posted ago by trumpshouldhavewon +7 / -0

If the Reserves issue official digital coins, will the FEDS allow Bitcoin to survive?

Comments (14)
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6
Fignugent 6 points ago +7 / -1

"allow"?

you make it sound like they can do shit about it

1
trumpshouldhavewon [S] 1 point ago +1 / -0

They did steal an election right in front of us.

4
OXIE 4 points ago +5 / -1

You can steal an election if you run all the voting machines.

Bitcoin is a lot different when you are not the only one running it.

-1
Harambe -1 points ago +1 / -2

Imahine thinking bitxoin is unrivaled. FFS. The largest bitcoin investor is soros and it has no regulation. Aka soros can fuck you in the ass directly.

2
fegeline 2 points ago +2 / -0

Regulation was never made to protect people like you, it was made to rig the game in favor of people like Soros. You don't want regulation, and if you're smart you can fuck Soros, just like those kids over at reddit fucked over the hedge funders on wall street, with $GME, until regulators went in and stopped them.

Show me which wallet belong to Soros, I wanna see when he move massive amount of funds, because that's a great way to tell when hell is gonna break lose with massive antifa or BLM riots.

2
OXIE 2 points ago +2 / -0

I don't think bitcoin is unrivaled, actually I stopped writing code for it after I got tired of too many arguments about the best ways to make it run faster and other features. But while it is not the best technically it still is very good and has the advantage of being first with the most momentum.

Actually ethereum is more versatile and if you have a specific interest like privacy there are others specifically designed for that like Monero and ZCash.

Soros is now worth about $8 Billion and still controls about $30 Billion. Now if every bit of that was invested in Bitcoins and he suddenly dumped it all on the $1 Trillion Dollar Bitcoin Market that would be about 3 percent. The Daily Volume of the bitcoin trading market is around $11 Billion. All that would be absorbed in less than 3 days. I am sure the price would be down for a few days but it would recover quickly and most bitcoin holders would not even notice.

1
michelles-foreskin 1 point ago +1 / -0

We’d just keep hodling and buying while ball sack eyes does his best to drop the price

5
OXIE 5 points ago +5 / -0

Its not a question of If

They will try digital coins then try to make bitcoin illegal when their digital coins do not catch on.

But that will be as unsuccessful as trying to make owning gold illegal.

-3
Harambe -3 points ago +1 / -4

Nah it will crash the price of bitcoin, % of coins are held by institutions. Its another trick like GME to take goyim money

3
fegeline 3 points ago +3 / -0

The only way to do that would be to sell massive amounts of crypto they already hold, on the market. Which would quickly send the price down. At that point I and many other whales will be there like scooping it all up cheaply, sending the price back up again.

How was it Soros and the other got rich again? buy high, sell low... I'm sure it was the opposite, don't you think.

3
5121313 3 points ago +3 / -0

WHO CONTROLS BITCOIN? In short: no one. But it can be difficult to understand how this is possible and why it’s important. https://medium.com/naspers/who-controls-bitcoin-506672b1150e

Decentralised cryptocurrencies are independent of any sort of centralised control. Bitcoin is largely immune to some of the most serious problems local currencies face.

It doesn’t shut down on bank holidays and leave people without access to vital services. It can’t experience hyperinflation due to badly managed monetary policies. It can’t be suddenly withdrawn. It can’t be seized from your account to bail out failing institutions (known as a bail-in.) It can’t be taken away by international sanctions. And it can’t truly be banned or censored.

Bitcoin belongs to you as much as it belongs to anyone else.

3
fegeline 3 points ago +3 / -0

NWO already knows they cannot beat crypto, MSM will keep spread their propaganda about a digital dollar but I don't think that will happen. It's more likely they just crash the dollar and replace it with Gates new social credit system.