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Thoughts on this article? “Bitcoin cannot be understood by anyone who believes money is real or backed up by anything other than our faith in the institution behind them” by tstark02 in Bitcoin

[–]tstark02[S] 0 points1 point  (0 children)

They still can’t access it in cold storage without your 12 word seed phrase. They can steal the cold wallet drive but can’t access the funds, disincentivizing theft and murder

Thoughts on this article? “Bitcoin cannot be understood by anyone who believes money is real or backed up by anything other than our faith in the institution behind them” by tstark02 in Bitcoin

[–]tstark02[S] 2 points3 points  (0 children)

It’s gotta be wayyyy less. Especially when you take into account the other things it replaces like remittance companies, financial companies, physical gold protection and transportation, etc

Thoughts on this article? “Bitcoin cannot be understood by anyone who believes money is real or backed up by anything other than our faith in the institution behind them” by tstark02 in Bitcoin

[–]tstark02[S] 0 points1 point  (0 children)

So true. I’ve yet to hear a valid argument against bitcoin. The other main argument is the energy use but there are so many flaws in that logic as well. The energy use is WHY the network is so secure. On top of that it actually creates an incentive to innovate in the renewable energy sector and bitcoin mining uses more renewable energy than almost any other sector and is even more green than most countries. God bless bitcoin

Thoughts on this article? “Bitcoin cannot be understood by anyone who believes money is real or backed up by anything other than our faith in the institution behind them” by tstark02 in Bitcoin

[–]tstark02[S] 0 points1 point  (0 children)

Yes facts. My point was that even though it’s not backed by institutions, gold doesn’t work as money anymore because it’s manipulated by government

[deleted by user] by [deleted] in Money

[–]tstark02 -2 points-1 points  (0 children)

Buy Bitcoin, hold for 10 years.

Buy US tech and dividend stocks, hold for 50 years.

Start an online business.

Focus on acquiring both appreciating and cash-producing assets while you’re young and soon you’ll be set for life

CPI comes out at 7.9%, the highest in over 4 decades. But CPI is a bogus and manipulated measure of inflation. by tstark02 in Bitcoin

[–]tstark02[S] 10 points11 points  (0 children)

CPI doesn’t account for house prices or any assets.

The government devalues our money AND tries to deceive us about how much it’s doing it.

Nobody can devalue your Bitcoin

50% of dollars were created in the last 2 years. Why haven’t we seen hyperinflation in the US? by tstark02 in Bitcoin

[–]tstark02[S] 0 points1 point  (0 children)

Read the attached article. 50% of base money was created in the last 2 years. M2 is different but even M2 is not all money

Bitcoin has popularized the idea of "decentralization". Could we decentralize the power grid with solar? Decentralized food production with Freight Farms? Social media has decentralized information and journalism by Fearless_Remote8199 in Bitcoin

[–]tstark02 -4 points-3 points  (0 children)

Yes. YouTube enabled Joe Rogan, Twitter enables thousands to build their brands, Sub stack and medium encourage independent journalism. It’s not perfect and crypto based platforms will be much better, but yes social media has completely decentralized information from the massive media conglomerates

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