"Wil Bown, a friend, the first bitcoin customer, paid .6 bitcoins for a sandwich. At the time, a bitcoin was worth ten dollars. The sandwich cost Bown six dollars.
When we spoke to Bown recently, bitcoins were valued at more than 129 dollars. At that rate, that sandwich cost 77 dollars. Had he saved his bitcoins, we could have made 123 dollars."
from a Utah paper
July 1, 2013
Checking out an online article from my local news channel/website and came across this gem.
"DG001 · 3537 days ago
As soon as China laws make bitcoin unusable, no one will want them and the value will drop, again. We have seen it happen twice now, the first time it was deemed a commodity, the second time around exchanges to real money were banned. Bitcoin went from $1200 down to ~$500 in a matter of an hour and has slowly made it back up to ~$700 now.
Basically, China is propping up the bitcoin market, without them it would still be $15 each and no one would care.
Anyone that thinks bitcoin is going to change the world, get your head out of the clouds. Every retailer that takes bitcoins uses a service that instantly cashes them out to whatever currency they normally use, that is not world changing."
#bitcoin
#nostr
#bubble
#tulips
agreed, but that's exactly the point
most people fall into this category
so it a good discussion, IMO and worth a listen
it's probably why Jack had him on
to highlight the challenge facing us
i suggest this listen
they have a civilized convo about it
of course
and thats the beginning of that persons journey
where it goes?
nah, create another profile to explore with
nostr waits for no one
perhaps that's the path it takes for discovery
discovery paths are all going to be different
I don't really like the saying
everybody gets bitcoin at the price they deserve
but there is a lot of truth to it
when you discover it
you don't have to understand it
that's the beauty of it
ot eventually will eat everything
bitcoiners in the sense that they've taken the first step. same as someone who's mismanaged or lost their keys
where it goes from there?
perhaps they get burned and never return 🤷♂️
or they learn and push forward
everyone has their own trust level
and if you acquire enough bitcoin
perhaps it'll matter to you how you store it
bitcoin will eventually appeal to everyone
If we were able to zap on nostr on-chain.
lol
that's your retort?
bitcoin in custody of someone else, or entity, is an IOU
non-KYC is a meme
all bitcoin is non-KYC
if you custody your own keys, you're a bitcoiner. KYC means nothing, at that point. Withdraw and Send are absolutely identical from a platform standpoint ,zero difference.
If i sent you a payment from CashApp or Strike, now you're me...? 😂
realist.
With current technology some worry bitcoin will have issues, but technology isn't at a standstill, so it's impossible to predict.
Shitcoins are just a way gor the shitcoin founder to accumulate more bitcoin.
What was the ICO of Eth?
2000 Eth for 1 Bitcoin
I rest my case.
#bitcoin
#nostr
Yes, but this is not THE Winchester Rifle website, it's just A Winchester Rifle named STORE. Big difference.
Browning Firearms used to make the original rifles, but went brankrupt in 1989 and was sold to a company in France, I believe.
The original company was in Morgan, Utah. A neighbor of mine is the daughter of the original company.