At all time high everyone says they wished they bought #Bitcoin the previous dip or previous low.
But at the actual dip or low almost nobody is buying.
One would think humans are capable of learning from mistakes ?
When one builds things that last a long time, this kind of perfection is worth the time.
I think I would love to go back to such a society.
I love cheap Sats in the morning !
#Bitcoin
I tent to agree on that view.
I think facilitating trade and store of value are the two key functions of money.
I can't really see those separated as some see to do ?
I have buckled up, put my helmet on, have the fire extinguisher in reach..
People are looking strange at me, even more than usually..
What should it do ? 🤷♂️
If a > 1 Billion hack doesn't bankrupt you, you are way too big and/or there must be something fishy ongoing ?
Not sure if lost coins won't t be harvested in the future with new technology.
The protocol will evolve, as new protection will be build in.
But older, lost, coins will be waiting to be found.
Yes you, Anand are right.
But what is better ?
What to replace democracy with ?
I think you are talking about improving humanity, but how?
🌊 SURF 'N TURF 🏝️
-THE BITCOIN BORACAY ISLAND LIFE-
Block Height 884967:
https://video.nostr.build/c052bc601c2fb5bc3b7d0c26278dfccedab5b58fd47ce3dee792c98646f0c198.mp4
On Boracay all of the tricycle taxis are electric, and have to stop to get their battery changed during the day.
It's a really quick process which I witnessed today, taking about 1 minute to complete.
It certainly cuts down on the pollution from motor fumes in the streets of the island.
Pura Vida 🏝️
Credits Goes to the respective
Author ✍️/ Photographer📸
🐇 🕳️
#Bitcoin #Freedom #Apocalypse #Music #Movies #Philosophy #Literature #dogstr #islands #scuba #marinelife #architecture
So there is a battery standard I guess ?
Did you panic sold ? 🤣
Thanks, that thinking I can follow and makes sense.
I think you described the hardest money and the fact it is pushed out by lesser forms of money since those will be spend first.
This all aligns with what I concluded myself and as being 'a bit strange' makes me feel comfortable 😌
Just a pitty we can't have a coffee and some hours to discuss, I knew/hoped this was going to be interesting !
It keeps triggering me (Wuhan lab).
I think the consensus by now is Covid did came from it.
I don't even want to go into on purpose or by accident, who funded it etc...
But this is it ?
No consequences ?
Does a next time with a more deadly variant will have consequences.
Or are we going to look how something is developed that will kill us all ?
I don't understand ?
Nice stuff, thanks.
I have a limited view on money.
I my mind Gold is money and now Bitcoin.
Gold has a natural monetary policy (scarcity and the energy needed to find/retrieve it) Bitcoins monetary policy is hard coded but the coinbase reducing slowly to zero every halving.
Fiat is debt and since not attached to something it is more imaginairing debt.., the monetary policy is changing all the time. So all in all the garbage all Bitcoiners recognize.
I have to think about the asset aspect, I still have a hard time to make a clear distinction if I should call #Bitcoin money or asset or why you have a hard time to say #Bitcoin can be both in a hybrid way ?
A part of me doesn't care how we name it, but in interaction with others it is nice to align on definitions to prevent unneeded friction.
I gonna need some more time chewing on this.
sorry mixed up photons and electrons for a second, still doesn't make it easier for me 🤣
Thanks for your elaborate awnser.
Don't see my followup as critics I like to better understand and yes have a clear opinion 🫣.
I see the network as one factor creating value.
Take as sample the hard cap of 21m, if that wasn't in place there would be 'no' value (and indeed also no network).
The same for Gold scarcity but also the fact gold is not suffering from corrosion over time.
All factors combined make good or bad money and #bitcoin can be argued being the best.
So how do you conclude the network is the asset and not the whole set, that what is #Bitcoin, being the asset ?
I can see many things being an asset but only a few assets as being money.
That money is what is controlled / defined by monetary policy of a nation state, is a verry narrow view I think.
Many samples available to counter that argument like cigarettes in prison functioning as money ?
But indeed most money used does go by your definition and #Bitcoin is clearly breaking that, it works without, El Salvador excepted, government declaring it money !
Your view on Gold unnecessary pegged to the Dollar is also interesting.
The decoupling shows it was not a hard precondition, but that decoupling also made it possible to build up insane amounts of debt, that caused pulling in wealth from the future and affected they way we think and act world wide, and causing inflation, but a conclusion about any progress can only be made after the whole debt fiasco is being resolved.
Could well be that unwinding has extreme consequences.
Pitty that typing is way more time consuming and cumbersome than a conversation.
Wasn't every #Bitcoiner at some point at least very critical about it ?
A bit of a strange reasoning, as they are quite vocal about their #Bitcoin buying and the time everyone had to buy before them ?