The net worth of all 10 of the richest people in the world sunk by at least $1 billion.
    • 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.

                • NotMyOldRedditName@lemmy.world
                  1·
                  4 months ago

                  Well, your claim is because it’s electronic nothing is stopping adding a 0.

                  If you owned 100% of something, you can demand any price you want, but it doesn’t mean people will be willing to buy it at the price, and if has exactly nothing to do with being electronic.

                  Whales can throw their weight around to try and manipulate the price, but they ain’t making it 560,000 USD or 5,600 USD at a whim. If they could they would.