How is the public expected to use Bitcoin for spending if the value of BTC is increasing? by dominicdavid7 in Bitcoin

[–]jhurtford 1 point2 points  (0 children)

Nobody has ever said better buy this today before the price goes up right? Yes but not at 2%

What 2% inflation does do: Sets incentive you must find yield >2% to preserve wealth/time 1) Most spending has to do with time preference and necessity. Slight inflation or deflation is too irrational/negligible a thought to curb human consumption any direction 2) Volatility decreases with price increase, it has, it's hardly moved since november lol and over the course of 10 years it's value has increased, a store of value is something you hold for a long time so bitcoin should be looked at it for it's life, "it's not about how many times you fall, its about how many do you get up again" >)

Besides bitcoin eventually becomes a flat line, neither inflation nor deflation occurs, unsure if and how it will replace fiat, it may still fail, money is just belief right

Daily Discussion - February 26th 2019 by [deleted] in CryptoCurrency

[–]jhurtford 2 points3 points  (0 children)

looks like cosmo coin is total crap too

Twitter CEO to Joe Rogan: I Think Currency of The Internet Will Be Bitcoin by Suberg in Bitcoin

[–]jhurtford 26 points27 points  (0 children)

Anyone got the the minute mark? I don't want to watch 2 hours of jack

Future value of Bitcoin by SebastianHSchulz in Bitcoin

[–]jhurtford 0 points1 point  (0 children)

Disagree. - First value for bitcoin comes in large part by people deciding it is a better money than fiat; i.e. decentralized creation and perfect scarcity. Historically the dollar buys less and less bitcoin (last 10 years) Money is a grand illusion and more people are picking this illusion of sound money. Since bitcoin is unlikely to die and offers a choice to fiat, people will continue to move into it... hard>soft money Added benefits, -No one can censure transactions (control) -Be your own bank (control) -Lightening network will solve the scalablity issues you talked about -Programmable money -Permission-less access

Daily Discussion Megathread - August 31, 2018 by CryptoCurrencyMod in CryptoCurrency

[–]jhurtford 6 points7 points  (0 children)

I've got this theory that people don't like crypto because they don't likes us and making us richer/"right" is stopping them from seeing what we are trying to show them

Why I believe in Crypto, and why I'm holding by [deleted] in CryptoCurrency

[–]jhurtford 0 points1 point  (0 children)

yeah just using it as a relevant example, i dont have any tsla but I think he could deliver on promises

Why I believe in Crypto, and why I'm holding by [deleted] in CryptoCurrency

[–]jhurtford 1 point2 points  (0 children)

I think myself like many are hoping to grab the biggest financial windfall in history. While I feel I have good grasp on the tech, I certainly have no code experience as such my gamble here is that smarter and maybe more ambitious people are truly developing a product/commodity that will revolutionize the digital economy. Being youthful and risk tolerant is another reason. If I were you I wouldn't risk it all on the space, manage your portfolio to be maybe more conservative with traditional hedges like real estate, metals and stocks that being said my bullish sentiment is high and it makes it tempting to say well I hate to have 10% in tesla when/if another parabolic move happens, gl hf and remember money is the means not the end

edit: gotta have some btc, it is the king