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This is a great argument if the world has two settings: 1. Everything stays exactly the same forever, or 2. The U.S. suffers a total system-wide collapse where the entire internet and payment rails are taken offline. But those aren’t the scenarios most Bitcoin holders are talking about. The...

The 200-day moving averages are based on different data sets?

Yeah, but the thing is, Bitcoin Cash isn't Bitcoin. It's not any more bitcoin than, say, Ethereum is. Since 2017, it’s been a separate blockchain with its own rules, miners, nodes, and ledger. I get why you would want to use something other than Bitcoin for every day monetary transactions...

https://visitpago.com/legend-of-the-lost-gold-of-dents-run/ The find would be worth about 175 million at today's prices.

Just giving you a hard time. Besides, I'm just happy we got you to acknowledge that BTC is a superior store of value. Frankly, that's as far as I'm willing to go myself. I've said on here many times I'm not sure that BTC is ever going to be "everyday money"- but I don't think it needs to be...

Tell chat gpt to make its answers more concise 😄

So funny, you're practically quoting Lyn Alden's broken money theory here. You just haven't made the last step to understanding why (based on what you yourself have said) btc is a superior store of value. To be fair it take some really smart people a long time to come around, but almost...

Me too- but they get a surprising number of things right. To an extent, it tracks that a system that makes people literally put their money where their mouth is would be more reliable than the typical talking heads, who can just push whatever narrative they want without real consequences for...

BTC bucking QQQ and following gold so far today. Going to guess it's bc the QQQ drop is being largely driven by govt shutdown fears and BTC is sovereign resistant

I mentioned Lyn Alden, she takes it one step further. Alden argues that money is ultimately an accounting system; a ledger that tracks who owes what to whom. In primitive economies, this ledger was mental or social (“I gave you a goat, you owe me a favor”). With the rise of markets, that...

Since we are on the topic, going to throw this out there: https://www.amazon.com/Broken-Money-Financial-System-Failing/dp/B0CG83QBJ6 Strong recommend. One of the best non-fiction books ive read in years. You don’t have to like BTC to enjoy it, either.

Going to say this one last thing. Happy to continue the conversation after this, but i think we should move it to the crypto thread: The idea that “Bitcoin can be restricted by governments” is true, but it’s even more true of fiat, because fiat doesn’t exist without government permission in the...

Double post

Played PF1 extensively and every version of dnd out there. Was thinking of trying PF2 myself and watched this. Found it pretty damn insightful

Ok so it sounds like our real argument is: I think BTC is sovereign resistant but not sovereign immune, and that it doesn't need to be immune to be a better currency than fiat. You think it's not sovereign resistant, and therefore it's not better than fiat. Fair?

Going to stop you right there. That's not my quote and that's not what I mean. Go back and look again. Stop changing the words in my quote lol. Dick move. Here you go, my original quote: "Because bitcoin is decentralized, it is largely beyond the reach of government manipulation." See the...

The whole "but what if the government bans it" argument has been around forever, so it's not surprising to see it, but if you're paying even a little bit of attention to the news it has never been less relevant

Don't want to get into a retarded argument, but fwiw I'm not shifting goal posts. Look back at what I said- I said BTC was "largely beyond the reach of government manipulation." What I mean is (unlike fiat), BTC is immune to a lot of the fuckery that governments can do with the fiat-based...

If your argument is that the US government is powerful enough to make pretty much any store of value useless if they want to- sure i 💯 agree. What i meant when i said it was largely beyond the reach of govt manipulation was that it records every transaction on an immutable public ledger that...

The Bitcoin blockchain is maintained by tens of thousands of nodes in more than 100 countries. It doesn’t depend on Coinbase (or any single company) to function. Not saying a government couldn't disrupt btc price action or prevent certain people from accessing their btc, but the likelihood of...

Because bitcoin is decentralized, it is largely beyond the reach of government manipulation. Because there is a hard-coded finite supply of bitcoin, it can't be inflated. Because bitcoin exists in the electronic medium, it is much easier to move and store than gold. Because of all those...

Think youre missing the point. It *is* decentralized. As far as being detached from fiat currency and the stockmarket, the selling point for BTC is that it seeks to be so. I don't think Satoshi ever suggested it had achieved that goal. Like I said, im sure you could come up with some random...

Ive never seen anyone outside Twitter crypto bot accounts say anything that stupid.

I mean 300x fwd PE is kind of hard to ignore. Just like before, Burry isn't wrong, it's just a question of timing.

Despite BTC's strides towards recognition as an inflation hedge, it still fundamentally behaves closer to a Nasdaq listing than it does to gold. In that regard, it continues to function as something of a leading indicator of tech pain (and gain).

Such a joke at this point.

Having kind of a similar conversation with my mom. Ive gotten her to grasp the issues with keeping all of her savings in usd, but she (reasonably) wants to understand btc better before she invests.

FWIW, I actually think self custody is a pretty big deal and that's one reason I chose fbtc.

Nothingstopsthistrain.gif Interesting the poster didn't mention BTC. I guess he was limiting his life rafts to actual physical assets: gold, silver, property, etc., but i wonder why? Unless he thinks we are going to undergo a societal collapse and toally lose the ability to power computers...

IMO it's also worth considering the cost of housing in relation to bitcoin: That pic is obviously old. That 2024 house would now only cost about 4 BTC.

As Lyn Alden likes to say...

I didn't say total self-sufficiency couldn't be done. I wasn't even saying it couldn't be done quickly. If you're ok with going back to the Dark Ages, you could do it overnight. The US absolutely has the capability to become a completely self-sufficient medieval country right now. All you...

Back when everyone was first talking about the whole "onshoring" idea, I liked the concept until I read a few articles about what it would take and how it would actually work out. The takeaway was that it's literally impossible as things stand now. Our entire society is so fundamentally...

Nada. I mean im almost entirely in BTC, silver, gold, and a few miscellaneous things. Took a hit with BTC like everyone but nothing realized. And im not stupid enough to sell and realize it. It will be right back up at ath soon. The thing about the current scam is that it's super...

So much rampant insider trading bullshit going on now. Corruption through the roof.

Not sure how it can be a prequel to IT if it begins in the 1960's, considering the story for the original novel began in the 1950's. That said, if you read the book there is a ton of room for other IT stories: the trapper, the Black Spot, the shootout. But AFAIK, nothing happened in Derry in...

I keep hearing rumors about things like "a US Gold backed 50y treasury bond." Would also be curious as to why you think Mag 7 isn't a safe haven? Not saying I disagree- just curious about your logic.

I actually agree with you, but tbf, "nothing" is exactly what they have been doing to this point. But I agree, it isn't sustainable, and all the signs of a sea change are there.

Fair enough. I guess I probably treat btc a little differently than I treat pretty much any other investment. I have other crypto holdings im 💯 going to take profit from, just not btc.

I've had the same thought sometimes but always end up dismissing it. Imo taking profit makes sense if: 1. You have a specific purpose for the profit you take- like a house down-payment . 2. If you think BTC is going to crash near term. Neither apply to me, so I always just hold onto my BTC...