You can make a realistic argument that Bitcoin and all of crypto, as with many other asset classes, are currently inflated and manipulated. I can't prove whether or not fraud has happened, but the Tether stuff is indeed shady feeling and I think has contributed a lot to the recent volatility.
Here's what you can't argue, however.
It is mathematically impossible for there to ever be more than 21 million Bitcoins.
The global economy is not sustainable. Centrally Managed currencies have beeen printed like mad and there will come a time soon when the global economy hits the shitter and they won't be able to hide the inflation.
Anything can happen of course, but I'd bet on Bitcoin to be positioned much better than any existing currency in the long-run.
It is mathematically impossible for there to ever be more than 21 million Bitcoins.
That won't stop anyone. There are mores shares out to borrow for shorting than the entire float of some companies. Look what they did to Overstock.com.
It's called fake paper assets, (((they))) use the same method to manipulate precious metals, stocks and the housing market. Heck all markets are manipulated. That still doesn't mean you can create assets out of thin air, only paper.
The solution is simple, stop buying their fake paper and buy the assets directly. And don't panic sell at the bottom just because they use their papers to create an artificial crash.
Hold, it's not a loss until you sell for a price lower than what you bought for. But you're right, it's pretty retarded to buy at the top, during all the hype ;-)
Crypto hasn't been solved yet. It's a scam until the real solution.
The solution is a mix of Ripple + Bitcoin + Ethereum
People need to realise that these systems are transactions ultimately and some cryptographic rollups and signing - but they need to remove the central issuers of stable coins and replace it with a single network which allows for automatic market exchanges and custom interest and other banking instruments - but not focus on the central currency directly
And well placed emps' can make it go to nothing in the blink of an eye. A true global reset
from my field-studies, women love tulips.
to think 100 years ago you could have paid for a lay with clamshells. CLAMSHELLS, JERRY!!
You can make a realistic argument that Bitcoin and all of crypto, as with many other asset classes, are currently inflated and manipulated. I can't prove whether or not fraud has happened, but the Tether stuff is indeed shady feeling and I think has contributed a lot to the recent volatility.
Here's what you can't argue, however.
It is mathematically impossible for there to ever be more than 21 million Bitcoins.
The global economy is not sustainable. Centrally Managed currencies have beeen printed like mad and there will come a time soon when the global economy hits the shitter and they won't be able to hide the inflation.
Anything can happen of course, but I'd bet on Bitcoin to be positioned much better than any existing currency in the long-run.
PS: Jacobin Mag is a fucking awful source.
That won't stop anyone. There are mores shares out to borrow for shorting than the entire float of some companies. Look what they did to Overstock.com.
It's called fake paper assets, (((they))) use the same method to manipulate precious metals, stocks and the housing market. Heck all markets are manipulated. That still doesn't mean you can create assets out of thin air, only paper.
The solution is simple, stop buying their fake paper and buy the assets directly. And don't panic sell at the bottom just because they use their papers to create an artificial crash.
Hold, it's not a loss until you sell for a price lower than what you bought for. But you're right, it's pretty retarded to buy at the top, during all the hype ;-)
you dont loose if you dont sell.
silver lining?
blockchain.
case study?
crypto currency.
Crypto hasn't been solved yet. It's a scam until the real solution.
The solution is a mix of Ripple + Bitcoin + Ethereum
People need to realise that these systems are transactions ultimately and some cryptographic rollups and signing - but they need to remove the central issuers of stable coins and replace it with a single network which allows for automatic market exchanges and custom interest and other banking instruments - but not focus on the central currency directly