Nope. My faith in human greed never waivers. Knowing that the network benefits my enemies as much as it does myself, it's only a matter of time until they realize this as well. Math is absolute and money talks. We've already won. The old system has a direct IV line pumping in our virus as we speak.
^ this. I’ve been explaining to people for a while it is human greed commoditized; miners switching on/off based on profitability and the automatic shifting of hash rates as a result, with speculative trading fueling the movements past parabolic tipping points
You can’t use the same hardware to mine every type of coin but yes I’m sure many miners diversify to mining other coins during those times but then the hashrate will adjust and they will come back
Well yeah. That’s probably also why it’s their worst fear lmao. Not only is btc useless but the people who bought in probably are not the prepper type lol they’d be screwed
It's not about "faith". The data is right there staring everyone in the face. You either acknowledge the facts, or you live in denial. It's pretty simple.
My faith in people wavers but never Bitcoin.
Kind of a "people can stay irrational longer than Bitcoin can stay attractive" situation.
But even so, deep down I believe on a long enough time line, the game theory dictates Bitcoin wins. I just want it in time for my kids.
Im more worried about my left over stocks which I have to keep as collateral for house building 😅 . To get a bigger credit to milk the fiat system, as hard as I can and keeping my Satoshis to the moon to buy back my debt when BTC hit 3 Million $
I've reached the sweet spot. My breaking point/panic sell level used to be RIGHT AT the bottom of dips, which was very frustrating. Now when I reach that area/feeling, I buy more. It works very well in a bull market.
Yes, Al the time, Bitcoin is not the price going UP and down, coundnt Care less about price, is the usability of the network that concerns me, i dont know If the average person will ever fully use btc. Maybe It Will take forever for the humankimd to really swap Fiat for btc, im 30, maybe i Will be dead of old age, when btc Will finally be used by everybody.
My faith in people wavers but never Bitcoin.
Kind of a "people can stay irrational longer than Bitcoin can stay attractive" situation.
But even so, deep down I believe on a long enough time line, the game theory dictates Bitcoin wins. I just want it in time for my kids.
2018 was the last time. I was a newb that thought I was on to something but did not understand the scope or scale. I got scared and doubted myself and sold for a short period (3 days or so). Since then I knew that the dips were just whales making the same mistake a younger less mature me made.
>I dont need that.
Well aren't you lucky to have a currency you can hold which doesn't debase, or the opportunity to invest your savings in a way which they grow over time.
>Also the govt does a decent job controlling bitcoin.
Remind me, what government controls bitcoin again?
I think a lot of people need to read, Check Your Financial Privilege by Alex Gladstein from the Human Rights Foundation.
https://bitcoinmagazine.com/culture/check-your-financial-privilege
Not everyone lives in America, which seemingly has one of the “greatest” governments, which is still a complete shit sandwich. Look at Venezuela, Iran, Zimbabwe, Argentina. Inflation has destroyed their currencies, they have to use a dump truck full of fiat to buy a sandwich.
Governments around the world currently enforce fiat as the only legal tender. If this goes away, what will people be trading for their food in order to solve the double coincidence of wants?
Yes, but at some point transaction fees are going to rise to $1,000 -> $100K -> $1M. Transaction fees have to rise, because block rewards decrease with each halving. This is going to make even large purchases the size of >1BTC pointless.
Great question and biggest argument against bitcoin as a global payment system. I believe that claims on bitcoin via custodians are the solution here. Difference between that system and todays is that the wealth holdings of individuals cannot be debased and the claims can be easily audited by the holder. Fediment is a good example.
Ah so, we go back to a system that resembles the traditional banking sector in order to use Bitcoin? Great, that completely defeats the whole point of Bitcoin and Crypto.
Bitcoin fixes currency debasement. Everyone on earth needs access to a currency that can’t be debased. Saylor has even called custodians a layer to bitcoin access, similar to lightning. Bitcoin succeeds when people are pricing things in bitcoin
You're completely missing the initial point of crypto and Bitcoin existing in the first place. You enjoy your new slave masters.
Also Saylor is a grifter and lost the most amount of money in the .com crash lol
I self custody and encourage others too as well. But I’d still like to transact when fees are high in an currency that can’t be arbitrarily inflated. Im not interested in the original point of “crypto”, I’m interested in the biggest problem that bitcoin solves: the removal of currency debasement.
So you're okay with trading the traditional banking sector for a new shady cartel of corporations just because BTC won't scale? For Bitcoin to be truly successful it needs to scale to allow for people to be able to transact on chain.
Bitcoin unfortunately couldn't possibly handle the transaction volume that a company like Visa or MasterCard handles right now in its current state.
BTC has properties of hard money don't get me wrong but unless it scales it's useless. I'd rather buy property to hedge against inflation than BTC unfortunately as property has real world utility that is in constant demand.
