Biz btfo by WaPo

Biz btfo by WaPo

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washingtonpost.com/outlook/five-myths/five-myths-about-bitcoin/2017/12/15/7a506742-e044-11e7-8679-a9728984779c_story.html
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lol so how is there an infinite supply of bitcoin. let me guess, they say all altcoins count as bitcoin and thus bitcoins are infinite or some retarded shit

So Jeff Bezos is fudding bitcoin?

The fact that there is so much criticism of it in the MSM makes me think we are just barely at the beginning of the bubble. The time to be worried is when MSM says the era of fiat is over.

>Use cheat engine
>Enter amount of bitcoins
>Change value

This kills crypto but no one knows yet

He is refering about the forks. As long as you can fork BTC, there is INFINITE supply.

in theory you could fork the btc chain and change the amount of btc in the newly generated chain

a regenesis so to speak

but thats the same as saying there a chance trump brings peace to the middle east

Is it possible to sue news outlets for spreading fud on things that are just blatant lies.

This is like saying yen is the same thing as usd. Or that the canadian dollar or us dollar are interchangeable

Cash has already been replaced by Debit/Credit Cards

no the article says because the community can change the limit to anything it wants.

(((Goldfeder)))

I CAN'T FIND THIS ARTICLE ON GOOGLE
REEEEEEEEEEEEEEE

Oh shit. No one told them that the community is slower to act than congress.

>every bitcoin fork has been seen as legitimate as bitcoin core

Nocoiners are cute

Forks. They claim if there is consensus that we need more than 21m coins, it could be hard forked. But I think they fail to realize that the new coin is NOT bitcoin.

>(((Goldfeder)))

The FUD really is in overdrive today isn't it.

washingtonpost.com/outlook/five-myths/five-myths-about-bitcoin/2017/12/15/7a506742-e044-11e7-8679-a9728984779c_story.html

But what if boomers treat it like bitcoin like they are with BCH?

An infinite supply of coins that are NOT bitcoin... Coins that will trade AGAINST bitcoin in markets.

Literally anyone can form Bitcoin. It has been done nearly 200 times. No one cares about the majority of the forks, and no one will care about the feature forks.

When bitcoin forks you get a proportional amount of the forked coin as well so you still have the same share of the market. Wapo is retarded.

(((goldfeder)))
every fucking time

the fork isnt bitcoin tho
just some shitty altcoin like Bcash

>every german name is jewish
the absolute state of /pol/tards

The comments section. wew lad.

"I'm going to change their currency from being worth 1 of itself, to 0 of itself"

Also fail to notice that's like turkeys voting for xmas

>written by a frenchman

Classic cuck

>legitimacy in crypto
top kek

I already heard this argument 1 month ago, and It's the most retarded thing I've heard about crypto. Fucking nocoiners are incredibly stupid.

>The issue is not whether Bitcoin is consuming electrical power, and the world's resources to generate that power, but rather who is paying for all that power. If it is being paid for by the rest of us, who have no interest in bitcoin, then it is a parasite, stealing from the rest of us to create "value". As such, the authorities should shut it down.
>boomers

But let's be real... the hard cap can be raised with a hard fork. You just need the majority of miners plus the economic majority of hodlers to agree. Which the banking cartels could very well become/already be by just buying 51% of all teh coins.

this is literally the shit you have framed on a wall and tell your kids how stupid people can be

writing an article about something that may happen in 130+ years.. how retarded are they?

Fucking Jeff

The problem is that you assume NO ONE sells Bitcoin for fiat, and you are wrong:

>Wait for fork, sell the shitcoin from the fork for BTC, sell BTC gains for fiat.

Let me repeat

>SELL BTC GAINS FOR FIAT

BTC price can potentially go down indefinitely just because forks are possible.

This
Butt why tho

>goldfeder

This has to be a parody article surely.

Retard. Ashkenazim names are influenced by Germanic and Slavic languages because they were most densely concentrated in that part of Europe.

t. an actual Jew

go fuck yourself you disgusting kike rat

And why would I intentionally use a coin that dilutes my wealth? Any fork in that direction is meant to fail. Holy shit these fake news retards.

these /pol/tards ACTUALLY believe every single german name is jewish. I just wanted to meme you, but you ACTUALLY believe this, huh?

Wew lads, how's that autism doing?

Interesting.... It does consume a lot of power desu but it's not like miners aren't paying their power bills.

