You are viewing a single comment's thread.

view the rest of the comments →

[–] yt4cz9 ago 

You'd have to get billions of people to decide to increase the supply. Bitcoin is just a shared spreadsheet.

They are going to try to move people to central bank backed digital currencies where they can keep creating as much as they like. That is coming in 2021.

I know you want a good conspiracy but cryptocurrencies are just tech with competing qualities. I'd suggest you start stacking sats now but I know your mind is fixed so...meh. What do i care, just come back in a year and see where you would have been if you put 10% of your portfolio in bitcoin.

[–] JooB8 ago 

I actually have been invested in Bitcoin since late 2013. I'm still invested in crypto because I know it's essentially a pyramid scheme with lots of room for price appreciation before the Winklevoss twins and others come out with their massive ETFs to sell the overvalued asset to the older wealthier population. My portfolio is probably 75% crypto, but I'm young so I'm no millionaire.

All you would need to do to control the future of Bitcoin would be to control the miners (via mining pools). The majority of miners will do what is most profitable. People are sheep who will believe whatever the MSM tells them what's best for them. And if increasing the maximum supply will reduce their fees, why would they think it would be anything but beneficial to them?

[–] yt4cz9 ago  (edited ago)

Nope. You've been in that long and haven't learned much. If the miners split with the community, you'd see a new fork. That fork would not be bitcoin.

Also, bitcoin is in no way shape or form a pyramid scheme. That's USD. Do you know how and who creates USD?

Another thing, what in the hell does increasing the supply have to do with decreasing fees????!?! You are conflating the block size with the supply.

[–] 111MrGuy111 ago 

If I'm not mistaken, the energy used to mine crypto is the same energy used for transactions. If the limit were suddenly hit, why would a miner continue? Without which transfers stop and the coin is frozen.