RE: Why Bitcoin will fail (and it's not because of what they say in the mainstream media)

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Why Bitcoin will fail (and it's not because of what they say in the mainstream media)

in bitcoin •  7 years ago 

It's interesting how they say there will only ever be 21 million bitcoin (if you believe that) then it gets forked over and over, effectively doubling the amount each time, although it's a 'different' coin. It's almost like quantitative easing aka printing fiat money. It also got centralized with the big mining warehouses of asics. I'm just trying to wrap my head around all this stuff, just some observations :)

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Yeah, these forks are good short term if you own coins, free coins... but I think it doesn't help long term and adds to the scepticism.