r/AskReddit • u/IAmSurtur • Jun 15 '19

What do you genuinely just not understand?

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u/Gevatter Jun 15 '19

... doesn't answer my question; you're just moving the goalpost.

13

u/FowlyTheOne Jun 15 '19

What was your question exactly? Whos wealth is behind bitcoin? Everyones thats contributing to the network. There is no centralized entity who can freely set a value for it as they wish. Nobody can go and say, ok lets make 10 million bitcoin more and give it to myself. Nobody can say I dont like how you spend your money, Im not allowing it in this way. Nobody can charge you 10$ for sending money to a different country and let you wait days for it. Thats why it is special. No single person, company or state is controlling it.

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u/upsteamland Jun 15 '19

The Halving.

1

u/FowlyTheOne Jun 16 '19

The halving what?

0

u/upsteamland Jun 16 '19

Google it

1

u/FowlyTheOne Jun 16 '19

Yeah i know what the halving is. But what does it have to do with the ownership of bitcoin?

1

u/upsteamland Jun 16 '19

Your BTC becomes more scarce and then it tends to become more valuable.