Posted on 05/20/2021 3:53:55 PM PDT by DUMBGRUNT
The ‘value’ of almost all money is based on wishful thinking...
If you are seriously comparing tulip mania to bitcoin you need to do more research. Crypto is not tulips and in fact there is ample evidence tulips weren't even tulips.
You could just get on coinbase and buy a little bitcoin and any others you like and see what happens. Crypto is really down right now and that may continue or it may not. Have some fun with it on the cheap and who knows what might happen.
Gook Luck!
Yes at one point in history there was tulip madness that would rival bitty coin
The computers will stop generating bitcoins at 21 million because that is the way bitcoin mining is programmed. Every couple of years the amount of new bitcoins created is cut in half, so the supply of new ones is exponentially decreasing.
Very few people will ever own a full bitcoin. Unlike the dollar which is divided into 100 cents, bitcoin is divided into 100,000,000 satoshis. So even a a $1 million bitcoin, that’s still only one cent each.
And nobody can change the programming? You have seen the source code?
Any attempt to change the programming would be instantly rejected by the thousands of independent miners on the network whose purpose is to ensure that all transactions are valid. It would render it almost impossible to successfully implement such a change. It would require an enormous collaboration by everyone involved with bitcoin. The entire system is set up with the purpose being that no one person or small group of people can change anything about it.
https://river.com/learn/can-bitcoins-hard-cap-of-21-million-be-changed/#bitcoins-hard-cap
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