Australia's largest stock trading and investment forum Australia's #1 stock forum

It is a pity that the mechanics of BTC are so clunky , It was...

First 1223 Last

Share
Profile

Follow
enoggera

6,985 Posts.

11

18/03/21

12:23

Post #: 51863474
Share

Originally posted by markco2: ↑

And for good reason.

More people who are ignorant will come out of the woodwork and call it a scam.
That's where social media and governments play their part in spreading complete utter disinformation and lies about the nature of Bitcoin.

The fact is, the Genie is out of the bottle.
Central Banks do not have a plan B.
Governments are caught between a rock and a hard place with their obsession with Fiat.
They can try to ban Btc.
But it won't work and they know it.

Try telling that to people of countries like Argentina and Venezuela where their livelihoods have already been ripped out from underneath them
because of their corrupt governments. Without Bitcoin they couldn't survive. That is just two countries that come to mind.

Michael Saylor sums it up best.
Bitcoin is mathematically perfect.
Scarcity of 21 million that can be divisible to infinity without inflation.

That is the direct opposite to Fiat.
Print more and inflation kicks in.

Expand

It is a pity that the mechanics of BTC are so clunky , It was first so thats its strength.The number of people who are investing into BTC who do not even know what the keys are is a worry. Third party risk will always be an issue
1 Upvote

Reply

Top Stories

MTS

'Outperforming' Metcash books profits lift – even as illegal tobacco rocks sales

SPN

Sparc opens small-scale green H2 plant in SA, but liquidity dried up

Virgin joins Greatland, VBX Ltd as IPO market heats up ahead of FY26

ASX Market Close: Virgin soars on IPO | June 24, 2025

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

First 1223 Last