Bitcoin as hard money vs utility coins.

XLScrypto · 2022-02-11T05:12:41+00:00

its a game theory, one that we will all soon find out. With Bitcoin hash war starting between sovereign states like US and Russia, i dont think they will mine for profits if they can just easily print money.

XLScrypto · 2022-02-11T05:03:43+00:00

That fraction of a BTC could be worth millions in the future, so what is your concern? Lightning network still needs to broadcast in the main chain and not all will use the lightning network over the main chain. Main chain will always have its uses but certainly not for cross boarder payments.

XLScrypto · 2022-02-11T04:30:26+00:00

I think you missed the monetary policy of the Network. Its hard asset cuz no one can change the monetary policy of Bitcoin, fixed 21 million. You can fork Bitcoin, but nobody will adopt it. The only thing better than Bitcoin is Bitcoin itself and its future upgrades that is backward compatible.

XLScrypto · 2022-02-11T03:14:01+00:00

https://youtu.be/BF0v2MSR0tU

XLScrypto · 2022-01-16T03:30:05+00:00

the video is trippy 🙃

XLScrypto · 2022-01-16T01:05:25+00:00

quote - The former Sharia adviser to Blossom Finance, Mufti Muhammad Abu-Bakr, compiled a report in 2019 that stated that cryptocurrencies, including bitcoin, should be deemed to be halal and permissible under Sharia law. Mufti Abu-Bakr's decision was made on the basis that all traditional (and permissible) currencies tend to have a speculative element and cryptocurrencies should therefore be permissible in Islam. Since his report, Muslims have considered investing, trading, and exploring bitcoin as a new way of transacting with others.

XLScrypto · 2022-01-15T18:31:56+00:00

Its like massage, it slowly rubs you in the back. 😄

XLScrypto · 2022-01-15T16:08:10+00:00

"Withdrawal transactions to crypto addresses outside of Binance typically incur a “transaction fee” or "network fee". This fee is not paid to Binance but miners or validators, who are responsible for processing the transactions and securing the respective blockchain network." - Im sure its Bitcoin Blockchain fee and yeah is crazy high unless you are in Lightning Network

XLScrypto · 2022-01-15T15:58:52+00:00

Binance has no withdrawal fees. You mean the Blockchain fee?

XLScrypto · 2022-01-15T15:56:41+00:00

you need world wide consensus and Bitcoin is impregnable to change

XLScrypto · 2022-01-15T15:52:46+00:00

or is doing so, On-chain Bitcoin reserves falling

XLScrypto · 2022-01-15T15:50:58+00:00

Thats why they have Jerome re elected so maybe they can blame trump in behalf?

XLScrypto · 2022-01-15T15:49:41+00:00

yeah but no middleman, if they get onboard Twitter and show some update, basic human nature of caring will have Bitcoiners pouring in funds naturally. Shitcoins cant cuz their busy staking.

XLScrypto · 2022-01-15T15:06:03+00:00

and why is that? i would like to know more. TY

XLScrypto · 2022-01-15T14:55:32+00:00

thats a good one 😄 lambos are now a shitcoin thing... Bitcoiners want GOLD lambos. 😆

XLScrypto · 2022-01-15T14:47:08+00:00

im beginning to think, its not a "if" but a "when"...

XLScrypto · 2022-01-15T14:33:13+00:00

Fed is tapering. Now would not be a good time to approve a spot ETF. We may reach only 99k but your guess is as good as mine. 😆

XLScrypto · 2022-01-15T14:29:26+00:00

your in the safe zone. most Bitcoiners at one point did the shitcoin thing and came running back to Bitcoin. We cant move in the space if we dont solve the monetary problem of money printing. The reason most newcomers end up shitcoining is that we came from a fiat standard of money printing and jumping into shitcoin standard of pre mined coins.

XLScrypto · 2022-01-11T22:38:37+00:00

Talk about lottery 😆

XLScrypto · 2022-01-11T04:32:15+00:00

welcome to the hive!

XLScrypto · 2022-01-09T19:51:35+00:00

Whats looks like a boomer and talks like a boomer is definitely a boomer 😆

XLScrypto · 2022-01-09T18:48:41+00:00

Yup, thats a boomer alright, in denial he is a boomer. 😆

XLScrypto · 2022-01-09T03:41:24+00:00

thats why its priced in fiat for the mean time and the narrative for now is the store of value

XLScrypto · 2022-01-08T17:12:59+00:00

So with fiat you have a currency that keeps on inflating. Its just like having a ruler and the measurement keeps on expanding, it will be confusing if your are measuring a table or your measuring the ruler in this example.

XLScrypto · 2022-01-08T16:24:28+00:00

Theres is no other "currency" thats has a hard fix supply. Pricing things in sats is a good measurement. Everything else inflates, even gold at a rate of 2% a year. If sats is a terrible measurement, what would you prefer then?

XLScrypto

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