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I get it I get it … but I think this is overblown. To me it is much more likely that you fuck up personal custody (lose seed, etc) than the government taking your bitcoin via a central entity (etf) for older (let’s be honest richer) westerners … the etf is the right solution

I totally agree with you. Bitcoin is new and very different then current national currencies and historical reserve currencies.

Also … I don’t think any “normal” person will transact in small amount on the bitcoin L1 in the future. It’s equivalent to using a bank wire to pay for groceries.

well you know that block fees are higher now then ever (thanks to ordinals). Miners get the block subsidy (new bitcoin) and fees when they win a block. Fees are already higher then the block subsidy. point is IF a sustainable fee market develops on bitcoin, which I admit, is still an open...

I am a bitcoin bull but I think bitcoin is many years away from truely being a unit of account (or a widely used medium of exchange for the matter). And that’s ok!

If people are so worried about this made up problem then just buy regular bitcoin

Amen to that my brotha

This is you

Bitcoin 15 short years: An asset worth over 800 billion USD (from an anonymous fucking white paper) Legal tender in 2 countries Corporations holding it on their balance sheet Financial products based around it (with the biggest of them all coming now, a US spot ETF) 10s of millions of...

it’s just like tulips! Except it crashed over 75% 5 times, came back every time, has had triple digit annualized returns for over a decade with a sharpe of over 1. so actually nothing like the tulips at all lol.

It was in the 100s … up from cents! Percentage change matters not absolute level you know this.

why would a criminal make a permanent record of a transaction that will forever sit on anybody’s computer that runs the bitcoin software? Use ur head

hard to know where to start here. it was always the case that the core layer one bitcoin blockchain would not be used primarily for everyday transactions. It’s similar to the fact that we don’t use Fedwire to buy coffee, why the hell would you do that. It was always going to be the case that a...

bitcoin is the worst thing to possibly use if you are a criminal. Get a clue

OK I will bite. I understand very well technically exactly how the bitcoin block chain works, why do you say it is a complete joke?

1%??? You obviously have no conviction then. Why only do 1%? So let’s call BTC @ 40k right now … if it goes to 20k your account makes just 1%? Even if it goes to 10k (ya right) you only make 4% What is this, shorting for ants??

As a bonus, if you just buy some maybe you won’t be so bitter ya know?

It’s very amusing to see smart people (I have no doubt you are smart) overthinking themselves into missing great trades/assets. Maybe just buy some in case you are wrong (which objectively you have been)

you don’t see the irony in the fact that bitcoin alleviates all of these concerns? Bitcoin is completely traceable, there can be no funny games played at all, since everything is on chain. Same reason why it’s a terrible thing for criminals to use. Plus, the supply is known to the decimal. It...

what? Bitcoin when to 15k and they didn’t go bankrupt, what are you talking about?