Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

To: cymbeline

There’s a 22 million max, and the amount available to mine halves every four years.

It’s a speculative scheme.


12 posted on 11/11/2017 3:20:40 PM PST by dynoman (Objectivity is the essence of intelligence. - Marilyn vos Savant)
[ Post Reply | Private Reply | To 8 | View Replies ]


To: dynoman

I was an early believer. I’ve started exiting before the thing implodes. Too much manipulation. Being turned into a Ponzi scheme in some instances, imho. Good thing I am out of Bitcoin already after what happened the last couple of days.


20 posted on 11/11/2017 3:31:08 PM PST by refreshed (But we preach Christ crucified... 1 Corinthians 1:23)
[ Post Reply | Private Reply | To 12 | View Replies ]

To: dynoman

“There’s a 22 million max.” Maybe not. If someone creates a bit coin bank and issues secured loans on set interest rates, then the money supply increases. The value of bit coin stabilizes and maybe drops in value.
When everything comes crashing down, the banks holding the collateral becomes filthy rich property owners. Much like the crash of ‘29.


40 posted on 11/11/2017 6:24:27 PM PST by Deaf Smith (When a Texan takes his chances, chances will be taken that's for sure)
[ Post Reply | Private Reply | To 12 | View Replies ]

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson