Unlike Fiat Currency, Bitcoin, and blockchain in general, adds value to the global economy.
2 Likes
Bitcoin scarcity and value increase by time as much more people understand the protocol behind it as it is immutable, decentralized, 21m of coins will ever exist, store of value.
the price of bitcoin is volatile as it is facing major criticism, war from the fiat party and greed.
bitcoin is still in the phase of price discovery. Once it gets to its true value, it wille stabilize to be a perfect store of value.
2 Likes
This meme reflects the fact that fiat currency has no intrinsic value.
2 Likes
This gif best represents my feelings towards the monetary policy of the Fed
https://media.giphy.com/media/l3V0uQ0CwkKUZPj44/giphy.gif
Dollar Value
Government debt is increasing at unprecedented rates around the world. Overspending and money printing is the cause and it is not going to stop. Fortunately, a hero has emerged: Bitcoin!
https://cdn.coindoo.com/2020/06/image-1.png
https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRUcXs-mgCOu57PTVeIEb6QFIAi2BWEKn1HSw&usqp=CAU
As with Caesar over taxed the people of Rome. Governments are taxing its people with a silent tax in addition to income tax. This silent tax is inflation.
1 Like
I first got into Blockchain and Bitcoin in 2018 after years of hearing terms like Bitcoin and cryptocurrency but not really understanding what it was, wish I had learned about it sooner. The first time I had heard about it was when reading about the Silk Road marketplace which fed into the myth that only criminals dealt with Bitcoin. I do recognize now that the next great opportunities are happening now.
2 Likes
This meme, represents one of the main features of BTC. Decentralization and absence of middle men.
You own your BTCs and only you can access to them by the means of the public and private key play. No state or central institution can ever seize your money unless they have your private key and that could even be in a cold wallet not connected to the internet. Nobody can access your BTCs but yourself.
Proof of work - The meme effectively relays the sentiment that the proof of work concept is indeed not “net” wasteful, when looked at conceptually and even realistically. Although it has an extremely highly energy usage rate, the whole concept creates a secure and extremely profitable economic ecosystem that is creating opportunity, jobs and wealth for a segment of the world population previously left out of the economic conversation.
1 Like
The perception is that Bitcoin is 'free money and costs nothing to produce is a fallacy. It requires hard work to mine and then transact
Loved the article on the platypus, Bitcoin is being treated like any other financial asset. Those who judge its behavior will get wrecked… Its a new asset class that will be understood by the old school financial illiterates when it’s already too late.
The obvious reference to gold indicates its a store of value. As he is wearing so much of it indicates that it is portable. The fact that he’s in it for the technology indicates it will eventually become relatively stable.
1 Like
It takes a while to get used to the volatility ^. So right now I think many people are feeling a lot of stress holding a lot of bitcoin and watch it constantly hit new ATHs and then have a slight correction. However the volatility will decrease once the future of bitcoin doesn’t feel so uncertain to so many and more corporations join the party.
This one is gold…especialy would be good advice when I started trading…woshhhh hahaha
1 Like