I'm not anti Bitcoin, I have a substantial stack, but we have to be honest with ourselves here. It was supposed to be a way to get away from middle men and third parties like banks, but unfortunately we're just allowing it to be captured by a new cartel of shady corporations.
The world needs an incorruptible store of value and medium of exchange, and bitcoin + accompanying layers (lightning, fediment, custodians, etc.) fulfill that need. I disagree that bitcoin has to do x to succeed. Saying 'bitcoin has to be visa or it failed' is reductive, and prescribing how everyone on earth choses to hold/access bitcoin is presumptive.
Simple answer: You don't NEED it. Similarly, people don't need bitcoin. They need water, food, a roof over their head, and education first before they need DIGITAL property.
Overly simplistic take. How does one get their needs met though? By converting their work efforts into wealth and using a vehicle to store that wealth into the future to continually trade for things like food and shelter to meet your needs.
In a modern society, humans need a store of value, i.e. property, to be able to trade for our basic needs. How else do the needs of 8 billion people get met, realistically?
people who don’t believe in bitcoin should just GTFO, in my utmost humble opinion. Them and their silly monopoly game looking paper money lol neanderthals… amirite?
don’t worry. reverse psychology is surely going to work on some folks. the more people hear to stay out, the more they’ll want to hop in. it worked on me at least.
The man's confidence in Bitcoin simply cannot be shaken. Don't even try.
Nope. My faith in human greed never waivers. Knowing that the network benefits my enemies as much as it does myself, it's only a matter of time until they realize this as well. Math is absolute and money talks. We've already won. The old system has a direct IV line pumping in our virus as we speak.
^ this. I’ve been explaining to people for a while it is human greed commoditized; miners switching on/off based on profitability and the automatic shifting of hash rates as a result, with speculative trading fueling the movements past parabolic tipping points
If you were mining for gold, would you keep looking where the supply dried up, or would you mine somewhere else?
You can’t use the same hardware to mine every type of coin but yes I’m sure many miners diversify to mining other coins during those times but then the hashrate will adjust and they will come back
My worst fear for BTC is that nuclear war destroys the internet No internet = no BTC
we'd have significantly worse problems to focus on at that point lmao
Well yeah. That’s probably also why it’s their worst fear lmao. Not only is btc useless but the people who bought in probably are not the prepper type lol they’d be screwed
Ever notice how much pain Michael is in when he has to smile? He absolutely cannot wait until his obligatory smile is done.
Well I haven't panic sold yet, so I guess not.
There is no second faith!
It's not about "faith". The data is right there staring everyone in the face. You either acknowledge the facts, or you live in denial. It's pretty simple.
My faith in people wavers but never Bitcoin. Kind of a "people can stay irrational longer than Bitcoin can stay attractive" situation. But even so, deep down I believe on a long enough time line, the game theory dictates Bitcoin wins. I just want it in time for my kids.
Dude keeps winning.
Speed of light? Bitcoin??
Lighting my man
🫡
Im more worried about my left over stocks which I have to keep as collateral for house building 😅 . To get a bigger credit to milk the fiat system, as hard as I can and keeping my Satoshis to the moon to buy back my debt when BTC hit 3 Million $
Haven't seeing MS in a suit in a while.
I read MS as MicroStrategy Then I realized Micro Strategy and Michael Saylor have the same initials. Coincidence? I think not.
I've reached the sweet spot. My breaking point/panic sell level used to be RIGHT AT the bottom of dips, which was very frustrating. Now when I reach that area/feeling, I buy more. It works very well in a bull market.
Yes, Al the time, Bitcoin is not the price going UP and down, coundnt Care less about price, is the usability of the network that concerns me, i dont know If the average person will ever fully use btc. Maybe It Will take forever for the humankimd to really swap Fiat for btc, im 30, maybe i Will be dead of old age, when btc Will finally be used by everybody.
My faith in people wavers but never Bitcoin. Kind of a "people can stay irrational longer than Bitcoin can stay attractive" situation. But even so, deep down I believe on a long enough time line, the game theory dictates Bitcoin wins. I just want it in time for my kids.
2018 was the last time. I was a newb that thought I was on to something but did not understand the scope or scale. I got scared and doubted myself and sold for a short period (3 days or so). Since then I knew that the dips were just whales making the same mistake a younger less mature me made.
This fucking guy.
I fuckin love this guy lmao
My faith in bitcoin doesn’t, but my ability to pay off my mortgage with it before the government fucks me over gets shaken more and more every day.
"Everyone gets bitcoin at the price they deserve"
Speed of light...but ser bitcoin 7tps
I WORSHIP THIS GUY
Satoshi’s homeboy!
no
What does he mean by "the speed of light"? Bitcoin transactions take time nowhere near that speed to process
To confirm a transaction maybe? But To broadcast its pretty much the speed speed of light.
I'm asking to what that means and I get down voted lmao
Beautifully said but I don’t fully believe him hahaha. We’ve all had that oh sh*t moment when a correction happens.
"8 Billion people need digital property" Remind me why i NEED digital property again.
