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/biz/ - Business & Finance


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24966206 No.24966206 [Reply] [Original]

What guarantee is it that when the last bitcoin has been mined future governance doesnt vote for proof of stake so banks with large amounts of bitcoin can now flip off the miners and take their fee profits? is this already priced in?

>> No.24966232

>>24966206
yes, love dogs.
Didnt read your post cuz dogs are more awesome!

>> No.24966345

>>24966206
Bitcoin is technically junk. The emission curve is an libertarian autist dream come true but monero’s tail emission is how an actual procotol should run

>> No.24966380

>>24966232
seconded

(dog girls are awesome too)

>> No.24966394

>>24966345
this is what i was just thinking about. if banks can no longer can an increase supply of bitcoin without other banks falling under and going bankrupt, how would they grow without atleast a little bit of inflation? because if it was a 100% honest bank, they wouldn't be crediting users with more bitcoin then actually existed in their vaults. how pozzed would it be if the banks realized this and in the future they made monero propaganda like it was now their coin? if that is the case watch monero bleed this decade so greedy wealth can accumulate, after all it is private and you can not tell

>> No.24966525

>>24966394
There is a lot of euphoria in bitcoin right now. Banks will never use bitcoin as collateral for lending. Banks require something that is inflating at a nice clip. Monero won’t fit that need either. Monero is just technically better than Bitcoin, bitcoin is being pumped by some real dinosaurs right now.

>> No.24966595

>>24966525
Gold is tier 1 collateral mostly because it doesn't inflate. You're out of your league, kud

>> No.24966630

>>24966595
Gold is not used for collateral for lending you fucking retard

>> No.24967381

>>24966525
do you think there will really be something to split the fact that people either are choosing between tether or btc on exchanges? as something to then officially store their wealth into? i know most people would probably prefer to diversify into actual gold onto that same exchange if they are smart and believe in economic uncertainty and are uncertain what tether and btc would do in a collapse. you're right btc is euphoric, and you could be right btc will never be used, but, that doesnt mean that it is imminent you are right, it could infact mean the opposite and that the euphoria leads to bitcoin backed banks, which would be uncertain they could last more than 50 years before collapsing with no government bailout

>> No.24968278

Bitcoin was just made so that everyone who understands banking and hates it gets rich so they won't oppose the banks anymore.

>> No.24968315
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24968315

>>24966595
Gold does inflate retard, the supply increases 2-4% a year.

>> No.24968334

>>24968278
Bitcoin was made so techbros could recreate the entire banking sector from first principles because they're idiots who refuse to research before 'inventing' shit.

>> No.24968346

>>24966595
Common misconception
Gold supply actually inflates at about 1.5% per year
It's called mining

>> No.24968382
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24968382

>>24966206
>>24966232
>>24966380
yeah. came here for that sweet dog.
thinkin about them dohgies.

>> No.24968406

>>24966595
Doesn’t inflate yet already has a higher inflation rate then bitcoin, the absolute state