Sunday, 14 June 2020

Protest the Fed with Bitcoin Cash

Protest the Fed with Bitcoin Cash submitted by /u/World_Money
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source https://www.reddit.com/r/btc/comments/h8mjjz/protest_the_fed_with_bitcoin_cash/

SEC says “Of course! Go Ahead!” to Bankrupt Hertz Car Rental, but a BTC ETF is too risky and not a liquid market?

submitted by /u/cookmanager
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JPMorgan: Bitcoin's Market Structure More Resilient Than Currencies, Equities, Treasuries and Gold | News Bitcoin News

JPMorgan: Bitcoin's Market Structure More Resilient Than Currencies, Equities, Treasuries and Gold | News Bitcoin News submitted by /u/Crypto-Angel
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We’ll never know Bitcoin’s full potential until government’s recognize it as a fully legal currency with 0 capital gains taxes levied when it is used as a medium of exchange.

We have to apply pressure at every level of government to make this happen.

Once this happens, then we can finally fairly judge Bitcoin on its merits, rather than this quasi-legal limbo it’s stuck in now.

submitted by /u/the420chronicler
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Ayn Rand: Francisco d'Anconia’s Speech on Money

Ayn Rand: Francisco d'Anconia’s Speech on Money submitted by /u/JonyRotten
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source https://www.reddit.com/r/btc/comments/h8ijpv/ayn_rand_francisco_danconias_speech_on_money/

Excellent.

submitted by /u/Money-Carry
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source https://www.reddit.com/r/btc/comments/h8iy5i/excellent/

Winner? 🤔

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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