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Gossip & Opinions / Re: Silver is exploding
« Last post by Dave D on Today at 07:00:29 PM »Yes based on the scarcity, and inability for manipulation. And being algoritm based. Meaning it can't be manipulated/inflated in the way governmental controlled/bank controlled fiat.
bitcoin has just as big/less chance at getting in the hands of the wealthy and powerful as any other currency. No more no less. It is just a means for trade and value storage.
only threat to bitcoin is governmental ban of using it otherwise it would probably grow to be world currency and replace us dollar.
Yeah I hear people say this but it doesn’t make sense. Bitcoins value is based on what the dollar says it’s worth. If bitcoin becomes a currency let’s say a pizza cost 1 bitcoin, then a week later one bitcoin can buy 7 pizzas. Because someone dies and they have 1000 bitcoins secured in a “locker” that no one has access to. Bitcoins become even more scarce, once a bitcoin is gone it’s gone forever.
Is the thought that because it’s limited it will stop inflation?

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