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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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. -
Go read more about cryptocurrencies and about money in general. If you want to understand more and actually make money trading.
End of conversation
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Whereas with fiat, central banks can always print more. And who has the best access to new fiat being printed but the bankers?? Who do you think benefited the most from the 2008 bailout? Where is that money coming from? Did the people have a choice?
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Read above - mining = printing paper
End of conversation
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