JP Morgan Questions Bitcoin 21m limit
- Thread starter Yugocean
- Start date
JP Morgan and other financial institutions are find it difficult to accept the fact that bitcoin have come to stay. Let them call it what ever they like, cryptocurrency is the currency of the future.
I could not bitcoin hyped up fraud. The innovation of cryptos actually surprised the financial godfathers. They don't want another rival strong digital currency that could outsmart their fiat currency.
Well, if we can assure it or not, it is easy, that they enter the source code and that they see how it is established at 21 million, but well, that is difficult for them, it is better to talk, also if we want to know, let's wait until 2140, or better that they wait sitting down.
Personally I think the 21 million limit is a key aspect of Bitcoin's appeal. The limited supply adds to its value and stability. As for being a 'hyped-up fraud' I think only time will tell.
The day after this news I describe it as a waste of time and an inflated fraud, so what could we say about the dollar? a fraud that is worth less and less? which is the real fraud?
Don't try to understand it, these people (jp morgan) only know what they know, anyone who knows a bit about programming and looks at the Bitcoin code knows that it is set to 21 million, but this is too hard for them to understand.
I am bullish on bitcoin and I know very well the Bitcoin is going to surge in the future and it is very certain.
I'm very optimistic on bitcoin and I know that it is going to develop very quickly.
That is a very long year and it has been stipulated to stop at that time and I think it is already programmed.
If you do the calculations, the last bitcoin would just be issued in that year, that is why, but anyway if there is something clear is that what will not stop being issued is the fiat currency.
It was designed that if bitcoin reaches 21 million in circulation, it will stop mining and that is the protocol.
If bitcoin hit 21 million in circulation, it's price is going to increase greatly.
Cryotocurrency has gained a lot of traction and there's no doubt that it is going to improve greatly.
