As long as we have central banks, they won't let others create money out of thin air as that's their job. Not saying I approve fiat, just saying that authorities will not let that happen as they'd lose control. They can just make all cryptos illegal. Most wont break the law.
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Replying to @SamLaakso
Others already are creating money from thin air. Bitcoin is already $130B in size. I believe it's the opposite. Those countries which ban it, will suffer. Those countries that adopt / invest in it the earliest will thrive tremendously. Remember, governments are adversarial.
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Replying to @MustStopMurad
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.1 reply 0 retweets 0 likes -
Replying to @SamLaakso
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.
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Replying to @MustStopMurad
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.
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Replying to @SamLaakso @MustStopMurad
Oh, look, a
$GOLD bug playing protection game for his antiquated pet rock.pic.twitter.com/uX7Mz3gtlH2 replies 1 retweet 1 like -
Replying to @markfinelli @MustStopMurad
Bitcoin reserves?pic.twitter.com/ToVEYKR4Cb
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Replying to @SamLaakso @markfinelli
Did you like your own tweet? Also, Gold is 12,000+ years old, BTC only 9. give it another decade
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Replying to @MustStopMurad @markfinelli
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.
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Replying to @SamLaakso @markfinelli
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
2 replies 0 retweets 1 like
It's like a better Gold. All it needs is time to achieve greater monetization.
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Replying to @MustStopMurad @markfinelli
It has certain features which are undoubtedly better than gold but for example bitcoin wouldn't survive the collapse of internet but gold would.
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