Any tips on where to start? Already killed all social media except LinkedIn a few years ago
If you use iOS and not graphene are you trusting big tech to not spy on your every move?
Do you have issues when traveling overseas? I could never get it to connect in Mexico with an iPhone so then just bought a local SIM card
This would be an acceptable outcome for me as well
Just to troll, if you bought a bitcoin two years ago it was $58,090
With that said, I feel better having the bitcoin than usd.
I think he finally woke up to what most of us have believed for years. Just took him a little longer than most and now he’s trying to get others to understand it as well.
I can’t imagine he wins the battle (his bet), but if he gets a million+ silicon valley type ppl/companies to buy bitcoin as they really do listen to him, I’ll call it winning the war.
To be fair, isn’t that the actual law? Last sentence of below:
The Federal Deposit Insurance Corporation Improvement Act was passed in 1991, giving the FDIC the responsibility to rescue an insolvent bank by the least costly method. The Act had the implicit goal of eliminating the widespread belief among depositors that a loss of depositors and bondholders will be prevented for large banks. However, the Act included an exception in cases of systemic risk, subject to the approval of two-thirds of the FDIC Board of Directors, the Federal Reserve Board of Governors, and the Treasury Secretary.[26]
My guess is, it’s a marketing move and he kind of wins either way. He’s a billionaire known to have thousands of bitcoin. So this will certainly get a lot of free media attention and in Silicon Valley, where is he quite revered, influence a lot of rich folks to buy some bitcoin just in case.
In the likely event he loses the bet, he still comes out ahead as the pump he induces will inflate his bags substantially more than the $2M usd he pays out.
In the end, this is good for bitcoin. It will draw more attention to bitcoin and the crappy fiat system. It will bring more ppl into bitcoin. And hopefully more people will self custody when they understand the ramifications of what Balaji is predicting happens.
He’s betting bitcoin will be over $1M usd in 90 days. If he’s right, he wins a bitcoin. If he’s wrong, he pays $1M.
He is opening the bet to two people.
My guess is, it’s a marketing move and he kind of wins either way. He’s a billionaire known to have thousands of bitcoin. So this will certainly get a lot of free media attention and in Silicon Valley, where is he quite revered, influence a lot of rich folks to buy some bitcoin just in case.
In the likely event he loses the bet, he still comes out ahead as the pump he induces will inflate his bags substantially more than the $2M usd he pays out.
In the end, this is good for bitcoin. It will draw more attention to bitcoin and the crappy fiat system. It will bring more ppl into bitcoin. And hopefully more people will self custody when they understand the ramifications of what Balaji is predicting happens.
No idea what this Balaji is thinking betting bitcoin will be over $1M in 90 days, but it’s bold.
True. Multisig seems to solve a couple perhaps important problems for me:
1) someone finding one of my seeds (accidentally or intentionally)
2) vendor risk for a hardware wallet - both in the seed generation process and the signing process
3) Someone trying a $5 wrench is tough since I would need to travel to multiple locations to move anything
I still am not sure if the trade off is truly worth it. I like the idea of just being able to roll anytime with 12 words and a pass phrase as opposed to all the crap I’d need to move with my multisig
Come on now, don’t be anti capitalism and anti American and anti the flag (insert other bullshit)
Stay humble, stack sats
I don’t understand why ppl wouldn’t want their purchasing power to not go up and/or actively cheer it going down when btc price drops.
Perhaps it’s a coping mechanism or maybe they just don’t own much relative to their fiat so they honestly are happy they can convert at a lower rate.
But ultimately the 1btc = 1btc meme is kinda dumb. The value of a money (like how many apples or cars or homes it buys) is what matters, because that is what humans need. You work, and save your life energy in money so you can buy some apples later. Not so you can look at a screen that says a higher number of currency units. K
Unlikely. The temptation to profit immensely from scams will not go away anytime soon
Gotcha, guess still a good way to onboard folks who aren’t tech savvy and don’t wanna flash themselves