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SAL
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Comments by "SAL" (@SAL-fs1mr) on "Bitcoin Expert Predicts A $100 Trillion Market Cap - Anthony Pompliano" video.
@NarutoUzumaki-qu2ob yes, but now imagine if a faction wanted to use an altered consensus that doesn't follow what you just outlined. Then what happens? They can make a fork with new rules that disregards the committee threshold.
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Anything that claims to be fork proof means it is centralized.
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@NarutoUzumaki-qu2ob in that video he says it can't be soft forked, but he didn't say that there can't be a community driven hardfork with new concensus rules. So it definitely is forkable in a similar manner how Bitcoincash did it. I think saying it isn't forkable is definitely overselling.
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Bitcoin is the only crypto that can be global money. Altcoins are too centralized to achieve that goal.
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Ew. Hopefully not.
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Wouldn't matter.
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No because that isn't enforceable.
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@dbanks128 it isn't that simple because it is easy to make transactions without anyone knowing and having plenty of plausible deniability. Bans in general just don't work, I can tell you from my highschool days that it was easy to get a hold of a certain illegal smokable plant extremely easily.
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Indeed. Napster was centralized.
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Coinbase.
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Nah. Xrp is way more likely to die since it is totally centrally dependent on the ripple company. There is always a potential for another lawsuit again.
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@lukeivanov2327 you're missing the big picture. Bitcoin being the store of value is actually the biggest utility use of all. Altcoins can't measure up because they all have centralized counterparty risk, thus are all inferior stores of value. Plus, everything xrp can do is doable by other projects.
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Sounds like you chose a terrible exchange.
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Nah, just upgrade to a patched software.
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Nah.
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someone once said the same thing to me 5 years ago 🥱
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It's relatively trivial for those altcoins with supposedly smaller supply to increase their supply. Look how easily yearn finance token did it.
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how one's money and electricity is allocated is for each person to decide.
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@540Abd good thing bitcoin incentivizes development of cheap green renewable energy.
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@540Abd "Bitcoin is Key to an Abundant, Clean Energy Future" - I recommend you go read this short paper to develop a better understanding. I am sure you can handle reading the 5 pages.
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Real estate is a 100 trillion in total right now. You don't have to have an equivalent amount of fiat.
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@pmc9194 you're right. unfortunately people like to parrot misleading mainstream headlines.
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doesn't make sense. bitcoin is 100% asset, doesn't even have storage cost.
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Nah.
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if you care about the future and freedom, you would dump all central bank fiat currencies for bitcoin.
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Because the other cryptos can change their supplies easily. Bitcoin is the only one decentralized enough to not have to worry about that happening.
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bitcoin is a working alternative to central bank money that is asset based instead of debt based.
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Xrp is completely centralized, so none of the advantages matter.
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@chicochico1012 Doge is way better than xrp and cardano.
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Properties of money: portable, divisible, uniformity, and scarcity. Bitcoin maximized on all traits for being the best money.
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Bitcoin halving will happen in 2024. It happens every 4 years.
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They can't buy all the bitcoin because most Bitcoiners are not selling.
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no, because they don't let you withdraw the coins off their platform. you can't know if they even have any bitcoin. shady.
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It seems like you don't understand how bitcoin's difficulty adjustment algorithm works. If all the chinese miners were cut off, that wouldn't be a problem as the network will just recalibrate.
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@dodobarbar the difficulty adjustment in that situation would be -33%, then the next 2 week difficulty period would adjust upwards again back to normal.
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@dodobarbar I would be more worried about all internet services other than bitcoin in that situation because it is possible to continuously get bitcoin blockchain data without internet (blockstream satellite) and it is possible to transmit transaction data via sms, meshnetwork, or shortwave radio.
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Only if you are careless.
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@DNautSun go try. I dare you.
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@DNautSun its unfeasible to do at this point. Even a g7 country probably can't do it anymore.
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@DNautSun lol
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