Media frenzy, bad takes, some big names jump on the wagon, shitcoin clown show, texts from friends and family, traders rekt, general noise

Please help me to understand what a #shitcoin is that many here are talking about. Are these all other alternative coins (altcoins)? And do people mean this from a negative point of view, because they are worth nothing, not like #bitcoin? Or has this term #shitcoins simply developed because you make just fun or something about?

#asknostr

If we didn't have inflation, when someome got an idea for a cool new thing, they wouldn't be able to build it because there's literally no money left to go around. Every unit of money is already allocated to something.

If someone were to invest their savings (which it's questionable ifnsavings would even exist in the same way we think of it now simce there's not enough money to go around, but just putting that aside for a moment...), there couldn't be any return on investment because there's no additional money.

In terms of buting power, people are poorer in a deflationary economy.

These are the argument I heard earlier tonight. Can someone point me to succinct counterarguments? Importantly, something that doesn't require studying economics for years, but something I could just casually mention in a pub in 60 seconds and get the point across to a normal person. Ideally 160 characters or less! 🔥

GM stack bird shit

Agreed. He didn’t tell anyone. He will die alone with this. Possibly in an unmarked grave somewhere. Possibly poor & destitute. Who knows. Those coins never ever move.

2 people can always keep a secret as long as one of them is dead.

The question I sometimes think about:

In a long enough timescale, will these coins ever move?

Today, we saw, again, that coinbase is a big problem for #bitcoin. Do yourself a favour - delete coinbase.

If you enable passphrase you create entire different wallet.

Need some help with coldcard and sparrow wallet.

I set up the coldcard successfully, airgapped, exported wallet to sparrow on my computer, did a test transaction, no issue.

I then reset everything to make sure I could access the funds not matter what, but when I exported the json wallet to sparrow its like if I was creating a new wallet.

On the sparrow menu I then found, on the menu, open wallet and found my wallet with test transaction.

So what’s required, besides the seed phrase, to have access to your funds if your loose everything?

#coldcard #btc #bitcoin

Edward #Snowden on #Bitcoin

But Mortimer, your brother.

Fuck him.

Coinbase traders rn.

Coinbase going down just now is the biggest bull market signal I've seen so far.

At exactly $64,000 on Bitstamp. That must've been where a metric shit ton of sell orders were grouped.

Psychology is a bitch.

I’m not in Madeira so here’s this instead

#meme #memestr #nostrmemes #memes 832,305 🤙💜