Over70irregs
Well-Known Member
Research. Notice the page number? Are you kidding…
Almost finished Lyn Alden's Broken Money. Finished Bitcoin Evangelism. Read the Creature from Jekyll Island three times over the last decade.(There WILL be a supply crunch guys because it’s limited. I would not waste your hard working time)
JUST IN: #Bitcoin ETFs are buying up 12.5x more bitcoin per day than the daily issuance -
There's no voting.Except for by voting to increase the maximum supply.
There absolutely is.There's no voting.
Based…Almost finished Lyn Alden's Broken Money. Finished Bitcoin Evangelism. Read the Creature from Jekyll Island three times over the last decade.
My de programming is almost complete.
And yes, I hold Bitcoin on my Trezor.
I’ll just leave this and tip out.There absolutely is.
Everyone running a full node is putting in their vote.
okay, fair enough, . So why would anyone running a node vote to increase the max supply? Presumably, a person running a node holds bitcoin. Why would such a person vote to increase maximum supply and dilute the value of the bitcoin he holds ?There absolutely is.
Everyone running a full node is putting in their vote.
Based??????Based…
Kinda slang like bad = goodBased??????
Anyone with both mining hardware and nodes could be willing.okay, fair enough, . So why would anyone running a node vote to increase the max supply? Presumably, a person running a node holds bitcoin. Why would such a person vote to increase maximum supply and dilute the value of the bitcoin he holds ?
2.1 quadrillion satoshisAnyone with both mining hardware and nodes could be willing.
Just like the government debases its currency in order to end up with a larger percentage of the whole.
I'm not suggesting it will happen, but it could.
The meme I quoted referred to such an event as impossible.
the only way I could imagine it happening is if enough Bitcoin was lost or hyperbitcoinization (or both) and Sats were too valuable for small goods therefore dilution was required to avoid being supplanted by another monetary systemokay, fair enough, . So why would anyone running a node vote to increase the max supply? Presumably, a person running a node holds bitcoin. Why would such a person vote to increase maximum supply and dilute the value of the bitcoin he holds ?
Anyone study pi 3.14the only way I could imagine it happening is if enough Bitcoin was lost or hyperbitcoinization (or both) and Sats were too valuable for small goods therefore dilution was required to avoid being supplanted by another monetary system
I think this is inevitable actually, but it doesn't technically make your Sats less
There can always be a software update (soft fork) that makes Bitcoin even more divisible . In other words , units smaller than Sats existing. Most miners and nodes would go along with this as this does not make any more bitcointhe only way I could imagine it happening is if enough Bitcoin was lost or hyperbitcoinization (or both) and Sats were too valuable for small goods therefore dilution was required to avoid being supplanted by another monetary system
I think this is inevitable actually, but it doesn't technically make your Sats less valuable