Is it possible that 2025 was the "bear market"? 
Is it possible that 2025 was the "bear market"?![]()
Electric water heater that mines bitcoin
Bitcoin "mining" is a metaphor for mining gold. There is no physical Bitcoin mine.I’ve got absolutely no idea what “mining” bitcoin means guys?
It is a way to impose a physical cost (electricity) to create new entries on the shared ledger (bitcoin). For the next few decades, the remaining bitcoin that will exist (last 1 million out of 21m) will be paid to miners as a subsidy, since the network is not mature (few users compared to global pop).Thank you.
I was aware that there was no actual “physical” bitcoin, but the whole mining of it left me scratching my head and unfortunately still does.
But the government promotes "economic progress" by stealing from its people, chance!If the government can no longer steal from its people via money printing, and instead has to provide a market good (like security) at a market price to voluntary market participants (bitcoin cannot be taken by force), the Washington parasite class as we know it ceases to exist.
For the same reason goyslop is promoted as healthy and low energy usage is good for the environment…it keeps the slaves dumb, poor, and numb on pharmaceuticals while watching sportsball and Netflix, so they will continue working to support the current “elites.”But the government promotes "economic progress" by stealing from its people, chance!the argument of “governments can’t print bitcoin and therefore will never adopt it”
That would effectively destroy the dollar. The only "asset" that backs the US dollar is government debt.
Pay down the debt, the current system collapses. (which I am OK with, but there is no incentive to do so, even for the CIA -- it would be the end of government as we know it)
If the government can no longer steal from its people via money printing, and instead has to provide a market good (like security) at a market price to voluntary market participants (bitcoin cannot be taken by force), the Washington parasite class as we know it ceases to exist.
I don't think so, if anything, the opposite would happen. The vast majority of people, insurance companies, pensions, would have no money, because banks would have no money. Gold and Bitcoin would be the only money accepted by anyone. But the chance of paying all debt is zero, since it logically can't happen by design.Such a transaction would also crash the value of BTC.
Without the Fiat scam, there would be no incentive to create Bitcoin. The reason it is so widely distributed, with no "insiders" or "foundations" is because nobody expected it to take off the way that it did. Bitcoins were literally given away for free by early miners and fountains on the internet for the first 2 years of its existence. That is the most fair, most equitable way a new monetary system could ever, and can ever be launched -- Bitcoin is the one chance humanity has. There will not be a new Bitcoin or a better one, because it CAN ONLY HAPPEN ONCE.Satoshi is the ultimate whale but I believe he's dead. He died from suicide years ago. While it's easy to respect the power and reach of the CIA, I also think that the idea that the CIA invented BTC is giving them a bit too much credit. So many of these life altering ideas like BTC are partially a result of happenstance where nobody expected it to take off the way that it did.