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A comment on Bitcoin is largely controlled by a small group of investors and miners. Parent comment

Re:Bitcoin is largely controlled by a small group of investo... by tata71 on Wednesday October 27, 2021 @09:45AM (#29013200)
If every new person being born started using cryptocurrency and refused to use USD, since there is no new money, it collapses.
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Re:Bitcoin is largely controlled by a small group of investo... by gitfan86 on Wednesday October 27, 2021 @10:55AM (#29014106)
Exactly, currencies have no cashflow. They can go up and down relative to many other things, but essentially their only value is if other people are willing to trade for other things with them.
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Re:Bitcoin is largely controlled by a small group of investo... by tata71 on Wednesday October 27, 2021 @01:58PM (#29016704)
...the next generation trusted DOGE to the tune of 900%+ growth this year.

It feels foolish to be long USD at the moment.

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Re:Bitcoin is largely controlled by a small group of investo... by gitfan86 on Wednesday October 27, 2021 @03:09PM (#29017680)
Why on earth would anyone be "long USD". The fed has had a policy of 1%+ inflation for decades. It is designed to go down in value over time.
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Re:Bitcoin is largely controlled by a small group of investo... by tata71 on Wednesday October 27, 2021 @03:11PM (#29017707)
This year it saw... 3? 6? Who knows. Also, not what I was referring to!
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