31–40 of 262 posts
Earlier quoted context omitted.
> There are 21,000,000 BTC ever ever, you can't print more. This is not true. Forks exist, and anyone can make 21 million bitcoin at a time. It’s still a question of if people will accept the forks, but it is an option
If it's a fork then it's not BTC
Earlier quoted context omitted.
> The iPad didn't really suffer much from the same naming "problem". It's not really the same thing. Pad can often refer to things like "pads of paper", or be a slang name for an apartment. > Libra is pretty much just the latin name for "Pound". It's a pretty damn good name for the currency. A lot of teenagers probably aren't going to know that. Whereas there is literally a brand called "Libra" that makes tampons, pa…
The Libra name is only used in Australia and New Zealand [0], it's unlikely that two things carrying the same name will influence the brand of Facebook's currency a whole lot. https://en.wikipedia.org/wiki/Libresse#International_brandin...
If it is pegged to USD, there is no investment potential. It is just as bad as cash. The idea behind bitcoin is that you don't need to rely on the US government for storing value. There are 21,000,000 BTC ever ever, you can't print more. That article did not address this at all. This is the most compelling reason to buy bitcoin.
> There are 21,000,000 BTC ever ever, you can't print more Untrue. More could easily be printed if that is what the leadership/community wanted.
Earlier quoted context omitted.
If it is pegged to USD, there is no investment potential. It is just as bad as cash. Tether became (at least for a time) a favored method for cryptocurrency investors to shift their positions to USD. I think Facebook has a good chance of doing the job better with Libra than Tether has done. This might put Facebook into an advantaged position in future payments services and cryptocurrency. (One thing that just occurre…
The German Mark? Do they have a time machine too?
Earlier quoted context omitted.
If it's a fork then it's not BTC
But what is “BTC”? It’s the version of bitcoin code that people generally accept. Every update to the code is a fork.
If it is pegged to USD, there is no investment potential. It is just as bad as cash. The idea behind bitcoin is that you don't need to rely on the US government for storing value. There are 21,000,000 BTC ever ever, you can't print more. That article did not address this at all. This is the most compelling reason to buy bitcoin.
> There are 21,000,000 BTC ever ever, you can't print more Untrue. More could easily be printed if that is what the leadership/community wanted.
Who votes to increase the 21M cap, devaluing your own holdings?
Sir, it appears the nays have it..
Earlier quoted context omitted.
Bitcoin has not failed. I know several people personally that are paid in it. They can also use it to buy things.
And when they buy things, are those things denominated in fiat currency or in bitcoin?
If it is pegged to USD, there is no investment potential. It is just as bad as cash. The idea behind bitcoin is that you don't need to rely on the US government for storing value. There are 21,000,000 BTC ever ever, you can't print more. That article did not address this at all. This is the most compelling reason to buy bitcoin.
Surely this is Satoshi's design goal.
Also don't worry about the exchanges operating out of obscure off shore islands, they probably arn't operating fractional reserves.
Earlier quoted context omitted.
> There are 21,000,000 BTC ever ever, you can't print more Untrue. More could easily be printed if that is what the leadership/community wanted.
Let's take a vote! Who votes to increase the 21M cap, devaluing your own holdings? Sir, it appears the nays have it..
Earlier quoted context omitted.
> There are 21,000,000 BTC ever ever, you can't print more. This is not true. Forks exist, and anyone can make 21 million bitcoin at a time. It’s still a question of if people will accept the forks, but it is an option
If it's a fork then it's not BTC