It's not as bad as being accused of being a Jew everytime you show any tinge of support for a Jew, I guess 90% of Americans are Jews for supporting Israel.

I already explained to you why this is yet you willingly ignore it. Stupid cunt, kill yourself, there is no excuse

>90% support israel
Doubt.

Also they are spiritual jews and get the gas too.

Technically the algorithm never reached the 21 million mark and will keep creating fractions of a coin for years. I think

>Yes there is a finite supply of bitcoin and it will replace cash
its logical

It won't replace cash. Some other form of crypto might but Bitcoin is just fucking bad honestly.

Anyone investing in Bitcoin specifically _as a technology_ is a retard.

this is what the article says:

"Bitcoin has been described, per the title of one book, as “digital gold,” because it is supposedly impossible to create more than the 21 million units already planned for circulation. This past week Goldman Sachs published a research report stating that “bitcoin has a mathematically certain total supply.” Modern-day gold bugs, such as Ron Paul, like the idea that no government can debase bitcoin by increasing the supply.

Yet there is no guarantee that the supply of bitcoin won’t change. The currency’s original design calls for the 21 million units to be slowly created over the next 100 years or so. But the protocol can be amended by community consensus — a majority of participants in the bitcoin network — as has already occurred several times, such as an update that helped users specify payment conditions. So far, the bitcoin community has fiercely defended the planned finite supply and is notoriously change-averse. But politics among users, not math, keeps things that way for now.

Those politics may shift if bitcoin’s adherents come to agree with mainstream economists, who say the currency will hit a deflationary spiral as bitcoin are accidentally lost over time and the supply dwindles. Computer scientists also fear that the protocol will become unstable as inflationary rewards for bitcoin “miners” (who secure the system using tremendous computing power) are phased out in favor of transaction fees. For these reasons, some newer cryptocurrencies have eschewed bitcoin’s finite-supply plans. Instead, they follow a digital version of Milton Friedman’s proposal for low but constant inflation."

This FUDding is happening because sjws hate crypto just as much.

Cash and central banks mean the government can create money to pay for more government programs and social services. They take worth off wealth holders in the process. It's basically another form of give-outs.

If everyone switched to a crypto that worked this wouldn't be able to happen. So socialists and progressives are flipping their shits and will FUD this hard the more BTC enters the mainstream.

Prepare for massive waves of left-wing anger in the coming years.

also, one of these authors (joseph bonneau) taught a course at princeton that I took on cryptocurrencies, so he is actually not some clueless boomer.

the course can be taken for free on coursera, btw.

THIS IS GREAT DAY BROTHERS
TODAY IS THE DAY THE NORMIES START TO TURN THEIR HEADS AND STICK EM DIRECTLY INTO THE GROUND
TODAY MARKS nay REVOLUTIONIZES CRYPTO IN THAT WE WILL ALL MAKE IT
REJOICE
REJOICE!
For on this day WE ARE VICTORIOUS

> FUDding
> sjws
> socialism

(((WaPo)))

(((Goldfeder)))

There IS a finite supply but he's right about it not replacing fiat. Another crypto currency will though.

Yeah, as if a community of ancaps are gonna call for inflation. What a retard

he's right though, the one thing leftists and neocons have in common is their hate of crypto

Always do and believe the opposite of what the washington poop says

>german name

>wapo
Ah yes. The same guys who said Hillary clinton had 99% chance of winning

That's a Jewish name bro.
No German would have that name.

The Jewiest of Jew rags. Le Drumpho and bitzcoinz BTFO.

Spotted the kike

Those are not bitcoins retard.

Which it can, which is what made me actually take the plunge in to crypto. The community was very tight lipped about forks for the first several years, and it was because of basically being immutable that I wasn't interested, because things happen and you want to be able to adjust to a changing world. When I heard about the Ethereum/ETC fork, that was my trigger that this stuff can actually work in modern society and the community can undo major fuck ups.

I know most bitcoiners will hoot and holler about that the stuff should never change and be hugely deflationary forever, but there is a need to update to keep things working every now and then.

>>Wait for fork, sell the shitcoin from the fork for BTC
That is assuming these shitty forks will keep having value which they will not.

read

Gee I sure do pay a lot of taxes for free gibs that I don't use either

papa boomer had too many glasses of wine...

The blockchain prevents that? Sure you could edit the local value but you'd have to spoof a sync with the blockchain somehow