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A comment on Jack Dorsey has been buying $10k worth of Bitcoin a week. Parent comment

Re:Jack Dorsey has been buying $10k worth of Bitcoin a week by LyndsySimon on Thursday March 07, 2019 @07:07PM (#19333947)
> They just split it and created twice as much Bitcoin and Bitcoin cash.

Not really - Bitcoin Cash is an entirely different "currency", that shares the history of Bitcoin up to the point where it forked.

> You think he is planning on having to leave the country?

I seriously doubt it. $10k / week for Jack Dorsey is a reasonable amount to use as a hedge against Bitcoin going exponential again. If it does, he's even richer. If it doesn't? Meh, so what. It's "only" $520k / year, and it's unlikely to lose all of its value anyhow.

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Re:Jack Dorsey has been buying $10k worth of Bitcoin a week by strangattractor on Thursday March 21, 2019 @06:43PM (#19458091)
So you are saying that if I owned a bitcoin before the split worth X and owned a bitcoin and bitcoin cash worth X + Y after the split that is not identical printing money.

If the US made dollarsPlus and gave you one for every dollar you currently have and said you can spend them just like dollars. That is a different currency and would not be inflationary I suppose.

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