Crypto 360°

Sunday, 14 June 2020

Winner? 🤔

USD:

What backs the US dollar? Nothing, only the faith that it has value
How many dollars in circulation? Nobody knows
Can more dollars be printed? Yes, the FED can print unlimited dollars when needed
Who controls the dollars? The FED
Does the dollar lose buying power? Yes, USD inflates 1.38% every year. It inflates more when the FED prints more dollars. #BRRRRRR

BTC:

What backs BTC? Code and Math
How many BTC in circulation? As of now, 18,403,762 but there will only be 21 million created
Can more BTC be created? After 21 million have been mined, no more BTC can be created
Who controls BTC? No entity owns BTC
Does BTC lose buying power? No, BTC is a deflationary asset, so it will deflate causing it to be worth more in value

In conclusion, who do you think wins? Let me know in the comments and also write down any more questions that should have been added to the post. Thanks!

https://preview.redd.it/ymj852h1uq451.png?width=400&format=png&auto=webp&s=dc5f749d9e0872a1c56c5b8f1aa1cdb6fe3400b5

submitted by /u/Mari0805
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Saturday, 13 June 2020

Legal letter Craig Wright lawyers are sending around claim addresses containing stolen coin from MtGox

submitted by /u/mustbemoney
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Bitcoin Adoption Spotlight: India

In light of last night's FUD about a "Bitcoin ban" in India, I decided to break down some recent positive developments in India regarding Bitcoin adoption.

In March, India's supreme court lifted an anti-Bitcoin ban imposed by its central bank
Since then, several new fiat onramps have been funded or launched in India
Binance and OKEx are starting to focus on a fiat onramp for India as well to compete with local exchanges
Over 5 million people in India own Bitcoin or other cryptos

I wrote more details here on why this matters, and why last night's news is simply just FUD. Hope you guys find it informative!

submitted by /u/heist95
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