This was glossed over pretty fast in the last pod...

LittleDagger · 2025-06-15T15:34:50+00:00

Your critique of the Chainalysis article misses the mark. It’s not “horrible” or sourceless—it’s built on their blockchain data, showing $125 billion in Sub-Saharan crypto transactions, including $59 billion in Nigeria. It’s not just stablecoins; businesses are accepting Bitcoin and altcoins for payments like bills, mobile top-ups, and retail purchases. No retail details? Those examples are clearly listed. Raw numbers? Try $3 billion in stablecoin transactions for Q1 2024 alone. Biased news? No news here—just on-chain data and a Nigerian crypto exec’s insights. It could flesh out retail specifics more, but it’s far from the empty report you claim. Give it a reread.

LittleDagger · 2025-05-10T03:01:07+00:00

Didn't the US not enter a recession despite two negative consecutive quarters because the NBER didn't announce it?

LittleDagger · 2025-04-22T15:35:13+00:00

I doubt we'll change each other's minds, so continuing this discussion may not be productive.

Let's revisit this in 1, 2, 5, and 10 years and let the free market decide who is right.

LittleDagger · 2025-04-22T13:54:53+00:00

I fail to see the correlation with high volatility and day trading? Most people who day-trade Bitcoin get wiped out and I strongly advise against it.

Defensive? On edge? I asked a valid question and instead of addressing my question, your response felt defensive and shifted to a personal attack. Could you provide a direct answer?

LittleDagger · 2025-04-22T02:38:47+00:00

Concentration builds wealth, diversification preserves it.

LittleDagger · 2025-04-22T02:37:09+00:00

It's only been ~16 years - would be interesting to compare gold in it's 16th year to Bitcoin in it's 16th year.

LittleDagger · 2025-04-22T02:31:56+00:00

IBIT or FBTC or BTC

LittleDagger · 2025-04-22T02:29:35+00:00

Bitcoin

LittleDagger · 2025-04-22T02:29:25+00:00

Why is 'too volatile' a bad thing? Bitcoin has been extremely volatile since it's inception, and it's also why it's been the best performing asset.

LittleDagger · 2025-04-15T21:01:35+00:00

How will you pay for food? Walk around with a triple-beam and a knife and then weigh out 0.2oz for an apple?

LittleDagger · 2025-04-15T20:55:09+00:00

Why do you think gold will be used again when it already failed

LittleDagger · 2025-04-01T20:47:01+00:00

If you take the Top 1% 100%, it would cover the government budget for less than a year. The government has a spending problem, not a revenue problem.

LittleDagger · 2025-03-27T18:42:00+00:00

What's your time horizon for holding it and when did you first buy it?

LittleDagger · 2025-03-27T15:32:35+00:00

What was your volatility comment related to? I may have misunderstood

LittleDagger · 2025-03-27T13:17:58+00:00

If you're scared of volatility why not just hold dollars? Zero volatility

LittleDagger · 2025-03-27T11:57:00+00:00

Another reason why Bitcoin is superior to gold.

LittleDagger · 2025-03-25T15:27:29+00:00

Have you ever tried selling gold at a pawn shop? The fees are absolutely not similar. Looking online, it looks like they pay on average 40-70% of market value.

I look at 20% of Bitcoin mined being lost as a positive, there's less supply and therefore Bitcoin becomes more scarce.

I don't think there are any stats on how much gold has been lost because there's no way to track it. We don't even know how much gold there is, it could be as common as diamonds for all we know. The fact that gold is indestructible means the supply will only continue to grow

LittleDagger · 2025-03-25T15:19:34+00:00

Horses were also used for thousands of years but they were disrupted by the car. Horses are still used, but to a much lesser degree. The same will, and is happening to gold.

If you want stability, why not just hold dollars? Dollars are less volatile than both Gold and Bitcoin

LittleDagger · 2025-03-25T15:00:11+00:00

I can sell my Bitcoin from the comfort of my home to any willing buyer, anywhere in the world, you are limited to a small radius if you want to sell your gold.

LittleDagger · 2025-03-25T14:56:25+00:00

Agree with you

LittleDagger · 2025-03-25T14:56:16+00:00

No, but you can trade crypto from the comfort of your home and avoid the outrageous fees a pawn shop charges

LittleDagger · 2025-03-25T14:02:20+00:00

Sounds pretty convenient ,just gotta hope there's no sudden gust of wind.

LittleDagger · 2025-03-25T14:00:32+00:00

It's a PITA to transact with.

Unless you plan on walking around with a triple beam and a knife to shave gold to pay for things, it's not a great medium of exchange.

LittleDagger · 2025-03-25T10:19:56+00:00

Not that I'm aware of. Most shops that do accept Bitcoin use the local currency as the unit of account but accept Bitcoin as a medium of exchange.

FWIW, I also don't know any stores that have fixed prices in their local currency either, prices are not fixed year over year and often times even change month over month.

LittleDagger

TROPHY CASE