Re:Bitcoin Sinks to $41,000 Amid ‘Extreme Fear’
by tromp on Friday January 07, 2022 @03:05PM
(#29844011)
Dogecoin still suffers some wealth concentration by having a 20x larger emission in the first year. Only one coin has tried a purely linear emission (one coin per second forever).
Re:Bitcoin Sinks to $41,000 Amid ‘Extreme Fear’
by dcolkitt on Friday January 07, 2022 @01:28PM
(#29842782)
> "You had plenty of time to be an early adopter, enjoy being poor"
This is literally how every asset works. Early investors earn huge appreciation. Those speculative profits drive innovation. It's why we have a $500 billion venture capital industry that exists for the sole purpose of getting resources into the hands of innovators so they can grow new products and businesses.
Re:Bitcoin Sinks to $41,000 Amid ‘Extreme Fear’
by UncleMeat on Friday January 07, 2022 @04:04PM
(#29844788)
It doesn't appear to be how dollars work.
Re:Bitcoin Sinks to $41,000 Amid ‘Extreme Fear’
by vmception on Friday January 07, 2022 @11:14AM
(#29840861)
People say that now because everyone already had a decade
to find their own confidence, or at least not miss all of the alpha from either their own capital at risk or building a product to extract value
Still doing research™
"You had plenty of time to be an early adopter, enjoy being poor" isn't exactly the sort of governance of monetary policy that fills me with confidence.