The net worth of all 10 of the richest people in the world sunk by at least $1 billion.
    • NotMyOldRedditName@lemmy.world
      12·
      4 months ago

      Wtf are you even trying to say.

      To make a change to the protocol, you need 51% of the miners to agree and implement it when blocks are mined.

      But 51% of the miners isn’t enough because the users themselves can also revolt and fork away, which would destroy the price.

      To add a 0, you’d need a massive (*super) majority buy in from all sides.

      How much bitcoin anyone owns, even if someone owned 100% of it, has absolutely no bearing.

        • NotMyOldRedditName@lemmy.world
          1·
          4 months ago

          Then enlighten me, what does

          Since the economic system gone fully electronic there is nothing which can stop adding another 0.

          What are they adding the 0 to? Why does it have to be with our system being electronic?

            • NotMyOldRedditName@lemmy.world
              1·
              4 months ago

              And how exactly does that allow you to electronically manipulate bitcoin to a virtually infinite amount?

              I’d love to know how you plan on creating more than 21 million bitcoin or altering your bitcoin balance.

                • NotMyOldRedditName@lemmy.world
                  11·
                  4 months ago

                  An electronic system it’s easier to manipulate and it’s infinite

                  But Bitcoin isn’t infinite.

                  How exactly are you going to control the market to the point that you can infinitly manipulate it because it’s electronic?

                  Our fiat system is, it can be inflated as much as they want. Someone just presses a button on a machine and bam, there’s another billion dollars in circulation.

                  Edit: I saw your edit late. Do pray tell how you can make Bitcoin easily be $560,000 USD because it’s electronic.