Putin brings back gold standard. Was that his plan all along? America is doomed!!

[Geeko Sportivo]

Because of the sanctions, Puty is now able to say " you forced me to bring back the gold standard". Puty is playing 4D chess while pedodent brandon plays tic tac toe.

Bringing back the Gold Standard is playing 4D chess?

What we have now is Biden carrying out world leadership while Putin is playing HUNGRY HIPPOS!

WHAT FUCKING IDIOTS AND MORONS YOU AND PUTIN ARE!

 

[Into the Night]

your continued comparison to fiat shows you don't understand

like gold - it takes labor to expand the supply - so that alone makes it stand apart from men in smoky rooms expanding the supply of money by decree.

In the case of Bitcoin, once all the coins have been mined, it is not possible to mine any more of them. Mining is done.

 

[Into the Night]

Gold centered titanium shelled coins!

Now THERE's a hard currency!

 

[Into the Night]

You don't even know what fiat means. Fiat can be issued by a govt or a bank or an individual. If it's not backed by anything of value it's fiat.

And BTW - bitcoin may be controlled by a govt. No one knows.

Bitcoin is a proper noun. It is capitalized. Bitcoin is not controlled by any government, group, or individual. It is strictly controlled by the blockchain algorithm itself.

 

[Text Drivers are Killers]

In the case of Bitcoin, once all the coins have been mined, it is not possible to mine any more of them. Mining is done.

HAHAHA. And you believe that??? No one else does, you moron.

 

[Into the Night]

Bringing back the Gold Standard is playing 4D chess?

What we have now is Biden carrying out world leadership while Putin is playing HUNGRY HIPPOS!

WHAT FUCKING IDIOTS AND MORONS YOU AND PUTIN ARE!

Biden isn't leading anything.

 

[Into the Night]

HAHAHA. And you believe that??? No one else does, you moron.

You don't get to speak for everybody. You only get to speak for you. Omniscience fallacy.
Yes. I know that (no belief necessary). I know the algorithm used in the Bitcoin blockchain. You just deny mathematics.

 

[Concart]

The OP is galactically stupid. The gold standard is a disaster in every way shape and form. Good luck.

 

[zymurgy]

In the case of Bitcoin, once all the coins have been mined, it is not possible to mine any more of them. Mining is done.

moot - I am speaking of expanding the supply - which means mining - which requires things like labor and energy

but thanks for flapping your gums

 

[Into the Night]

The OP is galactically stupid. The gold standard is a disaster in every way shape and form. Good luck.

Why?

 

[Into the Night]

moot - I am speaking of expanding the supply - which means mining - which requires things like labor and energy

but thanks for flapping your gums

Once all the coins have been mined, you can't mine anymore. Mining is done. The supply of Bitcoin will no longer expand.

 

[zymurgy]

Once all the coins have been mined, you can't mine anymore. Mining is done. The supply of Bitcoin will no longer expand.

so unless you are trying to claim this event turns it into fiat currency - you are just flapping your gums. it has nothing to do with the subject I was discussing about how mining crypto requires more then decree

 

[zymurgy]

in the case of gold, once all the gold has been mined, it is not possible to mine any more gold

anyone else get tired of the resident retard pretending to be brilliant?

 

[Into the Night]

so unless you are trying to claim this event turns it into fiat currency - you are just flapping your gums.

I'm not making any such claim. Bitcoin is not fiat currency. It is based on a blockchain.

it has nothing to do with the subject I was discussing about how mining crypto requires more then decree

But it does. The day will come when there is no more mining of Bitcoin. All the Bitcoin will have been found. Yet, it can still be used as a currency. At that point, there is no mining at all.
It is not the mining of Bitcoin that gives it value. It is the fact that you can buy and sell with it.

The same is true with gold. The same is true with fiat currency. It really doesn't matter what you use for currency, as long as it's accepted as a medium of exchange.

 

[Into the Night]

in the case of gold, once all the gold has been mined, it is not possible to mine any more gold

anyone else get tired of the resident retard pretending to be brilliant?

Since gold is used in industry, there will always be mining for gold.

 

[Geeko Sportivo]

Biden isn't leading anything.

You wouldn't know what leadership is.

All you know what to think is what Donald Trump and his minions tells you what to think!

 

[zymurgy]

Since gold is used in industry, there will always be mining for gold.

once all the gold has been mined, it is not possible to mine any more gold

 

[Text Drivers are Killers]

You don't get to speak for everybody. You only get to speak for you. Omniscience fallacy.
Yes. I know that (no belief necessary). I know the algorithm used in the Bitcoin blockchain. You just deny mathematics.

HAHAHA. Who cares about the algorithm, you idiot?. It's arbitrary and can be changed at anytime.

Bitcoin is backed by nothing and that makes it fiat. case closed. THINK

 

[Text Drivers are Killers]

The OP is galactically stupid. .

Are you disrespecting me?

 

[Text Drivers are Killers]

Once all the coins have been mined, you can't mine anymore. Mining is done. The supply of Bitcoin will no longer expand.

HAHAHAHA. The moron said it again. "The creators of bitcoin promised they'll stop at 21 million and there is nothing anyone can do about that."

HAHAHAHAHA