“swiped from their fortune”… If my 401(k) fell in half overnight, the media wouldn’t say it was swiped from me, they would say my retirement saving has “sagged” or somesuch.
For us old-timers, it reminds me of this scene in the Carl Sagan movie Contact where the ultra-rich SR Hadden played brilliantly hy John Hurt is talking to Jodie Foster’s character, Dr. Arroway.
They’ll get it back. Dips are only ever temporary and markets always go up, over time. This will be true forever, until the heat death of the universe.
Since the economic system gone fully electronic there is nothing which can stop adding another 0.
You cant add another 0 to bitcoin unless you figure out how to convince more than 51% of miners to do it, the majority of users, and not collapse the price at the same time.
Not if you(your group) control the 80% of BTC.
Did you ever heard of the Crypto Whales?
Wtf are you even trying to say.
To make a change to the protocol, you need 51% of the miners to agree and implement it when blocks are mined.
But 51% of the miners isn’t enough because the users themselves can also revolt and fork away, which would destroy the price.
To add a 0, you’d need a massive (*super) majority buy in from all sides.
How much bitcoin anyone owns, even if someone owned 100% of it, has absolutely no bearing.
Mate there are easier ways to add a 0 and Im not talking about literally adding a fucking 0.
Then enlighten me, what does
Since the economic system gone fully electronic there is nothing which can stop adding another 0.
What are they adding the 0 to? Why does it have to be with our system being electronic?
An electronic system it’s easier to manipulate and it’s infinite, so if you thought capitalism will fall like Marx said, you are pretty wrong nowadays, capitalism it’s virtually infinite.
…And yet they are all still billionaires.
Remember this in the future when you hear these people complain about higher taxes, they weathered this “loss” quite easily. So they can weather the “loss” of some of their wealth to actually support the country that allowed them to make billions in the first place.
And yet he still has so much money that if any one of us picked up a $20 bill every second for our entire lives, we still wouldn’t come close to having the amount of wealth he has.
It’s just obscene.
Paywall removed https://archive.is/s9SGG
Stocks are on sale, that’s all monied folks see.
Buy the dip!
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MBFC: Right-Center - Credibility: High - Factual Reporting: High - United States of America
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https://fortune.com/2024/08/05/billionaires-134-billion-wiped-from-fortunes/
