Do you have anything other than gibberish to contribute to the thread?
Bitcoins are indivisible and unique 256 bit sequences.
Nonsense. It can be done. Hell, off the top of my head, if a company owns one bitcoin, they could, in essence, just sell shares in that bitcoin. And of course, someone with enough knowhow could do it. As things stand, bitcoins are already sold in denominations of less than 1.
You are talking about dividing up a bitcoin that has been mined and therefore already "owned". Sure you can do that. There is a finite number of bitcoins that are unmined. My thread question remains what happens when there are no more bitcoins left to mine?
The owners of the existing ones will begin dividing them for resale (if they choose to). But otherwise, I guess...I guess all those mining operations will close. Prepare for cheap second hand supercomputers.
Just kidding here's another 10 million bitcoins.
They'll just do electronic quantitative easing (EQE, just made it up!!). So they will just electronically mint some more.
Reminds me of that old Seinfeld episode when George was trying to get some construction workers to dig up his keys.
The guy that accidentally threw out his hard drive with bit coins. He's taking the council to court now -
Holy cow, I had no idea there were that many! No thanks I don't get it. Oh BTW bitcoin just blew through $100K today!
the founder of Bitcoin has 1,000,000 in his Bitcoin wallet and still hasn’t sold oneHoly cow, I had no idea there were that many! No thanks I don't get it. Oh BTW bitcoin just blew through $100K today!
So is paper money. But It’s backed by the full credit of the US government. Bitcoin is simply an alternative currency in one regard. But it also offers transactional advantages reportedly
Well for 15 years people have been saying bitcoin is a dumb investment. And throughout all of that time the coin has risen in value exponentially. It’s kind of like those who say the stock market is a Ponzi scheme or something. When we know that people have had incredible success, investing in cryptocurrency yet we constantly hear the same thing over and over, year after year after year “Bitcoin is going to fall apart”. Will it happen 10 years from now? How about 100 years from now how about 500 years from now?
They represent 3% of the entire worldwide market. It ain’t going nowhere. And if people think that it’s going to collapse, that’s going to affect the entire world economy.
