The power of the almighty US dollar is a bit of a mystery

Discussion in 'Economics' started by themickey, Sep 12, 2022.

  1. SunTrader

    SunTrader

    Bitcoin mining down to the last fractional amount is, if I understand correctly, similar to an atom moving towards an immovable object at half the distance increments each time. It might not ever reach it.
     
    #21     Sep 13, 2022
  2. piezoe

    piezoe

    I think Pekelo's point was that you could double the supply of crypto via forks forever. I leave this to the crypto enthusiasts to ponder. Currently we read about how difficult and expensive it has become to mine more coins. Ergo, the conventional conclusion would be that increasing demand would push up the value per unit. Wouldn't it???
     
    #22     Sep 13, 2022
  3. SunTrader

    SunTrader

    Increasing demand?
     
    #23     Sep 13, 2022
  4. piezoe

    piezoe

    yup! but that's probably where the similarities end.
     
    Last edited: Sep 13, 2022
    #24     Sep 13, 2022
  5. NoahA

    NoahA

    You guys need to do some research. Bitcoin already forked, and what is that fork worth now?
     
    #25     Sep 13, 2022
  6. piezoe

    piezoe

    It did? Goes to show how out of it I am when I comes to crypto. I need to reboot, and then stay in my lane.
     
    #26     Sep 13, 2022
    NoahA likes this.
  7. themickey

    themickey

    That's another well known myth. What Germans are best at is marketing their BS skills. Who in their right mind would buy a VW? :)
     
    #27     Sep 13, 2022
    piezoe likes this.
  8. Overnight

    Overnight

    There are PLENTY of reasons to buy a VW! Here's some...

     
    #28     Sep 13, 2022
  9. nitrene

    nitrene

    I don't know if that's true but the most influential musicians in dance music history were all electrical engineers turned techno pioneers -- Kraftwerk (Ralf Hutter & Florian Schneider). They basically created all the modern instruments for electronic music. Roland even ripped off their drum machine creation. Kraftwerk had the original design long before the TR 808 ever came out.

    They even had a music video with a VW in it -- Autobahn (1974).
     
    #29     Sep 13, 2022
    piezoe likes this.
  10. DT-waw

    DT-waw

    Facepalm. what insanely dumb response. I rate your financial knowledge at below zero.
     
    #30     Sep 14, 2022