Re:The Bitcoin Whales: 1,000 People Who Own 40 Percent of th...
by ric2b on Wednesday December 13, 2017 @01:18PM
(#15916162)
> I can find out how much it's creating
No, you can trust them to tell you how much they're creating. Important distinction.
> I can even vote for people whose dollar creation opinions line up with mine.
The people who run the FED aren't elected, so no, you can't.
> In BTC I don't know who's creating it, what they believe about it and I have no way to affect their creation of it.
It doesn't matter, the issuance is controlled by the protocol and you can know how much Bitcoin will be created on 2105/06/25 by making a few simple calculations.
So if you don't agree with it you can bail out right now and never participate in it, no one forces you to.
No, you can trust them to tell you how much they're creating. Important distinction.
> I can even vote for people whose dollar creation opinions line up with mine.
The people who run the FED aren't elected, so no, you can't.
> In BTC I don't know who's creating it, what they believe about it and I have no way to affect their creation of it.
It doesn't matter, the issuance is controlled by the protocol and you can know how much Bitcoin will be created on 2105/06/25 by making a few simple calculations.
So if you don't agree with it you can bail out right now and never participate in it, no one forces you to.