hiriskpaul wrote:I really am struggling to see much difference between TRUMP and Bitcoin. How coins are created is surely irrelevant. The only thing that matters is what they can be bought and sold for. Assuming there are a finite number. But is that true when it comes to TRUMP? Could Trump double the number of coins he holds at the touch of a button?
The differences are both technical and social.
The theoretical total number of bitcoins can only be increased by a software change. Doing so would be down to consensus of those who own bitcoin. There was a change proposed to increase the block size a number of years ago. It got very acrimonious and the change was supported by the miners. However they didn't achieve consensus. So the change was not implemented.
Such a change could occur with $TRUMP coin, and as the majority of coins are owned by Mr Trump the change would almost certainly go through.
How the coins have been created is irrelevant to you. But as you will likely not chose to own either and hence join the consensus your opinion is also irrelevant. Not so the opinions of those who chose to buy and own the coins. Dare I suggest that even before that point the opinions of those who might buy "crypto" could be relevant to their decision to buy.