News
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
view the rest of the comments
But Bitcoin isn't infinite.
How exactly are you going to control the market to the point that you can infinitly manipulate it because it's electronic?
Our fiat system is, it can be inflated as much as they want. Someone just presses a button on a machine and bam, there's another billion dollars in circulation.
Edit: I saw your edit late. Do pray tell how you can make Bitcoin easily be $560,000 USD because it's electronic.
Bitcoin isn't infinite but Bitcoin value is, if you control the market of Bitcoin(you have a lot of it) you can control the offer and demand of it selling or buying big amounts, that way you can add or quit 0 WO having to modify the amount of bitcoins on the market. As it is an infinite divisible currency you can always buy or sell fractions or units of it, so it doesn't matter how much Bitcoins are out there the important thing it's the value.
Well, your claim is because it's electronic nothing is stopping adding a 0.
If you owned 100% of something, you can demand any price you want, but it doesn't mean people will be willing to buy it at the price, and if has exactly nothing to do with being electronic.
Whales can throw their weight around to try and manipulate the price, but they ain't making it 560,000 USD or 5,600 USD at a whim. If they could they would.