I mean I'm getting myself prepared to get the F out of the US sooner rather than later but how the fuck could you live in Europe and think, yeah I'm hanging around for this?

fiat is currency; currency is just the flow of money within an economy

GM

"Ill see you soon" 🤔 I'm gonna take that as a possible threat. 😆

The deep state has finally arrived at the #bitcoin to destroy its decentralization and monetary use case...!!!

If you are still sleeping on incompetent/compromised core devs and/or influencers then sorry but bitcoin might not survive the next war.

WAKE THE FUCK UP PLEBS AND RUN KNOTS

BITCOIN IS THE LAST CHANCE TO SAVE HUMANITY FROM SATANISTS/ GLOBALISTS/ STATISTS/DEEP STATE.

#RunKnots

#DitchCore

risk

Let’s see what happens with this upcoming Fort Knox audit. Any negative feedback could push more and more gold bugs to switch to a commodity that gets audited every 10 minutes. I wouldn’t say gold is going to be completely devoured by Bitcoin, but it will lose a few limbs.🦈

yeah I know this but the only thing stopping people from switching to another fork or node is what principal exactly? loyalty? cultism?

Already you people are moving from core to knots. 2017 was another whole thing that happened that i'm still catching up on. Sound money on the fragility of the developers is not an investment risk I want to carry tbh.

I honestly see sats as a payment in gold. tokenised digital gold.

yeah and that's where I think the core devs see the value in on-chain data I guess. One only sees memes and jpeg spam, others see smart contracts or mortgages etc.

but then again, it's just taking off one wheel and putting on another, what changes? you replace fiat with bitcoin and still do fiat things, but just with bitcoin?

This is what I'm not having a hard time getting over since I realised this

if you look closely you'll see those are fiat coins

btw gold is immutable, so irrespective of what happens - nuclear winter, emp blasts, the second coming of our lord and saviours - whatever

it'll still be around, it'll still be valued.

12k years of history is nothing to scoffed at. The US only moved away from this like 70 years ago... but that's another conspiracy for another day.

$1.60 per hour was minimum wage in 1971

That’s 1.82 ounces of gold per week

That’s today’s equivalent of about $6000 a week

bro imagine 😭

yeah, you must consider the cost to extract/process/refine/market aka the total mining difficulty. Yield are around that generally, some years more, some years less.

And Love scarcity is defined by God.😂

There are like 30 bitcoin versions out there - lol

what's the difficulty to do the work?

China found deposits too. They even created gold in the Large Hadron collider but that requires immense work.

You see, when we speak about Gold we talk about purity of gold, fine gold. Deposits around the world vary- South Africa has some of the finest gold coming out the ground at 99.98% purity, other places, 10%, 30%, 2% etc. and then on top of that there is the oz/tonne of ore after processing and refining.

It's a hard, cumbersome, capital intensive process.

Also, adding to the Gold supply is not bad at all, it means there is economic growth at a flat 1% or 2% per year if it is the case. More gold to go around means more developments

Gold is scarce. Extraction levels are roughly 1oz per 1ton of ore extracted. That's a LOT of work and cost. That creates a annual yield of around 1 to 2% p.a.

Bitcoin's scarcity was arbitrarily hardcapped by Satoshi at 21 million whole coins, subdivision of 21 quantillian satoshis - enough for everyone in a p2p electronic cash system.

It's a human hard cap and thus can, and has already been, changed in other chains i.e. Litecoin

The math and energy is just the mining difficulty. What, you think excavators come for free? Back to work MyPath you have ore to extract!

Bitcoin's scarcity is defined by man, Gold's scarcity is defined by Nature

The church of Bitcoin

He's not wrong though 😂

I like your new profile photo

No just bad faith.

🙄

Dentist and s/media 🦷 celebrity. Like many, not running their rancid mouths now