Dear Crypto & Fiat Bros - An open letter to the confused and dismissive. | dergigi.com
The coin is dead, long live the coin!
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How much would I lose using bitcoin to transfer from domestic bank account to a foreign one, obviously with a FX conversion? Rough percentage.
Because we keep making all time highs and they lash out, having no argument against the most pristine asset in the world.
Math doesn't lie.
We've addressed this before. There are few things "needed" but most people don't want to live in grass huts and living hand to mouth every day. Do you think about things before you post them? Or just type whatever comes into your head that's already been fully explained and makes no sense for you to say?
I should make a counter on how many things you get wrong. Bad money, printable money, is the reason why we have things we enjoy?
Again, you are breaking records for stating things that are clearly wrong to anyone who thinks. At all.
Another tally for the counter. Cash is so king that the number of dollars you need to buy a BTC, or sat, keeps going up? What a king, worth less and less over time. Hmmmm, seems like someone on this thread, or many, have tried to tell you this OVER and OVER.
It IS money, thus can't have one. And that premium is what we are seeing priced in real time, and will continue to see that pricing for the next 10-20 years.
If you don't own it while the pricing goes on, you'll benefit less over time by not taking advantage of the ignorance and lack of vision of others. That's how all investing works, by the way.
0% with strike...you can send in one currency to another strike account in a foreign country from fiat to fiat, no conversion is necessary (it is instantaneously converted to bitcoin, sent on the network, and re-converted to local fiat, with no fee)
Strike works like paypal in cross border transactions but much faster with essentially no fees
now if you want to buy bitcoin, send it to another person who then sells it for local fiat a 1% conversion fee each time is about average. keep in mind if it is a 3rd world currency it will be converted at the free market rate, not the governments claimed "official" rate
Bloomberg terminal now denominates bitcoin in millions
That might be the best "why Bitcoin?" explainer I've encountered. Definitely worth the read.View attachment 22403
Dear Crypto & Fiat Bros - An open letter to the confused and dismissive. | dergigi.com
The coin is dead, long live the coin!
No experience with them - it depends on what you are trying to do.
Buy bitcoin? Strike or River
Bitcoin self directed IRA? Unchained
Bitcoin collaterlized loans? Ledn or Strike
Buy grow capital use it to get loans fiat.
Dear Crypto & Fiat Bros - An open letter to the confused and dismissive. | dergigi.com
The coin is dead, long live the coin!
Try to imagine the modern world without the following: fire, the number zero, the wheel, the printing press, electricity. With any of these things absent, the world suddenly looks much different.
Now imagine the world without Bitcoin. Does it look any different whatsoever? Can anyone seriously make that claim?
The delusions of the Bitcoin maxis are truly something to behold.
Because the future has not come yet? It’s been 15 years. It will take centuries. Did the first Venetian merchants to use the number 0 envision calculus, relativity or computing? Did the first cave men to use fire imagine cars with internal combustion engines, or rockets taking men to the moon?
Bitcoin is just the foundation, the spark. What is built with it is unknowable until people build it.
It is difficult to imagine what changes will come, only that there will be changes, and they will be profound.
Bitcoin is not in its end state…it’s only just been discovered. Ben Franklin with a glowing key on a kite string. Now what?
I can guess the future - Bitcoin is a truth machine. Bitcoin replaces fiat. Hard money replaces soft money always. It will happen. Printing money to steal from everyone, to feed them garbage goyslop, fund media nudge units, and bomb the world for profit is no longer viable. Taxes and lawfare theft, no longer viable. Coercion and violence, much less profitable. Cooperation, much more profitable.
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Just like the internet, the Trojan horse bitcoin is already inside the walls of every fiat kingdom. It can’t be shut down, it can’t be stopped. The people who use it can’t be stopped, or stolen from. Yes they can be killed, but that gains the killer nothing. The only way to get it is cooperation. Force will yield nothing at all. Governments that fight bitcoin, and insist on their fiat slave tokens will wither and die as their currencies collapse into nothing.
It's equally difficult to imagine that a distributed ledger internet protocol designed in 2009 will be relevant ten or twenty years from now, much less hundreds. All of those other inventions/discoveries were improved upon substantially over time (even the use of fire and the number zero), but Bitcoin, by its design and your admission, is immutable. Immutability and longevity do not go hand in hand.
Maxis like to claim that Bitcoin is based on math, or physics, or the fundamental laws of the universe. The truth is much more basic and embarrassing: Bitcoin is based simply on human belief. It's a popularity token, nothing more. And since Bitcoin is incapable of changing (without being forked - which defeats the purpose and robs it of all of its touted virtues) it will eventually fall out of favor as new technologies emerge and people become excited by other ways of making money. Bitcoin is a multiplayer game that a subset of 20-40 year old men play because they think it's going to make them fabulously rich. That's all it is and all it will ever be. Everything else written about Bitcoin is sales copy.
How are those things exclusive? Gravity and the speed of light are immutable and still around.
Yes. A genetic mutation that swept Cro-magnon man, to find collectibles like seashells and shiny things that other men would also want. A penchant for collecting otherwise useless items that allowed our ancestors to cooperate in groups larger than Dunbar’s Number, outcompeting Neanderthals and eliminating their kind from the gene pool. Money is belief. That is all it is - there is no intrinsic value, no “other use case”. It is valued because someone else will value it for its utility and value as money - not as emergency toilet paper or decoration.
Shelling Out: The Origins of Money | Satoshi Nakamoto Institute
Advancing and preserving bitcoin knowledge
Yes it can be changed, and forcked, and still be bitcoin. If enough people agree that a forck is in their interest, they will use it. Linux has been updated thousands of times, and it is still working 40 years later on phones, routers, computers, thermostats, and myriad other devices. TCP/IP…still working. Absolute scarcity can only be discovered once. There won’t be another bitcoin - the bitcoin we already have will be changed to suit.
It will be an internet protocol that is still relevant in the same way that email is an internet protocol invented in the 1970s that is still relevant 50 years later.
We've officially moved from comparing Bitcoin to fire, electricity, and the printing press to gravity and the speed of light. What's next, retconning Bitcoin into the creation story alongside Adam and Eve?
Tell that to the Bitcoin Cash advocates.
And lo and behold, the relevance and usefulness of email has been steadily declining over the past two decades as alternative technologies have eclipsed it (smartphones and a myriad of social media apps/sites). Oh, and how's your landline telephone doing these days? That was once a universal and indispensable network that literally underpinned the global economy. Now it's an afterthought, a relic. The network effect is extremely powerful and seems insurmountable - until it isn't.
Bitcoin is a lie machine.
No it doesn't.
See what is happening here? Anybody can say anything about anything.
You can't prove anything yet keep denying the fact that 8.1 billion humans will accept the US dollar as payment and only 100 million humans accept bitcoin. The numbers don't lie yet btc bros refute them anyhow with "Muh, slaves," and "Meh, the future."
In addition, you can never seem to square that part of the NWO JQ plan is a cashless society and that bitcoin is helping to usher that in. Furthermore, you can't seem to square that bitcoin was supposed to be some off-grid underground movement that bypassed government controls yet you are continually cheering for the fact that governments and large financial institutions are adopting bitcoin.
Nothing makes sense with bitcoin and there are continually new "updates" about the ever shifting goal posts of bitcoin "information." Again, this is a feature not a bug, because the more complicated (((they))) can make a financial instrument the easier it is to confuse normies and scam them out of their hard earned cash with the promise of future gains. Sometimes those future gains materialize, sometimes not. Either way, "investing" in any form of monetary instrument is gambling and should be decried, not cheered on as some form of "truth machine."