Post
Topic
Board Bitcoin Discussion
Re: A cryptostar in a galaxy far far away
by
johnyj
on 22/02/2020, 09:44:04 UTC

Why would people on earth to buy lands in a star far far away?
1. it is delivered right away and you have full control and ownership once you have the key
2. the star is far away from earth thus secure from earth violence
3. the limited supply ensures its exchange rate will rise against forever-increaseing fiat money supply

I get it what you are trying to say, but did you even think a bit before writing/posting this over here? Weird comparison but yeah.. Ok.

1. True, you get your coins right away and have full ownership as long as only your control the key, but once you lose the key, there is no way you are going to get back your precious "lands" (read coins).
 -- A responsibility you have to take for having true ownership. You can also put this responsibility to other organization, which is similar to government, and you lose the true ownership

2. If I am not wrong, you are talking about crypto currencies right? Like you are comparing bitcoin with a star? Your second point kinda makes no sense at all.
-- It is about the blockchain technology see below

3.I don't see any correlation between fiat money supply and the exchange rate of the coins. Again, increasing fiat money supply would end up being a disaster. Good luck keep up with the inflation with the increase of sudden money supply.
-- fiat money supply generally increase the total fiat income of the whole planet, and that will raise the exchange rate of cryptocurrency since the buyers are getting more fiat money each year

Actually this thought just came over me when I  saw this a few days back:


https://www.reddit.com/r/Bitcoin/comments/f6a08u/wise_quote_by_wei_dai_bitcoin/