From 01/12/2009 to 7/14/2010 the #Bitcoin network established itself worldwide with a native coin with "NO #FIAT VALUE." This was a CRUCIAL condition to establish a sufficiently decentralized monetary network. This condition can never be replicated by anyone aware of its criticality.
All attempts at creating an alternate, better than #bitcoin, #cryptocurrency have been doomed from the start as they have launched with tokens that have a #fiat price, insiders, opaque or changeable rules, and in 99% of the cases with a significant "pre-mine" of tokens that are owned by a few players. #bitcoin requires NO TRUST in individuals and it has NO LEADERS, whereas ALL #cryptos require their leaders to behave ethically and morally to sustain the marketability, credibility, and security of their tokens. #bitcoin or #crypto? (How is this still a choice?)
No individual, a mere mortal, will leave a greater mark in catapulting human civilization to greater heights than ... #Satoshi #Nakamoto.
#bitcoin vs #crypto #bitcoinvscrypto
#bitcoin vs #crypto
#bitcoinvscrypto
“To a disciple who was forever complaining about others, the Master said, ‘If it is peace you want, seek to change [and 🍊 💊] yourself, not other people. It is easier to protect your feet with slippers than to carpet the whole of the earth.’” — Anthony de Mello on #bitcoin
I can't stand impostor #bitcoiners (genuine #fiat maxis) who talk about 5-minute candlestick charts.
40 years after Hal Finney started running #bitcoin, the FED will no longer exist. This magnificent event will coincide with #bitcoin ceasing to be priced in #USD, the last of the #fiat currencies.
Here's the 2024 #bitcoin cycling kit!
Buy your Road, #MTB, #Gravel, and #triathlon kits today!
- Jerseys
- Bibs
- Wind Vests
- Road Suit (pictured)
- Tri-suits
- MTB / Gravel Jerseys
- Arm Warmers
- Knee Warmers
- Leg Warmers
https://www.starlightapparel.com/collections/bitcoin
#bitcoinETFs prolong the life of the #fiat monetary system and it gets worse for those who buy them ... #bitcoin not #paperbitcoin
"I am glad I sold all my #bitcoin for #fiat 3.8 years ago." ~ has never and will never be said by anyone!
The #bitcoin #200WMA chart has never dipped. And, as long as #bitcoin is priced in #fiat currencies that are designed to be perpetually debased, it will continue to attract people looking for a store of value (#SoV).
Now, the day will come when #bitcoin ceases to be priced in #fiat. This is when everything will have a price except bitcoin. When this happens, circa 2040, #bitcoin will be the universal unit of account (#UoA) and remain so, forever, Laura!
GN
Welcome to Bitcoin! This is a world of hard money and discipline. Weak individuals cannot stomach the learning and discipline required to stay here, they typically leave quietly in the middle of the night.
You, your family, your family office, your company, or your country cannot benefit from the biggest asymmetric bet of human civilization without the DISCIPLINE to #HODL.
This is my take on #HODLing: DCA into #bitcoin & ONLY spend (never sell for #fiat) bitcoin that has matured 200 Weeks.
Gary Gensler... "We have not endorsed #bitcoin."
That is very misleading because, in the same breath, he could say that the SEC has not endorsed and will never endorse any commodity, not oil, not gold, not [enter] your favorite exchange-traded product, commodity, or security!
Also, he states over and over how #bitcoin is very speculative and highly volatile. This is 100% accurate for an individual who has NOT done their homework and wants to day-trade #bitcoin [or any other product] using ONE-MINUTE candlestick charts. I agree, and I would call it GAMBLING.
Yet, Chairman Gensler ALSO knows about taking a long-term investment horizon, and yet he has never nor do I suspect he will ever mention the #bitcoin #200WMA.
My take: Investor protection is not about investor protection. Investor protection has turned into protecting the status quo, and those who benefit greatly from being close to the #fiat money-printing spigot.
#bitcoin vs #fiat
Mirror, mirror on the wall ...
#bitcoin is the 'APEX MIRROR' of human civilization!
#bitcoin #toolegittoquit
#bitcoin Acid Test:
#fiat & #crypto
vs
#freedom
Exactly 15 years ago, the first open-source #bitcoin (0.1) client a.k.a. FULL NODE was released. Three days later, on January 12th, the first peer-to-peer transaction occurred (Block 170) between #SatoshiNakamoto and the legendary Hal Finney when #Satoshi sent him 10 #BTC.
Will January 2024 be a memorable month? Hmm, is anything BIG lurking in the background?
Prepare yourself: What kind of person will #bitcoin turn you into (or better yet, reveal) when it surpasses $100K and then the flywheel takes it to $1M faster than you think is possible?
Perhaps an Ayahuasca retreat in Costa Rica 🇨🇷 can give you a glimpse of your true self!
