Why?
Discussion
Because they can't inflate the #Bitcoin supply. Once we all have savings in Bitcoin instead of their paper, they won't be able to control us. We, the people, will control them.
You’ll still have to pay taxes though, right?
That's correct.
So then they’ll still be able to control us. Didn’t they just divide up bitcoin into sats at some point?
Control isn't just about taxes. Does the electricity provider control you because you pay them money for their services?
#Bitcoin is divided into #sats since day one. If you can read the open sourced Bitcoin code, you'll see that bitcoin as a coin was never used even once. It was always sats.
How exactly are we controlling them if they still collect taxes?
If they don't have means to create money out of thin air, the government won't be able to go to the middle east and start another war. They'll have to reason with the tax payers. The tax payers have a control.
Right now, they don't care and don't ask. They just create more money out of thin air and finance whatever they want.
I also have questions about who the "we" is in this equation. Do we know the identity of some of the major whales? Do we know what their interests are?
Do you know the identity of some of the major dollar/gold/oil/land holders? Do we know what their interests are?
Are you retarded?
You are on a decentralized platform, talking about decentralized money and now you want to know the identity of it's users?? Fuck off! It's not your business to know my or anyone else's identity.
You misunderstand my point.
How do we know that CIA/NSA/SEC or affiliated organizations aren't holding onto massive reserves with the ability to disrupt the market?
How do we know that there aren't major financiers who keep reserves of Bitcoin for malicious purposes?
These tactics have been used in oil, gold, and currencies multiple times throughout history.
I think it’s extremely likely. But really CBDCs will be a thing (very soon) because of crypto people, and all of the fraud and scams.
CBDCs are already a thing in China, Nigeria... #Bitcoin is the way of escape due to its decentralized nature.
Let's say some entity hold large amount of #Bitcoin and are looking to manipulate the market. What can they do? Sell it all? Great, we'll buy it and then what? They won't be able to sell it again if they don't hold it.
You see Bitcoin as a token with a pricetag. Look beyond it. I'm at the stage where I couldn't care less. The only think that matters to me is to have more Bitcoin next year than I have now.
Do you understand basic economics? What happens when you flood a market with something? The price tanks, they collect actual cash they can use in the real world to buy things, and you’re left holding useless internet money nobody accepts.
Do you understand basic economics? Bitcoin is the hardest money, we ever had. It's limited to 21 million and there's never going to be more of it. As I said, look beyond the price.
Do you think #Bitcoin is useless internet money, nobody uses?
