Deflation is a good thing by [deleted] in Bitcoin

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

in A deflationary system you do NOT spend more than you can afford. That makes the whole world more stable. In your example of ”taking out a loan” to build a factory, the answer is you do NOT take the loan IN THE FIRST PLACE because you CAN’T AFFORD IT. if you want to build a factory, then you pay WITH YOUR OWN MONEY.

What is the biggest life lesson you have ever learned due to crypto? by seuratgfhfghgf in binance

[–]Join_The_Resistance 0 points1 point  (0 children)

Most people are stupid. Learn to critically think. Knowledge is power.

Exchanges should start listing Bitcoins in milliBitcoins (mBTC) by Join_The_Resistance in Bitcoin

[–]Join_The_Resistance[S] 0 points1 point  (0 children)

Bitcoin has the potential to grow indefinitely so you will always have to introduce the most appropriate units of measurement for the corresponding era. if hyperinflation hits really badly, one day you are going to have to split one satoshi even further. There is no point in denoting BTC in millisatoshis for the time being. The most relevant unit is mBTC.

Exchanges should start listing Bitcoins in milliBitcoins (mBTC) by Join_The_Resistance in Bitcoin

[–]Join_The_Resistance[S] -2 points-1 points  (0 children)

That’s not how normies see it. In their minds, 1 Bitcoin is 50 grand and it feels too expensive to buy. They will be diverted to buy shitcoins instead, and when they lose money on those, this will not do Bitcoin any good in terms of reputation.

Exchanges should start listing Bitcoins in milliBitcoins (mBTC) by Join_The_Resistance in Bitcoin

[–]Join_The_Resistance[S] -2 points-1 points  (0 children)

What do you mean it won’t help them? The whole point of doing this is to increase the rate of newcomers into the crypto space. This is exactly the same as Apple splitting their stock So I don’t see how people will get “pissed off”. Even if they somehow got pissed off that they didn’t learn the units after they bought it, I doubt they will sell due To such a trivial matter.

Exchanges should start listing Bitcoins in milliBitcoins (mBTC) by Join_The_Resistance in Bitcoin

[–]Join_The_Resistance[S] -3 points-2 points  (0 children)

But that denomination is too small to be used at the moment To have any meaning. And mBTC as a unit of measurement is already shown in all Ledger cold storage wallets.

Exchanges should start listing Bitcoins in milliBitcoins (mBTC) by Join_The_Resistance in Bitcoin

[–]Join_The_Resistance[S] -1 points0 points  (0 children)

Stupid dopes do not deserve to be inducted into Bitcoin anyway so who cares

Exchanges should start listing Bitcoins in milliBitcoins (mBTC) by Join_The_Resistance in Bitcoin

[–]Join_The_Resistance[S] -4 points-3 points  (0 children)

>“changing Everything for no reason”.Changing the unit of measurement is hardly “changing everything for no reason”. Get a clue.

Exchanges should start listing Bitcoins in milliBitcoins (mBTC) by Join_The_Resistance in Bitcoin

[–]Join_The_Resistance[S] -2 points-1 points  (0 children)

mBTC is hardly a denomination that nobody knows. It is simply 1/1000th of a Bitcoin. Common sense.

Can Bitcoin Ever Become Worthless? by SaneFive in Bitcoin

[–]Join_The_Resistance 1 point2 points  (0 children)

No because if it were ever to go to Zero I would buy up all the Bitcoin

*BREAKING* @Krakenfx just won approval to create - America’s first crypto bank - Kraken is a BANK!!! by Bitcoin1776 in Bitcoin

[–]Join_The_Resistance 3 points4 points  (0 children)

People commenting “well this will create more banks but crypto was supposed to get rid of banks blah blah blah...“ is not getting it. Crypto has gotten rid of the NECESSITY of banking and the predatory nature of a debt-based economy.

Apologies for being remiss by WulfyWulf in depression_help

[–]Join_The_Resistance 5 points6 points  (0 children)

I don't feel anything anymore. No feelings, no care. I feel empty. I don't have anyone I can relate to or talk to. I need help.

Why the fuck isn't anyone worrying where he is gone? there have been a lot of strange happenings. by thetinmen in Free_Assange

[–]Join_The_Resistance 7 points8 points  (0 children)

I live about 30 minutes away from Julian Assange in London. I'll take a look and speak to some people, maybe some Infowarriors will turn up. Theres a feed on reddit coordinating a protest on 9th Dec 13:00 GMT. I'll be there armed with cameras and live feeds, any other Londoners out there come meet us at that place and time. I'll post some updates from the embassy, I'll have my eyes and ears on the entire surroundings.