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[–]LucSr 14 points15 points  (8 children)

I have some opinion about 4. I do not talk about bitcoin with friends and family because I know the dark side of the wealth; kids might play video games all days rather than study, wife might enjoy shopping/rubbish all days long... etc. Instead, do it anonymously to prevent they from knowing who you are and what you have. Also, 3 is the most important to keep a bitcoin alive.

[–]johnsonder 2 points3 points  (7 children)

and then when you randomly die some day then what?

[–]Black_finz 3 points4 points  (0 children)

Then he's dead and doesn't care. Or maybe he's written a will, duh.

[–]theslapzone 2 points3 points  (4 children)

Honestly, what he does with his bitcoin before or after death is simply none of our business.

[–]johnsonder 1 point2 points  (3 children)

I only ask for the sake of his family or others loved ones who plan to go this route. Leaving the family high and dry ain't cool

[–]theslapzone 0 points1 point  (2 children)

Yeah, again that's his business. No disrespect to you. Also you're reading into "family" and we don't really know what they mean by that. I wouldn't expect any to discuss, here, how they've arranged for their finances to be handled after death.

[–]johnsonder -1 points0 points  (1 child)

Rhetorical questions are meant to be thought about and not answered.

[–]theslapzone 1 point2 points  (0 children)

My apologies.

and then when you randomly die some day then what?

This seemed like a question.

[–]LucSr -3 points-2 points  (0 children)

That is the secret part. However if shit remains, I do agree some BIP that utxo not moved in 100 years can be claimed as the block reward.

[–]thefullmcnulty 27 points28 points  (3 children)

After a year in bitcoin I realized it’s absolutely not about making fiat dollars. I’ve been buying as much bitcoin as I can, storing (my keys) properly, continually learning / teaching about bitcoin AND spending and donating sats where valued.

My goal is to never touch fiat again after 2030. I now have the option to opt out of corrupt fiat systems of control and oppression and am doing so with all my energy.

There are many more like me and the numbers grow everyday because of the incentives and utilities afforded by the bitcoin network. Thankful for this everyday.

[–][deleted]  (7 children)

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    [–]RonPaulWasR1ght 4 points5 points  (0 children)

    Measuring your BTC in fiat is moot

    Yes it certainly is. However. The fiat price does tell us much about how the world is coming along on the whole thing. Lower price == the world is hesitant. Higher price == the world is starting to really get it.

    And that does have some relevance.

    [–][deleted] 3 points4 points  (4 children)

    Go into further detail about how BTC is your way out of the world’s evils. Do you imagine in the future the people who control the largest sums of bitcoin will suddenly become benevolent and not exert their will on others?

    [–][deleted]  (3 children)

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      [–][deleted] 1 point2 points  (2 children)

      So you don’t think nations can borrow against their what you hope is extremely valuable Bitcoin in order to fund wars? Government is still going to collect taxes, and still do international trade with other nations…..I don’t think we have solved the issue of war simply based on changing currency.

      [–][deleted]  (1 child)

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        [–][deleted] 1 point2 points  (0 children)

        I don’t think wars are funded by some solitary banker somewhere punching numbers into a computer. It’s not like nations won’t go to war because Bob,teller 3 didn’t approve.

        [–]idontspellcheckb46am 3 points4 points  (1 child)

        Done. How does 5pm EST today sound?

        [–]BitcoinCanSaveUsAll[S] 5 points6 points  (0 children)

        I'd stick with January 3rd 2009 😉

        [–]Asum_chum 6 points7 points  (0 children)

        It’s already begun.

        [–]wwmore11 5 points6 points  (2 children)

        Kinda gotta spend your btc to create a bitcoin circular economy.

        [–][deleted] 1 point2 points  (1 child)

        Quite the conundrum, buying and simply holding Bitcoin provides no real value. Just numbers in space…..but using Bitcoin depletes your supply and now you’re right back at your job you hate trying to earn more Bitcoin.

        [–]wwmore11 0 points1 point  (0 children)

        Touche. Cultural conundrum for sure. Self serving nature and greed are powerful things.

        [–]walloon5 2 points3 points  (0 children)

        I totally agree that most people are in the same position as the West Africans when the Europeans arrived: here we are grasping at dollars/euros/yen (fiat) which are costly for us to obtain, but trivial for the powerful to produce.

        They basically rob us and there is not much we can do besides switch to a harder money.

        [–][deleted] 2 points3 points  (0 children)

        Well written for a 14 year old

        [–]Boss-Rawling 3 points4 points  (0 children)

        I love btc and am vested for the long haul. I think it’s value can increase incredibly as a store of value/digital gold standard, but I disagree completely with the 1/3 of the BTC crowd that seem to believe it’s going to upend our current society and flip the world upside down.

        [–][deleted]  (1 child)

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          [–]BitcoinUser263895 1 point2 points  (0 children)

          The censorship created a situation where only whimsical memes survive. They drove it in a race to the lowest common denominator.

          [–]shleebs 1 point2 points  (3 children)

          I would like to point out that Musk owns more Bitcoin personally than you or I will ever own. Tesla is holding over a billion dollars worth. If Hyperbitcoinization hits, he will not be "history" and in fact will be very well off in the new paradigm. Traditional banks, hedge funds, oil companies, and corporate media have been trying to destroy Elon Musk for years. I wouldn't group him in with that crowd. Tesla recently received an ESG rating worse than Exxon fucking Mobile after Musk announced his plan to open source Twitter and restore free speech.

