RE: RE: The Winklevoss brothers are arguing 1 bitcoin could one day be worth $500K. Are they right and why?
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RE: The Winklevoss brothers are arguing 1 bitcoin could one day be worth $500K. Are they right and why?

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6y

I said stock market, not stocks.

And the way the stock market is gone is that there are 5 shares being traded for every 1 share outstanding. When this is realized, then basically there is the biggest collapse of faith.
The stock market that we know will be closed. It will take years before allocation of actual stock is figured out.

Fortunately Reggie at Veritaseum has already been working on tokenizing stocks and can be used to create a new stock market.


Both the good guys and the bad guys want digital money.
The good guys would like a crytpo based currency that is fair and honest.
The bad guys want a digital money that they can track, manipulate and distribute easily.

So, we have two groups pushing people towards digital.
We also have the very real death of the of the dollar looming.
We have inflationary and deflationary forces in play.

I would love it if the dollar can limp on for decades while people leisurely decide to get into cryptos, but the dollar doesn't have that long to live. Even if the Fed does everything right.

@builderofcastles: I said stock | Ecency