So 21 million Bitcoin is the limit that's going to be mined.
I've read that it will never technically hit that, just exponentially smaller amounts will be mined.
In either event, what will happen to verification, since mining is what verifies the ledger?
Is the return on mining going to be exponential with the work required to complete a block, what does incentive look like to keep verifying if the returns end? Or is there something else I'm missing?
Morning everyone
So I was surfing GLP and I came across this thread from back in April 2020 so it's recent.
Guy claimed to be an "insider" of sorts left some potentially valuable information before the trolls and low iqs with attention span of a fly flooded his thread with bs flags and name calling.
He was addressing the purpose behind bullshit19 and said there are 3 outcomes for it I quote:
"OUTCOME 1:
The first is most likely, as most of the council seems to agree to it, and that is a phase-out of the pandemic by Summer. The stock market will reach 35,000 by election day in the U.S. and Bitcoin will reach $50,000.
No new currency is introduced and the US Dollar retains supremacy.
It will be an economic restoration unlike any seen in human history.
New vaccines are introduced, which will be yearly and target COVID-19 (which is fictional, of course). They will be mandatory.
We have been working on this particular vaccine, to be used for Outcome 1, for a very long time. Outcome 1's primary purpose is to introduce the vaccine in a way that it is accepted and welcomed by the world, and to allow us to grow richer.
I will not disclose the long-term purpose of the vaccine, at this time, or its effects.
OUTCOME 2:
We allow the pandemic to persist into late 2020, and a monetary reset occurs.
We have not decided if Trump will be reelected or not, in this scenario. Hillary Clinton may be placed in power, one of our most dedicated servants, who is due a great reward. (She is greatly in favor of this outcome, but has no voting power on our council.)
We will redistribute 22.7% of our wealth to 4.6 Billion people, through the issuance of a new worldwide currency. Each name and individual has already been chosen, though children under 18 will not receive these accounts.
We will also cancel all consumer debt worldwide, ban cryptocurrencies, and the ownership of gold, silver and other materials of value.
Not only will living standards rise, Americans in particular will enjoy new-found wealth.
As we control all market mechanisms, inflation and other issues will not be a concern. "A rising tide lifts all boats."
But there will be a cost to personal freedom and liberty, and that is an implantable microchip that must be accepted, if one is to receive the benefits of the new currency.
Those who do not consent to the microchip, will have to operate in a black market, in which we will employ authorities to aggressively monitor, target and imprison many who do not consent.
This will lead to a divided world, of haves and have-nots. Poverty and the 3rd world is eliminated, but the black market grows. Those who accept the chip will have no favor of those who do not, and we will see programs which encourage reporting, "snitching" and so on. You are already seeing this tested right now.
This outcome is favored by a few individuals on our council who have extra voting power. These individuals outrank me.
OUTCOME 3:
The pandemic ceases in late Summer, but at great economic cost. There is no recovery, and the world lurches through a severe depression. The Dow drops to 5,000, and Bitcoin reaches $180 USD and is rendered a "dead" technology.
Normality returns, to a degree, but there are shortages, by design, new restrictions, and severe economic struggles for the middle class.
During this time, a number of new laws are passed, designed to limit freedom. This occurs in governments around the world. The excuse for these laws is to stop any pandemic from happening again, new campaigns are released using slogans like, "Never Again" and "We Must Unite" and so on.
Through these campaigns, we gain consent to remove virtually all freedoms.
By late Winter, into 2021, a new pandemic is released, it is more severe than the last. It is a real bioweapon we have prepared, and leads to a substantial loss of life. It reduces the world's population by 1.9 Billion people in less than six months. The future is grim, and somewhat chaotic, and during this time, we use the pandemic to further tighten controls. Power outages, brownouts and Internet shortages become the "norm" (as you can see, we are already testing part of this scenario right now). Food is rationed.
Outcome 3, in particular, is favored by those on our council frustrated by the Internet and free speech.
(… if you were wondering, I favor Outcome 1 and I will vote for it and advocate for it.)"
So as of today if this info is correct it seems they're still testing the scenarios and didn't decide on one yet. Personally I think OUTCOME 1 will fail miserably as there's no way they're gonna convince the whole world to get vaccinated. Bill gates' sinister intentions that he can't hide on camera have become almost mainstream. Even people who aren't into conspiracies will not take a vax from a tech guy.
Though with the late talks of vaccines through Trump, Gates and the media, it may be possible that they may go for it or at least test the grounds to see what sort of reaction people will generate. If they do though I expect the sheep will be our true obstacle. People will enforce it on people to ride the wave. Just like with masks. I hope I'm wrong.
Outcome 2 I think will probably have a higher chance to succeed but there are many religious people who consider the microchip to be "the mark of the beast" and spread that info to each other to resist it. BUT take a look at this. "The Great Reset" posted by the World Economic Forum to evolve our economic model by early 2021." Either mass resistance or mass consideration between religious beliefs and dying from hunger.
Looking at Outcome 3 I say is the most likely to occur because the amount of censorship on the internet and the media is unprecedented.
He did say one thing that I agree with which was this whole shitshow is a simulation. Most of us found this info back in March and maybe even February. Event 201.
Also an overwhelming body of evidence emerged over time that the official narrative of bs19 was total well bs. You can find most of it here.
So there's simply no way in hell that it was accidental or done with no discernible purpose. It's a game.
Dude could be a larp but we shouldn't dismiss anything. Our consent is one of the things they strive for even subconsciously. That's the purpose behind predictive programming and "communications with the peasants through conspiracy theory forums". Let's be real he got called out from like 80% of people who engaged on his thread on fucking glp which is the natural habitat for loonies. What would you think would happen if he said that shit on facebook groups or bodybuilding forums.
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Icy white USA user here. I got it when MCO was around $5. I did the swap yesterday and got a handsome amount back. With all this FUD about the company and Kris, I gotta say they’ve made some tough decisions. Will we have angry investors from the change? Sure. Will the price of the swap from MCO to CRO be weird for some? Sure. Will cdc lose early investors (prior to this swap)? Sure.
This is crypto. So far for the most part cdc delivered prior to this latest event. Then they had to make a change. A change that will be in the best interest of the company while appeasing to the masses. Very difficult to do. Am I glad they reduced the staking requirement for the card tiers? Yes, that’ll likely bring in more people into cdc and the value of CRO maybe able to recover it’s short term losses in my opinion. I also had thoughts about removing all my crypto from the earn platform to put into my ledger and BC Vault but I didn’t because I trust this company will do well. Of course I got most of my stuff in cold storage
My family and friends who I referred are now as of today able to get the card tiers they want. Overtime I’m hoping the perks or even the interest rate will improve for the cards as the value of CRO increases. If the price of CRO indeed gets lower, in addition to bitcoin and ethereum, I’m getting more CRO. Maybe I’ll end up in the obsidian tier. As long as I am also benefiting from CDC’s business with the interest rate in earn and the cards, I’m fully supporting CDC’s decision right now and their future roadmap for CRO. Not financial advice and this is my personal opinion
Anyone else?
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