realr0ach
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June 01, 2019, 04:25:37 AM

They are doing a fairly crap job of hyperinflating at the moment

https://i.ibb.co/3rKG2ZY/D76-F40-D7-DA47-4874-839-E-3-B56-BC344177.jpg

Do you really think bitcoin would be worth $8500 today if fiat had a future? It would be worth more like .85.

It's not worth "$8500 a piece" since price is set at the margin.  Example:  There was once a time when NXT was worth hundreds of millions in market cap but the only exchange it was really traded on was Poloniex and the buy side was an entire whopping 20 BTC.  Dump 20 BTC and it's worth $0 (I almost did it just to fuck with Come from Beyond).  

It's all a confidence game being propped up by people like Chinese scammers who control the mining monopoly and benefit from said price distortion and manipulation.  The real value of any digital shitcoin is zero because it's a fake commodity that nobody actually needs.  How many Bitcoins do you need to build a house with?  None.  How many Bitcoins do you need to create dinner?  None.  How many Bitcoins to do ANYTHING in the physical world at all?  None.  It's a Keynesian confidence game.