Posted on 11/11/2017 2:52:31 PM PST by davikkm
It’s actually 21 million max...
https://www.investopedia.com/news/what-happens-bitcoin-after-all-21-million-are-mined/
How does Satoshi Nakamoto hold control to prevent owners of bit coin from loaning their equity (with a clost) to speculators or as a monitary value to make loans? The whole structure of bit coin that I have read is that is to be a currency. If it cannot be traded or speculated, then is not.
It looks like bitcoin is a vehicle for speculation. It looks like very little is actually used for currency. Then I watched a documentary in which two people said the majority of bitcoin holders are speculators, not users. Confirmed it for me.
The guy I refer to in post 21 got in bitcoin purely for speculation. He thought the promise to turn 15k into 670K was real.
BTW, the Bitcoin Cash pump went parabolic on Saturday night...BCH now has a bigger market cap than ETH! BCH up 155% in 24 hours to $2422. by 11:30pm PST. Hold on to your hats and batten down the hatches, it is going to be a crazy weekend in crypto! Chinese ASIC miners are staging a coup I guess.
As they say, I’ll hodl for awhile where I’m at. Thanks for all the info.
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