Nocoiner shot.
nostr:npub1rtlqca8r6auyaw5n5h3l5422dm4sry5dzfee4696fqe8s6qgudks7djtfs chaser.
nostr:npub10qrssqjsydd38j8mv7h27dq0ynpns3djgu88mhr7cr2qcqrgyezspkxqj8
Discussion
I know this guy. He's absolute clownshoes.
He will learn to regret his choices in the long run.
Good luck, take careeeeeee
He seems to know what he's talking about. He even sells a guide!
So that's what HODL sounds like. Hahah
Good. Heāll have to become a productive asset and earn his bitcoin like a majority of others who dismiss the opportunity to buy it now. Straight jabroni talk
Because he is not wrong.
"Eventually more bitcoin will need to be paid than there is in existence"
"Banks would exist but they would allocate equity. So you take the hundred billion dollars, and you put them in a business, and if the business makes money then you make a return unless the business loses money."
https://video.nostr.build/fcd2bd9430e8bc5f4522785af33d1ae03a708f8ad80c810f0b4c8c731a90382c.mp4
This 'Eventually more bitcoin will need to be paid than there is in existence' phenomena should not be overlooked, and it takes a bit of research to understand.
I don't see how this fits in here; care to elaborate?
When he says, I will never own bitcoin, may imply that every dime he makes will go back into the company. This can be a good positive feedback loop to grow equity. It may be a good strategy for entrepreneurs to grow their business on paper, but in a practical case most companies need a reserve.
I think a good analogy is solar panels vs a battery. He is saying I will have so many solar panels that I don't need a battery.
Of course some batteries loose their charge more than others.
But his central point is that bitcoin has no yield, and that is what the video is addressing.
A battery is not a solar panel.
Right.
I sort of follow what you're saying here, but I meant what does the clip of Saylor and Saif, as well as your comment below it, have to do with the original video?
I understood the original video, but not your response to itš .
Saylor can't cope with the fact that his battery is not a solar panel. He is saying, look how I wired it up. I'm getting a yield, 5% risk free. And Saifedean is projecting out into the future explaining that this will eventually end and people will have to work for their money.
Using a battery analogy, Saylor is transferring energy from the fiat battery to the bitcoin battery because the bitcoin battery holds its charge better.
Saifedean is saying, yes, but eventually you are going to need to hook up some solar panels when fiat runs out of juice.
Okay.. I sort of follow you here. Again.
But I understood that video too. I tried asking you to explain what the link is between the video posted by nostr:nprofile1qqsvfr3f7p95stxqrjslnmuvsmhcxxxqt8swjdfjx5tz7zq0yms5cygpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgqg4waehxw309ajkgetw9ehx7um5wghxcctwvsq32amnwvaz7tmjv4kxz7fwd4hhxarj9ec82css0rm9g and your comment. You replied to it with the video of Saylor and Said, and I still do not get why you did thatš¬.
Because I wanted to provide context for and post this:
https://video.nostr.build/c0f90c8c5c3019acc53b659ca397064d73e9bd2dba7fcd9c10c7518e2a7cc473.mp4
Heās not wrong about the shitcoins. If you can orange pill this guy, he would be a good ally.
He doesnāt understand what money is.
By this logic you shouldnāt ever use or have money because money is ānonproductiveā. LMAO NGMI
He's right though. Bitcoin isn't an "investment," it's just a better form of money than the dollar, and it's where we choose to store our wealth as the dollar collapses.
But why would you decide where to put your money depending on the definition of "investing"? That doesn't make sense at all... Did Bitcoin not grow by 80% every year, just because it's "unproductive"?!
By this definition simply holding US dollars under a mattress is "investing" in dollars. Bitcoin is simply another form of currency, but unlike any currency that is native to a nationstate's central bank, it is native to the internet. If demand for internet money grows faster than the supply, so will it's value.
Bitcoin is money. HARD MONEY WINS
Bitcoin is like etf. It's value increases when its adaptation grows, companies that use it grows, new technologies and seivices are developed. It is much much more than some yellow rock.
He actually does have some good takes, bitcoin is not one of them though š
This
So true mate. I used to write about Bitcoin in an investment forum. The 99% of investors literally prefer dying but dividend paying companies rather than then spending the first 10 hours on learning about Bitcoin.
bitchcoin is shitcoin. Monero is the only real cryptocurrency
Hahah, what a dudeā¦ itās called saving! The whole point is not having to invest.
Zap me
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For real
this guy is a dumbass
This guy is just parroting what he learned in some textbook or class. When he gets into the real world and starts understanding money, its role and the value of scarcity, he will realize the huge blindspot in "modern financial theory" taught to him.
enlightened
the end is gold! š¤£
Correct, Bitcoin isn't an investment it's the money with which you do the investing. Investments have to return Bitcoin to actually be worth investing into.
If you donāt believe it or donāt get it, I donāt have the time to try to convince you, sorry.
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