Sunday 14 July 2019

Some say Bitcoins are created out of thin air, the irony of being wrong twice!


First I do not agree Bitcoins are created out of thin air. They are created by of software algorithm and creating them will get harder over time untill all 21 million are created.But the funniest part of such a statement is that for all this time they forced us to use fiat and they have done their utmost best to convince us it has value. And now we have Bitcoin and suddenly they are warning us about this one property that is the undeniable basic of fiat and, rather easy to see for everyone, does not apply to Bitcoin. Please explain to me what this warning means for fiat?I would say it's almost the opposite to fiat. Everyone is free to start mining Bitcoin, compare that to printing fiat, but by doing so will find out it's not as simple as that and definitely not as cheap as a printing press to start spitting out fiat in unlimited amounts relatively for free.Oh the irony, I'm wondering how they think to get away with this bullshit.Bitcoin is clearly the free choice of people who use it, who want to own it. It's just funny to see them warn for a misunderstood property that happens to be the core of the currency they have been forcing upon us.Even if one believes Bitcoin has no intrinsic value/is created out of thin air how can that be a serious argument if that same person is happy with fiat, what he's actually having in his wallet, on his bank account, saves for his retirement, and gets paid in exchange for his labor?Please wake up, how long are you going to create weapons to sell, but are being used to threaten you and your family?Bitcoin is your free choice, it can't be created out of thin air by some vague party that has a monopoly on it and has everything but your interest on their mind. Bitcoin has no inflationary policy behind it which just steals your wealth over time (it's rather the opposite that applies to it). No government or bank can confiscate it or forbid you to use or own it (else than by putting a gun against your head, and this is something else than that they won't try! but be honest when would you realize your not free at all and start fighting for your freedom?).Real money should be of free choice. It shouldn't be possible to be used for political purposes. It shouldn't be possible for one party to control it's supply and thus it's value.Don't be fooled by FUD.Does Bitcoin ring a bell yet? via /r/Bitcoin http://bit.ly/32owzgs

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