Finance News
By Steven Anderson
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Common Sense Approach to Bitcoin (BTC)
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Documenting Bitcoin, tweeted: “75% of all US dollars in existence were printed after Bitcoin was created.”
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On reading this statement most of the users are taken aback and they are wondering if this is True or False?
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Someone who tried to wow the statement further tried to provide a statement that looked like a testimony by stating - I remember when it was huge news that George W Bush had…
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Some of them point to how 100% of Bitcoin is valuable only after converting it back to dollars.
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Perhaps all the bearish thoughts about dollar issuance start just like this. And, many are optimistic that in just 2 years from now you will be able to retweet with the…
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Despite all these statements doing the rounds, people still hoard USD like it's gold in uncertain times.
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Common sense thinking will help relook in to the fact that there is a digital currency and then there is digitalization of currency.
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Hypercritically a statement - 100% of all bitcoin has been created in the last 12 years - 1.859 quadrillion Satoshi or 89% of all Bitcoin that will ever exist.
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And, at a point in time may be the governments will print Bitcoin if it is the best form of currency or store of value in existence.
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A common sense ideal reads: We are not on a fixed currency because it does not allow you to expand or reduce the monetary supply.
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