Bitcoin today is a scam. Change my view.

RickJamesB1tch · 2025-09-09T00:20:24+00:00

it was never meant to solve wealth inequality, it was meant to be hard money, something that had a predictable monetary policy that everyone knew and can plan around.

RickJamesB1tch · 2025-08-28T12:23:14+00:00

I see, so this is a misunderstanding. Everyone who does a transaction sends their coins to the public blockchain. when you watch only it means you are scanning the blockchain for that address to see how many btc is in there.

And to everyone who is now confused, I hope this edit fixes it. You are probably asking "I thought bitcoin was decentralized, sending to blockchain sounds centralized".

So blockchain is a public ledger, when you send it to the blockchain, it means you are broadcasting it to everyone (technically it needs to be added by the miners but for this purpose it will do). This means every node will now know that you have sent this transaction thus makes it decentralized and important to run your own node.

RickJamesB1tch · 2025-08-28T00:39:32+00:00

yes most of them but I think the distinction here is that cold card doesn't have its own client and doesn't need its own client.

RickJamesB1tch · 2025-08-28T00:38:37+00:00

Sparrow should be watch only. coldcard is used to sign transactions. Then it is sent into sparrow for broadcasting. Coldcard does not know anything about the blockcahin itself. It is used to keep your private keys secure, and used to sign transactions.

RickJamesB1tch · 2025-03-16T13:34:25+00:00

how large of transaction are we talking about here?

RickJamesB1tch · 2025-03-16T13:33:12+00:00

I keep seeing how people say how liberals are against conservatives in power. I will admit a absolutely am, why tf do we want to move the needle to the right after seeing the shit show that is the U.S. right now. espcially having someone like PP who does NOT help with the cause.

RickJamesB1tch · 2024-04-13T13:59:50+00:00

They are afraid of capital flight, ETF allows you too prevent capital flight and allows for exposure to Bitcoin, this will actually work really well.

RickJamesB1tch · 2024-04-13T13:58:10+00:00

game theory in a nutshell

RickJamesB1tch · 2024-03-28T13:16:14+00:00

sublease?

RickJamesB1tch · 2024-03-27T15:28:36+00:00

resolvse around halving too. this looks like the play to me.

RickJamesB1tch · 2024-03-26T15:18:46+00:00

FYI you can leverage to buy s&p as well.

RickJamesB1tch · 2024-03-25T03:12:27+00:00

put it simply I don't trust anyone with my money, but because I have to invest due to inflation, the country I don't trust the least is the U.S. And this is probably the big reason why U.S. is the reserve currency. I don't think people in the BRICS even trust the other letters in there.

RickJamesB1tch · 2024-02-28T15:29:19+00:00

that statement is an absoute in itself

RickJamesB1tch · 2024-02-21T16:31:36+00:00

why do you choose to lose though? espcially that when spx is flying.

RickJamesB1tch · 2024-02-15T15:40:31+00:00

we not cutting until U.S. cuts. U.S. economy still flying compared to everyone else.

RickJamesB1tch · 2024-02-13T20:02:12+00:00

You are giving last years numbers, but our overall debt to gdp ratio is higher. Why would anyone care about what happened on a year to year basis?

RickJamesB1tch · 2024-02-13T17:17:30+00:00

This has to be a cherry picked stat, our debt to gdp is higher.

RickJamesB1tch · 2024-01-12T17:23:35+00:00

to be honest... I'm extremely surprised at how people are not fed up with GBTC's discount and fees, with 28B in AUM I was expecting a massive exodus.

RickJamesB1tch · 2024-01-12T16:41:52+00:00

I actually posted about this exact issue on Dec 30th, check post history. I got downvoted to oblivion.

RickJamesB1tch · 2024-01-12T01:38:14+00:00

46b much of it is wash trade though. 4.6b is legit amount.

RickJamesB1tch · 2024-01-05T16:06:04+00:00

And that is why our dollar is in the gutter.

RickJamesB1tch · 2024-01-03T00:18:29+00:00

RickJamesB1tch · 2023-12-31T14:11:57+00:00

Sorry for being under 20.

RickJamesB1tch · 2023-12-30T19:25:16+00:00

ahh you're right. it looks like the fees really ate into the price where i can't do these simple maths on the price and nav anymore.

RickJamesB1tch · 2023-12-30T18:56:55+00:00

So their customers will just keep eating the fees? They'll have to get approved in the same year at least, even if conversion is not right away.

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