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To: zeestephen

Not sure of your point.

No one disputes any of that.

The number mined is a known number. I don’t know what they are exactly. You are using stock valuation terms applied to Bitcoin. That’s not going to work. The value is a peer to peer agreement, not based on float—you are not valuing assets across shares.

It’s a bit more complicated than a spreadsheet. LOL

One of the beauties of bitcoin is you cannot get charged back. It is meant for grownups who understand they are exchanging value. Legally, you possess the private keys that hold the bitcoin on the blockchain. If you don’t own the keys…you don’t own the bitcoin.

I hear the “EMP” thing a lot. If your power goes off for more than a day or so…your entire financial system will go away. Well over 90% of financial transactions are “digital” these days.

If the power really goes out, you better have cash, gold, food, and bullets.


29 posted on 11/21/2024 2:42:33 PM PST by Vermont Lt
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To: Vermont Lt
Re: "Not sure of your point."

Simple - Valuation, ownership, and potentially infinite competitive Crypto.

If the supply of Crypto goes up, the value comes down.

Called inflation in my world.

Re: "It's a bit more complicated than a spreadsheet."

My understanding is that the Block Chain records an anonymous transaction between two anonymous persons or business entities.

How does that help you? I do not see it.

Re: "One of the beauties of bitcoin is you cannot get charged back."

I do not know what charged back means?

Re: "Electricity..."

My closing laugh line - which failed.

35 posted on 11/21/2024 3:52:51 PM PST by zeestephen (Trump "Lost" By 43,000 Votes - Spread Across Three States - GA, WI, AZ)
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