As long as we have central banks, #Bitcoin will never be a widespread medium of exchange. I also seriously doubt the reliable store of value.https://twitter.com/MustStopMurad/status/1022169639386836992 …
You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more
Could be. The market cap of the euro is about 1,1 trillion euros. Also $FB wiped out over 140B dollars of market cap in 90 minutes after hours. China has already banned ICOs. If major central banks act together for the ban they could trash the crypto market.
China banned ICOs and Bitcoin price went up that same week. That's my point - Major central banks are unlikely to band together. Look at already the currency wars already happening today. Everyone has their own selfish interests. And if BTC works, they will buy it.
With the limitations of expandability (aka too massive energy consumption if brought to tradable size) I think that bitcoin stands a little chance of making it to the big boys league. The fed is already dumping 40bil a month in QT, I'd say that's the big boys league.
Oh, look, a $GOLD bug playing protection game for his antiquated pet rock.pic.twitter.com/uX7Mz3gtlH
Did you like your own tweet? Also, Gold is 12,000+ years old, BTC only 9. give it another decade
Like I said, I have nothing personal against Bitcoin. Realistically I just don't see the big picture bitcoin folks are seeing. I'm planning to live way more than 10 years and so I'm looking forward to seeing the monetary playground of that time. Retweeted, common practice.
I think it's inevitable. It's just better money. A better product. You can only hold off free markets and true demand for so long. And Bitcoin's digital and leaderless nature makes it much much less prone to seizure and control.pic.twitter.com/5Hliv3Fnun
I don't think that if the G20 counties including the whole euro zone would all ban cryptos at the same time, that their economies would suffer. People get trapped with one rule policies but without a total chaotic event this will not change.
They've been trying to ban Bittorrent since 2006 but it's still alive and well... Understand that cryptocurrencies are just 1s and 0s on the internet
True, but when it comes to pure cash and money, that's where the true power lies. Don't take it for granted that elitists will let go of that power easily. Nothing personal against bitcoin, I just think that it's too heavy technology for it to last.
It's precisely because of Fed dumping that BTC will be seen as valuable. It's fixed-supply, sound money, stricter than Gold. The *ELITES* and *GOV OFFICIALS* themselves will buy it ;)pic.twitter.com/PQK1PFTzoG
As you said, only 1s and 0s online. Control over 50% and you'll be the king of Bitcoin. I'm skeptical. CBs in the east are buying gold and I'm long some physical gold but until we see some turbulence in the economy it's hard to say what happens to bitcoin.
Value is subjective. What we collectively agree to be valuable doesn't have to be physical. Money is an abstraction.
A global monetary standard based on Bitcoin doesn't suffer from Gold's centralization-in-vaults problem which inevitably leads to corruption and excessive fiduciary media supply expansion.
You don't think that massive centralization of processing power needed for blockchain verification is centralization-in-vault type of a dilemma? Isn't it so that over 50% is enough to alter the whole chain?
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.