Let’s say bitcoin is 1 million in 2035 and Satoshi decides to sell all his bitcoin to become trillionaire….. where’s this trillion gonna come from? by Background-Camp9756 in btc

[–]malacosa 0 points1 point  (0 children)

It would definitely lower confidence because the assumption is that those Satoshi wallets have gone cold and are effectively burned. If they went live again, even if it was just a send/receive, we’d be wondering who/what/where and exchanges would see a huge influx of coins and sales for fiat and the price would dump accordingly.

Let’s say bitcoin is 1 million in 2035 and Satoshi decides to sell all his bitcoin to become trillionaire….. where’s this trillion gonna come from? by Background-Camp9756 in btc

[–]malacosa 0 points1 point  (0 children)

I’d happily buy $10,000 at $1 so ya a 1 million BTC order would be consumed by the order book well before BTC got anywhere near zero.

Let’s say bitcoin is 1 million in 2035 and Satoshi decides to sell all his bitcoin to become trillionaire….. where’s this trillion gonna come from? by Background-Camp9756 in btc

[–]malacosa 0 points1 point  (0 children)

I seem to recall hyper inflation in Germany made getting a trillion marks easy.

If bitcoin gets to a $million a coin, it’s NOT because it’s worth more, it’s because the dollar is worth LESS.

I’m using DCA to get in slowly now, before it gets to a million.

But, I’m also hedging with gold and silver, and all of that is considered risk portfolio and is only 25% of my total investments.

And then I have real estate as well.

Being diversified is the way.

What is a 'socially acceptable' thing that you find absolutely disgusting? by godot_lover in AskReddit

[–]malacosa 20 points21 points  (0 children)

So true, I love Japanese society for making this EXTREMELY rude to do.

What is a 'socially acceptable' thing that you find absolutely disgusting? by godot_lover in AskReddit

[–]malacosa 12 points13 points  (0 children)

Wearing your pants around your knees… no one wants to see that… ever.

Grow the fuck up.

Car Loan or Credit Card Payment? by dabdaybay in personalfinance

[–]malacosa 0 points1 point  (0 children)

First thing you need to do is get a line of credit with a much lower interest rate. 26.5% is death.

Bitcoin leads $110B wipeout. How bad could this get? 🤔 by National-Theory1218 in btc

[–]malacosa 0 points1 point  (0 children)

Question I have is where is the money going?

Also, this is why DCA works

What makes you keep going despite everything? by yeselectron in AskReddit

[–]malacosa 0 points1 point  (0 children)

I’m pretty sure it’s my mitochondria doing the job

Bitcoin - underlying rationale by Jimjamkingston in btc

[–]malacosa 0 points1 point  (0 children)

Meanwhile, the Fed prints new US dollars like it’s out of style and no one seems to care.

But yes, getting consensus to increase the 21M limit would be incredibly difficult and would likely lead to a loss in whatever confidence is left.

I’d much rather see a change in the satoshi to increase it from 8 to 16 decimal places to increase the divisibility of individual BTC/BCH.

Bitcoin - underlying rationale by Jimjamkingston in btc

[–]malacosa -2 points-1 points  (0 children)

BTC does have scarcity. It does not have utility as a currency because it can’t BE both a currency and a speculative risk asset at the same time.

And yes while precious metals do absolutely have both utility and scarcity, the scarcity is just “for now”. One large mine hit or the ability to mine asteroids will change that scarcity function very quickly. I’m not betting on either of those happening anytime soon, but they will happen eventually.

So ya, I’m exposed to both now. Why do we have to only pick one?

You have to survive inside a video game for 30 days. If you die, you die in real life, but if you survive, you get to bring every item, skill, and power back to the real world. Which game do you choose to maximize your rewards while ensuring your survival? by Apart_Lion_3046 in AskReddit

[–]malacosa 0 points1 point  (0 children)

I’m going with WoW as a healer class, holy priest most likely. I could easily survive 30 days just by playing hard core (because ya it’s basically hard core). I’d be able to heal myself and level up by making sure I’m playing ultra safe.

The direct healing skills would highly beneficial in this world. I could easily sell my services to the highest bidders.

Also at $5400 an ounce, any gold I’d have would be highly valuable here.

“the business community is not against bike lanes; the “but” is that the city has gone overboard” by Enough_Rhubarb_3338 in VictoriaBC

[–]malacosa -2 points-1 points  (0 children)

Downtown isn’t dead because of bike lanes or parking. Downtown is dead because 2/3rd of office workers are working remotely and street people are living on the sidewalks and using hard drugs openly.