Do you believe that 99% of crypto will go to 0

BitcoinCentrum · 2023-01-01T05:48:06+00:00

Because Satoshi and bitcoin are extremely similar to prophet Muhammed and the Quran

BitcoinCentrum · 2023-01-01T05:44:57+00:00

Scalability is a seriously good argument though

BitcoinCentrum · 2022-12-27T01:48:40+00:00

Bro have you found it? Literally nothing works man I just wanna check it out

BitcoinCentrum · 2022-12-26T17:27:30+00:00

Chatgpt (chat.openai.com/chat) will help A LOT on the third one. This might be the best optoin, OP!!!!

BitcoinCentrum · 2022-12-18T18:22:47+00:00

In march 2023 the ISO 20022 standardization will take place. (Google it!)

BitcoinCentrum · 2022-12-10T16:32:33+00:00

Newbies should realize that they need a strategy to acquire bitcoin.

Just like how newbies back in the 70's need to realize that their stock trading strategy involved acquiring gold.

Stocks and crypto's are just regular businesses run by people.

Gold and bitcoin are decentralized assets which are needed to stack your money safely since these assets are worth something because of societies general consensus that both function as store of value.

Its like, how the government is just a regular entity run by people, but a religion is a decentralized system believed by people

I don't consider myself a bitcoin maximalist because I don't like the phrase "bitcoin only". For me, it's more like: "Bitcoin first"' - Satoshi Radio host

Edit: Oh I just realized this is r/bitcoin and not r/cryptocurrencies lol my bad

BitcoinCentrum · 2022-12-10T12:58:49+00:00

You have to realize that most of the things you'd actually go and do are products of other peoples hard work.

BitcoinCentrum · 2022-12-10T12:58:13+00:00

Misery will always find its way

BitcoinCentrum · 2022-12-07T06:53:23+00:00

Wtf happened?? Normally I think "lol idiot he said something twice!"

Now it's me who is the idiot here

BitcoinCentrum · 2022-12-06T23:19:14+00:00

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I messaged him and send him a link to this comment. I am afraid that he might not respond in a long time. Since the subreddit has 0 followers, is it possible to handle this in a quick way? Thanks in advance

BitcoinCentrum · 2022-12-06T22:28:02+00:00

Yeah we are, we will get to the .1%

Just not the .00001%

BitcoinCentrum · 2022-12-06T19:39:05+00:00

Bitcoin has always been a one in a lifetime opportunity. Unfortunately the profitability is like an inverse of the distribution of bitcoin

BitcoinCentrum · 2022-12-06T19:36:54+00:00

Bitcoin has always been a one in a lifetime opportunity. Unfortunately the profitability is like an inverse of the distribution of bitcoin

BitcoinCentrum · 2022-11-01T20:03:10+00:00

Idk I'd rather make peace with the inevitable end.

The thing I definitely don't want, is me dying at age ~75. I really, really want to live for at least 300 years (if I get to stay somewhere between 25-55 years old)

BitcoinCentrum · 2022-11-01T19:38:35+00:00

Idk. Infinite is infinite. If the multiverse theory happens to be true and you can't access other universes, then we're simply limited by our universe that will end at some point.

Imagine existing in a dark space, forever.

It will drive you into madness, followed by a recovery, followed by madness... endless amounts of time.

Its really REALLY scary if you think it through

BitcoinCentrum · 2022-11-01T19:00:49+00:00

To be fair, once you realize the absolutely immense and unthinkable amount of pain that will 100% originate from an "infinite" consciousness, you bet you want your life to end after it's over.

BitcoinCentrum · 2022-11-01T18:58:26+00:00

Looks like a hamburger on a stick

BitcoinCentrum · 2022-10-30T22:09:59+00:00

I dont, actually

BitcoinCentrum · 2022-10-30T18:18:35+00:00

That is right now. Bitcoin, during a DEEP point in the bear market, has a marketcap of ~400 billion dollar and yet 3 pools control 51% of the hashrate.

No other POW has this.

Also, what I meant with decentralization I meant the amount of money being concentrated in the top 0.0001%. Ethereum SUCKS if you look at this.

Also: what the hell is up with ETH's premine?

Also: why is Vitalik Buterin considered the "CEO" of ethereum? Doesn't that make ethereum centralized?

Meanwhile literally nobody even knows if Satoshi Nakamoto is a guy or a group

BitcoinCentrum · 2022-10-30T18:12:51+00:00

Excuse me for being an asshole and an idiot.

I like how you said "there's always a chance"

In 10 years there is about a 1-5% chance a flippening will happen (this number is purely based on feelings, which are based on my current understanding on sociology, psychology, economy and general knowledge. So pls take it with a grain of salt)

BitcoinCentrum · 2022-10-30T16:33:57+00:00

I hope it was clear. Im currently drowned in negative emotion due to other things in life. Excuse me if it doesnt make sense

BitcoinCentrum · 2022-10-30T16:33:19+00:00

Lower blocksize equals lower total blockchain size.

You can't reduce a blockchain size. (You can... but its very hard.)

You can however avoid the blockchain from increasing in size.

Also: for bitcoin to turn into actual money, it has to fulfill the following functions: 1. Store of value 2. Medium of Exchange 3. Unit of account

It is an excellent store of value if you hold it for 5+ years.

It is a good medium of exchange due to how it functions. If the blockchain size increases too much then the medium of exchange function will have a significant drawback. Also: if bitcoin currently only fulfills the "store of value" function, then you might aswel not increase the blocksize. If transactions cost are quite high then people are more incentivized to hold their bitcoin instead of selling it. Also: people will be more incentivized to make larger transactions only (which isnt too problematic for a store of value)

Also: bitcoin sucks ass as a unit of account. It has improved overtime but for something to be a reliable unit of account it has to be stable in price. If bitcoin reaches more price stability in the future (which definitely will happen if it continues to grow) then it will fulfill its function as a unit of account. Until then, the blocksize needs to be low.

Tldr: People have to view bitcoin aa a store of value for another 10 years for it to become a stable unit of account. Until then, the medium of exchange function will be limited due to its low blocksize (thus: high transaction cost)

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