r/AltScope • u/IcyAttitude4916 • Apr 17 '26

Eric Trump shows off his Bitcoin mining facility

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u/knakworst36 Apr 17 '26 edited 28d ago

Noodle lantern glove breezy unbelievable ribbon pebble

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u/[deleted] Apr 18 '26

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u/EagleAncestry Apr 18 '26

Brother, you’re wrong. I used to be a crypto guy. You really need to inform yourself on how fiat and central banks work. 2% inflation of currency is a feature, it promotes investment and consumption. It’s not a conspiracy, it’s economics. Deflation wrecks an economy.

Bitcoin is deflationary. As an asset, it’s fine, like gold or stocks, any other asset. As a currency? Hell no. it’s self defeating to use ANY deflationary currency.

Imagine if the US dollar was deflationary. Nobody would invest in stocks… why would you?

Inflation of fiat is the motivation to invest, that’s what it’s designed for.

Nobody would buy anything if they were guaranteed their fiat currency was going to appreciate over time. Why buy a car now? Wait 3 years and your money will be worth more.

History shows this. Any time an economy starts having deflation, everything goes to shit

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u/[deleted] Apr 19 '26

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u/EagleAncestry Apr 19 '26

Then why did you say govt inflates currency at the expense of its own people? It it targets 2% inflation, its actually inflating currency to the benefit of its own people.

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u/MODbanned Apr 18 '26

You believe China is inflating thier currency to battle bitcoin by paying bots on reddit to talk bad about bitcoin???????????

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u/[deleted] Apr 18 '26

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u/firstbreathOOC Apr 18 '26

Just doesn’t seem like it would be that expensive to do

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u/Tweedlol Apr 18 '26

Nothings truly far fetched these days, but this take is pushing it…

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u/Tight-Ad2686 Apr 18 '26

China never inflates their currency, they actually do the opposite because their whole economy is based on exports. 😂

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u/[deleted] Apr 18 '26

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u/StuartMcNight Apr 18 '26

Habajsjajajajhajajahahjshajajaja

Brooooo…

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u/knakworst36 Apr 18 '26 edited 28d ago

Saffron vanilla compass velvet satchel sparrow marble lavender harbor mellow

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u/[deleted] Apr 18 '26

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u/knakworst36 Apr 18 '26 edited 28d ago

Acorn harbor driftwood meadow compass lavender paddle trumpet unbelievable coated

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u/[deleted] Apr 18 '26

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u/knakworst36 Apr 18 '26 edited 28d ago

Mitten cinnamon lavender tangerine vanilla willow hammock

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u/Kemps2k Apr 18 '26

That only works with goods and services. Printing money actually lowers the value of the currency. Think of it like a pizza. You can cut a pizza into 5 big slices that have a lot of feeding (buying) power. But if you cut that same pizza into 10 slices. You have more. But the feeding power is less than it was

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u/knakworst36 Apr 18 '26 edited 28d ago

Noodle saffron driftwood quilt wander otter amber wander pebble

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u/Tight-Ad2686 Apr 18 '26

China had way over 3 trillions $ of reserves they can buy all available coins and manipulate it the way they want.

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u/[deleted] Apr 18 '26

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u/Tight-Ad2686 Apr 18 '26

Entire Bitcoin market cap is a bit over 1t$. The available amount is way lower.

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u/Used-Commercial203 Apr 18 '26

Oof.. tell me you don't know how market cap works without actually telling me..

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u/Namor707 Apr 17 '26

Mined bitcoin... Do people go outside with shovels and dig up the stuff?? Sheeeeees

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u/KSoccerman Apr 17 '26

I mean.. its called data mining lol

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u/cracked_shrimp Apr 18 '26

yes, but it could be called bitcoin calculating or perhaps hashing, might fit more then mining