Post
Topic
Board Bitcoin Discussion
Re: ETF, possible to create more than 21 million btc?
by
soy1003
on 20/02/2021, 20:08:46 UTC
The reason I got into Bitcoin was the argument that because there will never be more than 21 million btc, Bitcoin can't suffer the printing press fate of fiat currencies.  On social security, I could see that devaluation of the dollar meant my social security dollars were losing value.  I had some 501k dollars from my last job.  I saw that with my skills in electronics I could make mining work.  My sister talked me out of it and I waited 9 months to a year before getting in.  I ran to Walmart for a money order and bought btc.  I started mining.  I got tempted to sell and buy hoping to make money trading and lost quickly like they were reading my mind.  I vowed not to do that again and didn't.  Then my gear became outdated but I kept mining and made the mistake of cashing in btc to pay the electric and was losing money as the value was low.  This was well after a bitcoin theft from an exchange was followed by Marc Kapales advertising that his exchange was safe.  I had my btc in three wallets and move them to MtGox.  I had a Merc and upgraded to a Saturn.   KnCMiner saved my ass from getting completely wiped out with MtGox.  I wanted their next miner and if I remember sent them $10k in btc but demand was so high they couldn't get it to me in a reasonable time and refunded my btc which I put in a local wallet rather than MtGox.  I earlier got ripped off as an early investor on a Jalepeno.  They kept putting off getting it to me and then sent me a miner that by that time ran at a loss.  Anyway that's my story.

What concerns me is Bitcoin has enemies.  Forbes really sh*ts on Bitcoin.  I've assigned the Forbes news website an ip of 127.0.0.1.

Seems to me if banks can destroy Bitcoin they will.

soy1003