Replying to https://twitter.com/marcusoar/status/1528428177558753289:
@marcusoar @Krger19Kruger @LustigRalf @relai_app You had a couple key phrases there: "initial phase" and "certain products". No business can survive long that does not bring in more profit than it spends in costs. This means that most of what they sell must be priced higher than the cost to produce it.
Replying to https://twitter.com/marcusoar/status/1528404827650269191:
@marcusoar @Krger19Kruger @LustigRalf @relai_app Cost of production can set a benchmark that the price of the product of that work must exceed for the product to be marketable, but it has nothing to do with the actual value of that product, because if people don't think the product is worth the price, they just won't buy it.
Replying to https://twitter.com/Krger19Kruger/status/1528404246160412675:
@Krger19Kruger @LustigRalf @relai_app Digging a hole and filling it up again is also work, but has no value. The result of the work must have value in order for the work itself to be valuable. So again, all value is subjective.
Replying to https://twitter.com/Jianglindai1990/status/1527695070069407744:
@Jianglindai1990 @vascular08 @VailshireCap Bitcoin has not ever hit $1 million per coin. Maybe you are thinking of market cap, in which case it passed $1 trillion last year.
Replying to https://twitter.com/Jianglindai1990/status/1527695691019329536:
@Jianglindai1990 @VailshireCap Uh, no. There are not 21 million in the world, there are 19 million already mined and "in the world" while the last 2 million will be mined between now and 2140 or so.
Replying to https://twitter.com/AirdropCartel/status/1527517209458839562:
@AirdropCartel @Sharedillusion @VailshireCap I'll give you the digital device and access to the internet. Outside of that, though, you can start stacking sats as long as you have 10 minutes to read and article and get rewarded for it with Bitcoin. No need to pay fees, or spend money out of your monthly budget.
Replying to https://twitter.com/undefined/status/1527495710668726272:
@vascular08 @VailshireCap My guesstimates are still somewhere between 2029 and 2031 to hit it as a local top.
Replying to https://twitter.com/VailshireCap/status/1527491915075072000:
@VailshireCap So many of my friends still think that the government can just find the server where Bitcoin lives and pull the plug.
We are definitely early.
Replying to https://twitter.com/LadyAnarki/status/1527550725592686594:
@LadyAnarki @HodlDee I have rightful possession of the house I live in due to a lease agreement, but I do not own it. Conversely, the actual owner does not have any meaningful possession of the house, because he does not live in it, nor can he arbitrarily kick me out, due to the lease agreement.
Replying to https://twitter.com/realBitcoinDog/status/1527435092401934336:
@realBitcoinDog @HodlDee @saylor I think the point is that since your private key is just data, you can't really own it. Anyone else who happens to guess or somehow gains access to that data, has transfer access to your Bitcoin, and can move it to any other address, so their ownership becomes equally valid.
@realBitcoinDog @HodlDee @saylor That said, it is still true that Bitcoin is the asset with the best system for maintaining your ownership, since it is exceptionally unlikely for someone to guess your private key, and it is relatively easy to keep it secret, if you're not an imbecile.
Replying to https://twitter.com/realBitcoinDog/status/1527435092401934336:
@realBitcoinDog @HodlDee @saylor I think the point is that since your private key is just data, you can't really own it. Anyone else who happens to guess or somehow gains access to that data, has transfer access to your Bitcoin, and can move it to any other address, so their ownership becomes equally valid.
Replying to https://twitter.com/PriusOmega/status/1527491442725113856:
@PriusOmega @HodlDee Ownership is definitely not defined as possession. I possess the house I am currently renting, but I do not own it, because I have no right to transfer it. Ownership is the right to transfer a thing, and Bitcoin is the asset with the best guarantee to protect that right.
Replying to https://twitter.com/cvpayne/status/1527359771363315726:
@cvpayne You should probably short it.
Replying to https://twitter.com/CStackamoto/status/1527405307827212302:
@CStackamoto @cvpayne Exactly. Bitcoin is still in the first phase of a thing becoming money: Store of Value. It is only barely scratching the surface of being used as a Medium of Exchange, and has a long way to go before Unit of Account.
@CStackamoto @cvpayne This is not a bug, it's a feature. Being adopted as currency too fast would break both Bitcoin and the global economy.
Replying to https://twitter.com/CStackamoto/status/1527405307827212302:
@CStackamoto @cvpayne Exactly. Bitcoin is still in the first phase of a thing becoming money: Store of Value. It is only barely scratching the surface of being used as a Medium of Exchange, and has a long way to go before Unit of Account.
Replying to https://twitter.com/CryptoPresby/status/1526214104595107840:
@CryptoPresby @stephanlivera @TheAliceSmith I think you might be surprised about the amount of development of exactly those sorts of things, some of which are designed to use Bitcoin and/or Lightning as the rails to implement them. In particular, check out @start9labs and @ImperviousAi
Replying to https://twitter.com/SwanBitcoin/status/1526329899786682370:
@SwanBitcoin @cointillionaire Indeed it does. So when is Swan going to catch up with CashApp and enable lightning withdrawals?
Replying to https://twitter.com/CryptoPresby/status/1526105786182643712:
@CryptoPresby @stephanlivera @TheAliceSmith There is, but none of those things require their own token. They can be implemented without having to create a shitcoin attached to them.
Replying to https://twitter.com/UnprovokedQ/status/1525928800219013125:
@abc00731 @TomerStrolight No. They are not “ahead”. Some may be trying to do something other than being “money”, but the usefulness of those things is dubious at best. Every other “crypto” compromises qualities that Bitcoin possesses, and is therefore moving backward, not ahead.
Replying to https://twitter.com/UnprovokedQ/status/1525925736183484416:
@abc00731 @TomerStrolight There is a fundamental difference between Android phones being an imitation of the iPhone, or Hulu being an imitation of Netflix, vs “cryptos” trying to be the next Bitcoin. It’s more similar to someone trying to create a new protocol to run the internet, instead of TCP/IP.
@abc00731 @TomerStrolight iPhone and Android are simply two products that can both co-exist and even benefit one another, because they interoperate on the same base cellular and internet networks. They are products. Bitcoin is a network, and networks tend toward 1.