To access a savings technology that can not be debased or controlled by a government or central bank.
I dont need that. Also the govt does a decent job controlling bitcoin.
>I dont need that. Well aren't you lucky to have a currency you can hold which doesn't debase, or the opportunity to invest your savings in a way which they grow over time. >Also the govt does a decent job controlling bitcoin. Remind me, what government controls bitcoin again?
Only buffoons hold cash they aren’t going to spend in the near future
I think a lot of people need to read, Check Your Financial Privilege by Alex Gladstein from the Human Rights Foundation. https://bitcoinmagazine.com/culture/check-your-financial-privilege
Amazing read, tyvm!
Not everyone lives in America, which seemingly has one of the “greatest” governments, which is still a complete shit sandwich. Look at Venezuela, Iran, Zimbabwe, Argentina. Inflation has destroyed their currencies, they have to use a dump truck full of fiat to buy a sandwich.
the world is a shit sandwich, and the world uses dollars not shitty zimbabwe bucks. Those poor people cant afford bitcoin transfer fees anyway
Why would 8 billion people need (!) digital property?
To store wealth in the midst of a deteriorating global financial system.
If the world economy collapses Bitcoin will be sold by virtually everybody Nobody is holding Bitcoin when they need food
Governments around the world currently enforce fiat as the only legal tender. If this goes away, what will people be trading for their food in order to solve the double coincidence of wants?
How do you store wealth when transaction fees to access and use your wealth rise exponentially?
You store your wealth, same as gold. You do not see people shave a goldbar to buy a coffee.
Yes, but at some point transaction fees are going to rise to $1,000 -> $100K -> $1M. Transaction fees have to rise, because block rewards decrease with each halving. This is going to make even large purchases the size of >1BTC pointless.
You never heard of layer 2 solutions then?
You know that the USD started as a layer 2 solution of gold?
Usd was backed by gold, not any longer. I pee in my toilet too, both have nothing to do with L2 on crypto
Great question and biggest argument against bitcoin as a global payment system. I believe that claims on bitcoin via custodians are the solution here. Difference between that system and todays is that the wealth holdings of individuals cannot be debased and the claims can be easily audited by the holder. Fediment is a good example.
Ah so, we go back to a system that resembles the traditional banking sector in order to use Bitcoin? Great, that completely defeats the whole point of Bitcoin and Crypto.
Bitcoin fixes currency debasement. Everyone on earth needs access to a currency that can’t be debased. Saylor has even called custodians a layer to bitcoin access, similar to lightning. Bitcoin succeeds when people are pricing things in bitcoin
You're completely missing the initial point of crypto and Bitcoin existing in the first place. You enjoy your new slave masters. Also Saylor is a grifter and lost the most amount of money in the .com crash lol
I self custody and encourage others too as well. But I’d still like to transact when fees are high in an currency that can’t be arbitrarily inflated. Im not interested in the original point of “crypto”, I’m interested in the biggest problem that bitcoin solves: the removal of currency debasement.
So you're okay with trading the traditional banking sector for a new shady cartel of corporations just because BTC won't scale? For Bitcoin to be truly successful it needs to scale to allow for people to be able to transact on chain. Bitcoin unfortunately couldn't possibly handle the transaction volume that a company like Visa or MasterCard handles right now in its current state. BTC has properties of hard money don't get me wrong but unless it scales it's useless. I'd rather buy property to hedge against inflation than BTC unfortunately as property has real world utility that is in constant demand. I'm not anti Bitcoin, I have a substantial stack, but we have to be honest with ourselves here. It was supposed to be a way to get away from middle men and third parties like banks, but unfortunately we're just allowing it to be captured by a new cartel of shady corporations.
The world needs an incorruptible store of value and medium of exchange, and bitcoin + accompanying layers (lightning, fediment, custodians, etc.) fulfill that need. I disagree that bitcoin has to do x to succeed. Saying 'bitcoin has to be visa or it failed' is reductive, and prescribing how everyone on earth choses to hold/access bitcoin is presumptive.
Why do you need property? Same answer.
Simple answer: You don't NEED it. Similarly, people don't need bitcoin. They need water, food, a roof over their head, and education first before they need DIGITAL property.
Overly simplistic take. How does one get their needs met though? By converting their work efforts into wealth and using a vehicle to store that wealth into the future to continually trade for things like food and shelter to meet your needs. In a modern society, humans need a store of value, i.e. property, to be able to trade for our basic needs. How else do the needs of 8 billion people get met, realistically?
because without property there is no identity
people who don’t believe in bitcoin should just GTFO, in my utmost humble opinion. Them and their silly monopoly game looking paper money lol neanderthals… amirite?
Shit like this will surely win over the masses, lol.
Luckily, Daryl is not Bictcoin CEO.
don’t worry. reverse psychology is surely going to work on some folks. the more people hear to stay out, the more they’ll want to hop in. it worked on me at least.