1/ #Bitcoin and other privacy focused and decentralized crypto currencies are the biggest innovation of my lifetime. They literally take the power and control of money out of the hands of government and into the hands of people that use it.
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You’ve got equal opportunity to money with fiat currencies, don’t know what you’re talking about.
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errr no, bankers & their powerful friends have access to cheap fiat money, most people don't.
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Bankers and their powerful friends also have access to cheap cryptos. From being invited to partnerships to participating on private sales of ICOs (before pre-sale) to market manipulation and capacity to obtain insider info. So I still don’t know what you are talking about.
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Let's be specific, I'm talking Bitcoin not the thousands altcoins & ICO scams LMAO. There's no such thing as "access to cheap bitcoins", because you can't print bitcoins out of thin air.
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Oh god then you picked the worst case then - bitcoin is mined mostly in China (and Russia). You’ve got a country that mines most of the coin and you think you have equal opportunity to wealth. I definitely won’t be able to get your point. Do more research.
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lol, ok now you just show you're clueless
Where bitcoins are mined has nothing to do bitcoin distribution. You can always buy bitcoins on the open market. If miners hoard them all, who would be paying their mining bills? LOL -
I was talking about inflation, not ownership of an asset. If a country decides to print more or less “paper” its value changes due to supply. Same applies to mining => market manipulation which enriches the wealthy and makes the poor poorer.
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I want whatever you're smoking
To say China mining most of bitcoins is the same as central banks printing out money / controlling inflation, is just ridiculous. Sorry, but you're not making any sense. - 1 more reply
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