You’re embarrassing yourself. If you want to gaslight yourself into that statement after it’s been laid out ad nauseum you’re just looking for an excuse to explain why you’ve continued to be financially stupid (outside of bitcoin) your entire life
Lol. I think yall embarrassing yourselves with all your high minded notions about BTC and talks about civilizations. It’s just so easily dismissed. What I’ve noticed about your type it’s more ideological/political. Buy low and sell high BTC. But don’t pretend BTC actually does anything or solve anything.
I got out of crypto a while back, bad move. you sound incredibly buthurt. Did she leave you for a dude hodling more than you? Let it out
Lol. You seem projection personified. I’m sure you are better off without her or him… I keep rubbing together two dimes and making a quarter year after year. Can’t be sweating every get rich quick scheme you don’t participate in. Let me know if you want to discuss/debate whatever it is BTC is supposed to do or solve.
Sound money does not preclude people from buying what they need or want. You can convert your stored value into a currency whenever you need. 1) External forces affect shitty money. Bitcoin doesn't care, which is why it's objectively better. 2) Money should be rigid. Give me one good reason why it shouldn't be?
I literally didn’t say that… You should look into the definition of that word. The influence of climatic change on the Late Bronze Age Collapse and the Greek Dark Ages https://www.sciencedirect.com/science/article/abs/pii/S0305440312000416 As far as the Roman Empire: How Climate Change and Plague Helped Bring Down the Roman Empire https://www.smithsonianmag.com/scie...hange-and-disease-helped-fall-rome-180967591/ At any rate, I don’t see how something rigid like BTC would have helped.
But the two are connected. You have to pretend BTC solves something and everything for it to keep going higher. Thats where Donny and others come in. Let them preach. I buy without believing. I sell when it's high enough or outgrows my investment risk.
Bitcoin solved the Byzantine General's problem. The Byzantine General's problem is what has forced us to use either centralized parties (i.e. banks and fiat) or commodities for money throughout history, both of which are terribly flawed. Humans have searched and struggled for ways to store value for millennia. It's critical technology which society is built upon. Now we finally have an asset that cannot be corrupted or destroyed you can custody without permission and transport at the speed of light across the world with no counterparty risk or interference. That is money perfected. That is a big ****ing deal.
Just not my investing style. I realized sometime ago that I just wasn’t the type of person to day trade or put money into things I don’t understand/believe in. I find playing three card poker in the casinos more enjoyable if I just wanted to gamble.
So your sound money requires sound currency? External forces affect all money, even BTC isn’t immune from supply and demand. I would argue the flexibility of modern money allowed the rapid rise of global modernization.
Ideally the currency would be sound, doesn't have to be though. Bitcoin is indeed immune from supply manipulation and is also unresponsive to changes in demand. The supply schedule and total are fixed. The valuation may change, but that's not a function of bitcoin's supply changing, unlike what you see with inferior assets. That flexibility you speak of is not necessary when you have a money that is infinitely divisible like Btc.
….its volatility is directly due to demand. Easy to say when everything you know and hold dear is built on flexible modern money.
You're talking about variations in worth/price. Yes, everything's price is variable. That is not profound or remarkable. There was a time when 'everything you know' was built on fire, horses, bloodletting, etc. New technology supplants the old as it always has.
Of course it is… that assigns it value despite your semantics. Likewise, you have your own disclaimer regarding BTC and how to “store” which is pretty much just general investing advice. Useful technology supplants the old. Can’t supplant much sitting under a digital wallet.
My "semantics" aren't talking about market price. What are you talking about? The vast, vast majority of the world's capital is sitting in things like equities, real estate, commodities, etc. All of the monetary premium in those value stores is being sapped away by bitcoin.
