BITCOIN

Adyinvestment

Zola. said:

https://markets.businessinsider.com/news/currencies/bitcoin-rio-de-janeiro-mayor-invest-city-reserves-miami-cryptocurrency-2022-1

I saw that and think it is great that Brazil are embracing crypto.

Emerging market countries seem to be all over Bitcoin and I can see why, where as a country like Tonga (looking like it will make Bitcoin a legal tender this year) will not ruffle many feathers, a country like Brazil with the 8th largest gdp in the world will surely make other countries take note.

RogerIrvine

Who are the fallen dominoes?

Care to explain that post about game theory supporting the takeover of Bitcoin, Zola? 
I'm very doubtful about that and articles like this don't help, I suppose:

https://www.theguardian.com/technology/2022/jan/15/trading-is-gambling-no-doubt-about-it-how-cryptocurrency-dealing-fuels-addiction

Zola.

RogerIrvine said:

Who are the fallen dominoes?

Care to explain that post about game theory supporting the takeover of Bitcoin, Zola? 
I'm very doubtful about that and articles like this don't help, I suppose:

https://www.theguardian.com/technology/2022/jan/15/trading-is-gambling-no-doubt-about-it-how-cryptocurrency-dealing-fuels-addiction

I don't disagree with that article really, exchanges are horrible casinos selling useless tokens for the most part.

The only crypto asset that will stand the test of time is Bitcoin. That is because it is the only actual decentralised crypto asset. The others are whats known as DINO (Decentralised In Name Only) - and are doomed to failure). It is simply too late for anyone else now, the temptation to be corrupt is too great for the creators, and it can never be done again in the way Bitcoin has come to pass. 

It's the only one that incentivises participation, regardless of who you are or status, It's the only one thats made wall street, or legal tender in a nation state (El Salvador). Cities are adding it to their reserves as you can see above. 

I could go on but there are endless books and blogs on the matter and its all been said before in this thread..

RogerIrvine

Do you know the total value of bitcoins in circulation?

Zola.

Here are some live stats..
https://bitcoin.clarkmoody.com/dashboard/

You can also run a node, such as bitcoin core, independently verify items for yourself, like transactions, etc

Sally57

In my humble opinion Ethereum is the one to watch!

Zola.

Ethereum is a centralised mess.... amongst the many issues (such as unscalable gas fees), there is no information available on the total supply, the software so is badly designed its about to fall over and they are trying to rebuild it all over again, unworkable... its has a huge pre-mine going to the owners...its a pump and dump for venture capitalists and is doomed to failure. 

Tell me why you like it?

RogerIrvine

Right, so from that link there are just shy of 19 million Bitcoins in total. And the supply never alters. So the total value of Bitcoin is less than 1 trillion. How are you going to take over the world with that?  It is about a third of the value of Apple Corp. 

Zola.

Who said take over the world?
The next realistic target is to match gold's market cap of $11TN. That could take anywhere from 5-20+ years, who knows...

No other asset has gone from zero to 1T in 12 years...

RogerIrvine

Tesla shares, off the top of my head. 
Apple shares have gone up $2.5t over the same period. 
These companies make tangible things, useful to society and are accountable.