Bitcoins - digital currency
It is necessary, though. We are in a money glitch where it is currently backed by nothing. Bitcoin fixes this. What if it is as simple as:
Gold for last 5000 years<----now---->Bitcoin for next 5000 years
Whatever happens, fiat money is exposed.
Bitcoin is backed by even less than sovereign currency.
The US has a huge and still relatively fertile landmass for growing food and a big military. It has decent fresh water coming out of the household spigot and cities with reliable supply of electricity and decently maintained roads.
When the world goes to war, who do the bitcoin holders have backing their currency which is dependent upon hard drives and electrical supply ? It's just electricity. It's not edible.
You need to decide if it's backed by energy or not. Please stop critiquing the energy use if you're going to say it's backed by nothing.
When the climate **** hits the fan, the people running the government are going to be the young people who support Mamdani today.
Their are going to be Nuremburg style trials for the people who let the climate get out of hand.
Bitcoin is a friggin' poster child for mismanagement and poor decision making. The people behind it are going to be some of the defendants in those trials.
That's it, I'm finally convinced. Selling all my corns right now into sweet secure government guaranteed fiat!
When the climate **** hits the fan, the people running the government are going to be the young people who support Mamdani today. Their are going to be Nuremburg style trials for the people who let the climate get out of hand. Bitcoin is a friggin' poster child for mismanagement and poor decision making. The people behind it are going to be some of the defendants in those trial
Let us know when you find Satoshi.
It's backed by stupidity and detachment from what is real. It's a Ponzi scheme that will crumble.
You don’t understand what a Ponzi scheme is.
It's backed by stupidity and detachment from what is real. It's a Ponzi scheme that will crumble.
To believe Bitcoin is a Ponzi scheme and fiat money is not a bigger one is some of the best story ever .
Hfsp
That's it, I'm finally convinced. Selling all my corns right now into sweet secure government guaranteed fiat!
Savings bonds!
Eventually it will. Bitcoin is completely unnecessary and has no inherent value in a world which is going down the tubes as a result of carbon emissions which are artificially enhanced by insane electrically intense activities like bitcoin mining.This is the Dutch Tulip craze of the 21st century.If an intelligent future species somedays does an archaeological dig and turns up e
When you think about all the bubbles that mankind has seen since the species first stepped foot on Earth, also think about the accessibility of those bubbles. Shall we look into a few examples? Let’s:
The South Sea Trading Bubble of 1719 was mostly accessible to those who lived in Great Britain and who had access to a broker or tradesperson. It was also only known about by those who had access to newspapers or lived near people who sold stock on the streets called, “a night singer of shares.”
The great Tulip Bubble was a Dutch phenomenon and partly only those who were in a high class of living could gain access to the bulbs. Bulbs were also traded physically and in person so you literally had to be there to play the market.
The Dot-Com bubble swept through most of the United States but it was those who had an Internet connection and a broker who could truly speculate the fastest and put the most money on the line. Remember the baby at the computer?
In the case of Bitcoin, there’s one thing that’s very different from all the other bubbles. It’s something Ye old Dutch man did not have, nor the night singer of shares, or the eTrade baby from the Dot Com Bubble. It can be explained with one word: accessibility.
100% tariffs on China. We'll see how traditional markets react over the course of the beginning of next week.... but probably not good short term.
Just a billion of our money going to the needy
I don't call short term moves. That had nothing to do with me.
But long-term .... this is just a fad folks.
Buy some farmland near the Great Lakes with a reliable water supply. When sea level rise starts pushing outmigration from Florida, you'll have something real. Habitable real estate in a world where that's a shrinking commodity.
When the world goes Mad Max ... the things that matter are food, water, gasoline and weapons. People aren't going to trade you a cow for a bitcoin.
Bill Gates is buying good farmland and Canadian rail stocks. He's getting ready for the migration north.
If that world exists, there will be famine and war and it'll not be something you want to be apart of. And I do believe a world like that will probably exist again one day, but we have no idea if it'll even be in our lifetime.
Bitcoin plans for the current world and is in our current lifetime. It's the best defense citizens have against the government with regard to fiat debasement. The 16 year fad has displayed an impressive consistency with adoption and price movement. This consistency is defined by a power law. Power laws are not guaranteed to be permanent, but they have a very strong correlation in long-term predictive behavior.
No one is telling you to go all in on Bitcoin. But it's foolish to have 0% exposure and think that it's worthless.
my entire timeline is a graveyard of “woe is me/my friend” or “check on your friends and be kind to strangers because a lot of people are completely rekt today.”
and all i can think is wat?!! i didn’t even check my portfolio yesterday or realize the market nuked until like 9pm. *checks notes and saw btc was at 111k and went back about my life like nothing had happened.*
a lot of new bitcoiners were birthed yesterday.
Bitcoin wicked to 100k, under in many instances. Pretty much every bit of leverage was wiped out of the market in one instant.
Maybe you could reasonably have a sucks to suck attitude if it all wasn’t obvious crime with evidence locked on chain forever
Really buying off on that it’s only for crime and drugs narrative, but that’s about what I expect from Bitcoin maxis if we are being completely transparent
