Catholic Info
Traditional Catholic Faith => Politics and World Leaders => Topic started by: Mark 79 on March 16, 2024, 02:17:10 AM
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I know that there are many Bitcoin naysayers on CI, but I affirm that Bitcoin does play a role in fighting the JMF's "monetary system." They have always debased coinage and currency, from coin-clipping to ETFs.
Fight them with every tool available!
BITCOIN HAS NO TOP BECAUSE FIAT HAS NO BOTTOM: UNDERSTANDING MONETARY DEBASEMENT
https://bitcoinmagazine.com/sponsored/bitcoin-has-no-top-because-fiat-has-no-bottom-understanding-monetary-debasement
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I know that there are many Bitcoin naysayers on CI, but I affirm that Bitcoin does play a role in fighting the JMF's "monetary system." They have always debased coinage and currency, from coin-clipping to ETFs.
Fight them with every tool available!
BITCOIN HAS NO TOP BECAUSE FIAT HAS NO BOTTOM: UNDERSTANDING MONETARY DEBASEMENT
https://bitcoinmagazine.com/sponsored/bitcoin-has-no-top-because-fiat-has-no-bottom-understanding-monetary-debasement
Btc follows stocks. In 2020 covid crash btc also crashed, it follow global liquidity. Also btc is terrible for transactions as it has a slow txs speed, high fees when people actual use the network, and is a transparent ledger.
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I know that there are many Bitcoin naysayers on CI, but I affirm that Bitcoin does play a role in fighting the JMF's "monetary system." They have always debased coinage and currency, from coin-clipping to ETFs.
Fight them with every tool available!
BITCOIN HAS NO TOP BECAUSE FIAT HAS NO BOTTOM: UNDERSTANDING MONETARY DEBASEMENT
https://bitcoinmagazine.com/sponsored/bitcoin-has-no-top-because-fiat-has-no-bottom-understanding-monetary-debasement
No doubt many people are making a boatload of money on it, but I don’t want to be left without a chair when the music stops. I’m terrible at timing. :laugh1:
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No doubt many people are making a boatload of money on it, but I don’t want to be left without a chair when the music stops. I’m terrible at timing. :laugh1:
Early adopters will have plenty of chairs. :cowboy:
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(https://westernrifleshooters.us/wp-content/uploads/2024/03/thumbnail_IMG_4539.png)
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That's interesting, but are there any guarantees that they won't "print" more Bitcoins?
It seems to me that it is only a matter of time until the Jєωs control it too.
Look at what they did to Libya's Gadaffi when he tried to bring back the gold standard.
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Early adopters will have plenty of chairs. :cowboy:
If I were an early adopter and made millions, I would sell 50% to 75% and let the rest ride.
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Meh, it’s all ultimately controlled by the Jєωs.
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That's interesting, but are there any guarantees that they won't "print" more Bitcoins?
It seems to me that it is only a matter of time until the Jєωs control it too.
Look at what they did to Libya's Gadaffi when he tried to bring back the gold standard.
Due to nature of computer code they can't do it without forking the project i.e making a another different bitcoin. Also I have seen some post that BTC is at the end of it's first cycle that it's been in since it's inception. will be interesting to see what happens by 2027.
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Meh, it’s all ultimately controlled by the Jєωs.
Since .zog allowed ETFs the JMFs have been manipulating the price as they have done every commodity and currency.
I'd argue that it is somewhat more difficult with BTC. They have easily manipulated gold pricing, for example, by "printing" more gold than has ever been mined. Since the total maximum amount of BTC is limited to 21 million, it is a bit more difficult for them to hypothecate more than 21 million BTC.
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Since .zog allowed ETFs the JMFs have been manipulating the price as they have done every commodity and currency.
I'd argue that it is somewhat more difficult with BTC. They have easily manipulated gold pricing, for example, by "printing" more gold than has ever been mined. Since the total maximum amount of BTC is limited to 21 million, it is a bit more difficult for them to hypothecate more than 21 million BTC.
They say that there are only 21million BTC, but it seems to me that it can be divided indefinitely. So, in reality the price can keep going up and fractions of “Bitcoins” will continue to be created.
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They say that there are only 21million BTC, but it seems to me that it can be divided indefinitely. So, in reality the price can keep going up and fractions of “Bitcoins” will continue to be created.
1 Bitcoin = 100,000,000 satoshis
A satoshi is the atomic unit of bitcoin; each bitcoin is divisible into 100,000,000 satoshis, which are often called sats.
They cannot create more bitcoin. Creating fractions...:facepalm:
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1 Bitcoin = 100,000,000 satoshis
A satoshi is the atomic unit of bitcoin; each bitcoin is divisible into 100,000,000 satoshis, which are often called sats.
They cannot create more bitcoin. Creating fractions...:facepalm:
Is there a guarantee that a satoshi won’t be divided into smaller units?
If I had only 1 satoshi, what would prevent me from partnering with 10 people with each of us getting one tenth of a satoshi?
Can you buy an ETF that is based on Bitcoin or another cryptocurrency?
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Is there a guarantee that a satoshi won’t be divided into smaller units?
If I had only 1 satoshi, what would prevent me from partnering with 10 people with each of us getting one tenth of a satoshi?
Can you buy an ETF that is based on Bitcoin or another cryptocurrency?
Crypto can't easy be changed since it's coded in. You would need control over 51% of the network to make an attack and even then others could just fork the project.
Sure if someone wanted to make a financial product where one product= 1 sataoshi they could divide that product up further, but the backing would still be 1 satoshi in this case.
Bitcon current has some ETFs.
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Crypto can't easy be changed since it's coded in. You would need control over 51% of the network to make an attack and even then others could just fork the project.
Sure if someone wanted to make a financial product where one product= 1 sataoshi they could divide that product up further, but the backing would still be 1 satoshi in this case.
Bitcon current has some ETFs.
The point I was trying to make is that as long as the price keeps going up it can and will be fractionalized. With Crypto ETFs, their market can and will be destabilized.
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The point I was trying to make is that as long as the price keeps going up it can and will be fractionalized. With Crypto ETFs, their market can and will be destabilized.
AnthonyPadua's point still stands. Fractionalizing a bitcoin doesn't destabilize it; the price just decreases by the fraction. Stocks splits have been happening for a 100 years and this doesn't destabilize anything.
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AnthonyPadua's point still stands. Fractionalizing a bitcoin doesn't destabilize it; the price just decreases by the fraction. Stocks splits have been happening for a 100 years and this doesn't destabilize anything.
In this case bitcoins price wouldn't change because it can't be split more 1 bitcoin = 1 Bitcoin. However an etfs price could.
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AnthonyPadua's point still stands. Fractionalizing a bitcoin doesn't destabilize it; the price just decreases by the fraction. Stocks splits have been happening for a 100 years and this doesn't destabilize anything.
I said that the ETFs cause the destabilization.
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Btc follows stocks.
Or the stocks follow bitcoin?
But is there even a correlation?
Value is relative.
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Or the stocks follow bitcoin?
But is there even a correlation?
Value is relative.
Stocks move first. They are larger market, liquidity typically trickles down.
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Btc follows stocks.
De Nicola, Giacomo. “On the Intraday Behavior of Bitcoin (http://ledger.pitt.edu/ojs/ledger/article/view/213).” Ledger 6 (July 12, 2021).