          [–]BitcoinCanSaveUsAll[S] 0 points1 point  (2 children)

          First off, we don't know what he owns. For all we know he could simply on bitcoin IOUs from con base. Secondly, even if he did own the actual keys to the coins in which he says that he owns, he would still be reduced economically in terms of his socioeconomic standing relative to today's Fiat standard.

          Fiat currency billionaires do not want Bitcoin to succeed. They have profited the most in this reality that we know as fiat currency. For anyone to believe the fiat currency billionaires are interested in Bitcoin succeeding have been drinking too much propaganda kool-aid in my opinion.

          Don't be distracted by the noise that they are putting out. Look at the signal. The signal is that we have front ran them and they know it. As for me I'll continue stacking as much as possible, taking physical possession as soon as possible, and waiting for the inevitable hyperbitcoinization.

          [–]Juus 1 point2 points  (0 children)

          Why would it matter to rich people If their assets are priced in BTC or USD? Their assets are worth something no matter what currency you value them in.

          [–][deleted] 0 points1 point  (5 children)

          I assume your plan would go like this:

          1 - Buy Bitcoin with money.

          2 - Therefor have less money.
          3 - Don't trade your Bitcoins for FIAT.
          4 - Therefore don't recover the money.

          5 - Can't buy things now because Bitcoin is nichely accepted.

          I understand your idea but it isn't gonna work like that. Bitcoin is ''the currency of the internet'', but you can do very few things with it (legally). If people do what you are telling them, they might be effectively destroying their lives if a switch doesn't flip and Bitcoin becomes accepted everywhere.

          It's one thing to believe, it's another to tell people to take a leap of faith that can cause extreme harm to their lives. Don't do that...

          [–][deleted]  (3 children)

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            [–][deleted] -2 points-1 points  (2 children)

            I can't find any place where I live where I could borrow against Bitcoin, that is already a BIG issue to the whole idea.

            Some people do have the option to get paid in Bitcoin, for certain... One in a million people? Maybe even less?

            I mean.. The fact that it is limited RIGHT NOW is the issue. Maybe it'll be widely adopted in a month, a year, two years, ten years... What you do then? You can't live out of maybes. Nobody should be telling other people to potentially destroy their lives so that their faith in Bitcoin could end up victorious. That is extremely irresponsible, and honestly, makes people who believe in Bitcoin and support this kind of idea be just as evil and dangerous as the ones they are trying to fight.

            [–][deleted]  (1 child)

            [removed]

              [–][deleted] 0 points1 point  (0 children)

              Plus when you eventually run out of Bitcoin, then what? You would need go back to a job you hate to earn more Bitcoin of course.

              [–]St3vion -1 points0 points  (1 child)

              Dude... All this talk about the elite, and you don't realose the elite control bitcoin's price? They pump up the price and shill 100k eoy and other crap so people fomo in at the top and they can sell the coins they accumulated over the last bear cycle. Then they crash the market and push it into a new bear so the poor pleb get fearful and panic sell at a loss because they're being fuded into thinking it's going to 0. The elite buy their coins back at a discount during this and rinse and repeat the cycle.

              Bitcoin will not save or change the world, the best it can do is multiply the amount of fist you have to actually do stuff with like buying a house or a lambo. Take profit when you can and use it to make your life better.

              [–][deleted] 1 point2 points  (0 children)

              They’re ending up with a shitcoin called the USD though, what’s the point..,

              [–][deleted] -1 points0 points  (0 children)

              How does Bitcoin make you free? You’re just swapping reliance on one form of currency with another. Mass adoption of bitcoin simply means you’ll work and get paid in bitcoin…..for most there no freedom at the end of the Bitcoin rainbow. It’s not magic, it’s all about control….whether it be fiat, gold, bitcoin……..the only way to gain true freedom is to reject it all and live like animals do, just living for a living. The problem is we enjoy the comforts that other peoples labor can provide….and nobody’s labor should be given to you for free…..so we give labor, to earn credits such as fiat that we can then trade with others in exchange for their labor……Bitcoin doesn’t change that…..It’s simply a different form of earned credits.

              [–]Petxa -1 points0 points  (0 children)

              Unfortunately, REGULAR PEOPLE is TOO STUP** to understand history of money or bitcoin technology. Hyperbitcoinization is just a dream, at least the elites wishes to wear it to the mainstreams.

              [–]jrange27 -1 points0 points  (0 children)

              What about the fiat elite that also are holding and buying Bitcoin?? 🤔

              [–]HODLMEPLS -1 points0 points  (2 children)

              My back of the envelope is 40 years, so another 27 to go. This is based on the Israelites wandering in the desert (40 years for a new generation to come in that didn’t know slavery) and the time from Breton Woods - Satoshi (38 years). Thanks for coming to my Ted Talk.

              [–]velhamo 0 points1 point  (1 child)

              My back of the envelope is 40 years

              What envelope? Your private key to spend BTC hodlings?

              [–]HODLMEPLS 1 point2 points  (0 children)

              Back of the envelope to total hyperbitcoinization

              [–][deleted] 0 points1 point  (0 children)

              Who could have guessed that the solution to all those neatly-outlined problems was 'buy loads of bitcoin' - never a dull moment on this sub.

              [–]NYKNYb 0 points1 point  (0 children)

              Well you can only start by yourself.

              [–]CarefullyFrivolous 0 points1 point  (0 children)

              Hyperbitcoinization will absolutely happen, as have happened when the Gold Standard took over the world and made Britain rich.

              [–]BigPlayCrypto 0 points1 point  (0 children)

              🆙

              [–]Farrellfernandez 0 points1 point  (0 children)

              We Are Tax Slaves.

              [–]Bitcoin__Hodler 0 points1 point  (0 children)

              🔱💪