moved.Quick Google based on a remembered section from a video I watched gave me:
Yeah I don't know what they are doing with it. Are they leveraging it for other purposes? Is it part of SRD or some other minimum assets level? What I mean is, are they listing it as an asset and thus able to free up cash to lend or invest?I see no reason to believe the largest holders think it's going to zero.
Graphics Card Prices are Finally Coming Down - IGN
After years of high prices, graphics cards are finally becoming cheaper.www.ign.com
Crypto going down, and more graphics cards have now suddenly become available......
This is the crash the world needed.
There is a stable coin for each currency. It's the currency.
This thread is certainly down in traffic.
Will you still maintain your view when its down to $5000?While your claim that bitcoin isn't fully decentralised is legitimate, I see no reason to believe the largest holders think it's going to zero. Your stats are skewed somewhat because the alias known as Satoshi Nakamoto holds roughly 1 million BTC that have never been moved.
Large holders of bitcoin believe in it's long term viability, which is why they hold long term. Tesla and Microstrategy are currently in loss for their holdings, yet don't seem bothered. If they're holding something they consider worthless and going to zero, their strategy is counterintuitive.
The same critique has been around as long as I've been into crypto, yet we just had another bubble. I can't wait to hear more about tulips and the like. Will you post the same criticism after we dump from $100k to $40k?