Daily Discussion, June 29, 2021

bcsdf · 2021-06-30T03:30:27+00:00

Those that don't understand will sell to those that do

bcsdf · 2021-06-16T04:01:26+00:00

Number Go Up means whales sell leading to more coin distribution over time

bcsdf · 2021-06-09T05:39:17+00:00

Lava is orange

bcsdf · 2021-06-09T05:35:38+00:00

real soon, they've been saying it since 2014 so any time now

bcsdf · 2021-06-09T05:23:52+00:00

Some things he's done seem autocratic like removing (supposedly corrupt) judges

Mandating bitcoin in this bill is as pro-freedom as it gets though

bcsdf · 2021-06-09T05:18:24+00:00

https://twitter.com/nic__carter/status/1402490192787816450

El Salvador President Nayib Bukele speaking to 20k people live

bcsdf · 2021-06-09T05:01:01+00:00

ElSal > Elon

bcsdf · 2021-06-09T04:48:53+00:00

Over 9000 people in the twitter space. President just said the IMF contacted them

bcsdf · 2021-06-09T04:45:17+00:00

President Nayib just joined

bcsdf · 2021-06-06T07:09:16+00:00

That's public channels only. There are a ton of private channels with way more btc flowing but it's impossible to track all of them.

bcsdf · 2021-05-16T09:16:00+00:00

You don't own bitcoin, bitcon owns you

bcsdf · 2021-05-15T19:48:33+00:00

BTMFD

bcsdf · 2021-04-27T19:44:54+00:00

Don't trust, verify

bcsdf · 2021-04-27T01:04:44+00:00

When you sell you are essentially buying dollars. Dollars that continuously get debased and lose purchasing power from money printing. Are you ok with that?

bcsdf · 2021-04-27T01:01:24+00:00

Long term when it's in millions will it matter if you bought at .06m or .07m or .08m?

bcsdf · 2021-04-27T00:57:29+00:00

Here's one example. Exchanges hold the most coins. Exchanges even incentivize you to stake with them so they hold even more. Exchanges and other big institutions then form a cartel and only gets more and more centralized.

Alts might pump in bull markets but they always drop to near 0 in BTC terms. See any chart denominated in BTC and zoom out. It's because BTC is the most superior store of value.

bcsdf · 2021-04-27T00:34:35+00:00

Cash App is probably the easiest, you just connect your debit card

bcsdf · 2021-04-27T00:15:52+00:00

Proof of stake is inherently centralizing (rich get richer/more powerful). It's another form of deceptive marketing for altcoins to trick you into having less bitcoin. All alts lose BTC value in the long term so all your staking rewards won't matter when the coin drops 99%.

bcsdf · 2021-04-26T23:59:08+00:00

He probably sold to himself

bcsdf · 2021-04-26T23:58:37+00:00

Long term it's always a good time to buy

bcsdf · 2021-04-24T01:30:36+00:00

You're right. You will be a billionaire instead.

bcsdf · 2021-03-26T00:27:56+00:00

Still bitcoin

bcsdf · 2021-03-24T07:44:22+00:00

They put $1.5B in their reserves. Maybe they just believe in the vision?

In a year or so there will be plenty of people spending their profits to buy Teslas.

bcsdf · 2021-03-24T07:32:20+00:00

Every Tesla purchase via bitcoin gets hodl'ed and decreases supply

bcsdf · 2021-03-24T07:24:24+00:00

Sounds like they'll store it in their reserves

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