That Bitcoin are probably little more than coal-fired Beanie Babies likely does contribute to message board attention.
Bitcoin cannot generate copycat coins(on the BTC blockchain). They are rare numbers.
Bitcoin is not fiat, it’s a commodity. It’s not decentralized at all and there are a handful of people thus could destroy it at any time.
Sounds a lot like beanie babies the more I think about it.
Uh you might want to check that.
51% attacks in Bitcoin are not a real risk for two reasons. The first is that it'd be completely illogical. If there were a group of miners able to work together to generate the resources sufficient to obtain a 51% attack on a major coin, they'd already be printing massive amounts of money completely legitimately. If they started trying to use that to do things like double spend, that'd ruin all of this because of the second point.
Bitcoin is decentralized. And if one branch becomes broken because of something like a 51% attack, it is trivial to fork it and go. Bitcoin Cash being the obvious example of this, and that was over something that lacked a unanimous consensus - nobody is going to want to stay on a fork that's been compromised.
There's no technical limitation on how many bitcoin can be produced either, only the network consensus that a limited number will be produced. It's built into the software and unlikely to change, but it isn't fundamental, it's part of the consensus.
Yeah but then you need to start saying things like:
Well Walmart MIGHT start building tanks. Its unlikely to happen, but it isnt fundamental, its part of business.