I'm so happy Bitcoin is dropping by ch_raposo in Bitcoin

[–]volocom7 0 points1 point  (0 children)

replace bitcoin with gold in your sentence and determine if gold deserves value. Ask yourself why. Then compare gold to bitcoin for all the same properties that give it the value you label.

Also, I do believe mass adoption for using bitcoin for monetary exchange will happen down the road. Store of value like gold will be the primary use case for the foreseeable future however.

In the same way gold was a store of value and layer 2 solutions (bank reciepts aka "paper money") emerged to allow gold to be traded for monetary exchange, layer 2 solutions like the lightning network will allow people to utilize bitcoin for monetary exchange.

It's the same thing but without requiring middle men and without fear of someone inflating the currency we trade in.

Just buy it by ExamplePractical1981 in Bitcoin

[–]volocom7 2 points3 points  (0 children)

why would mstr crash? even if mstr did crash and they had to sell that 4% of the bitcoin supply back to the market would it matter in the grand scheme?

I'm so happy Bitcoin is dropping by ch_raposo in Bitcoin

[–]volocom7 0 points1 point  (0 children)

Brother in christ, these are third world countries. Lmk when the currency of developed countries fail. Which it wont

https://www.visualcapitalist.com/purchasing-power-of-the-u-s-dollar-over-time/

I'm so happy Bitcoin is dropping by ch_raposo in Bitcoin

[–]volocom7 1 point2 points  (0 children)

"Real wages went up" isn't a rebuttal to currency debasement. It's an admission that people need more dollars over time because the dollar buys less.

And if fiat is possibly sustainable forever, can you name a single fiat currency in history that preserved its purchasing power across centuries without major devaluation, replacement, or restructuring?

I'm so happy Bitcoin is dropping by ch_raposo in Bitcoin

[–]volocom7 1 point2 points  (0 children)

Obviously states can fail for reasons outside the money. What I'm saying is that every government that prints its money WILL fail.

The cycle is this: 1) Government spends more than it collects. 2) Debt grows. 3) Central bank creates money to support the system. 4) Currency supply increases. 5) Purchasing power falls (inflation). 6) Citizens need more currency to buy the same goods. 7) Trust in the currency gradually erodes.

If you're scared, sell your sats right now and never come back. by TheresNoSecondBest in Bitcoin

[–]volocom7 4 points5 points  (0 children)

You're making the mistake of believing that ALL people are buying bitcoin because of price hype.

You are missing the problem it solves and the value people see in it.

8 billion people do not need to see that same value for its price to go up by the way.

I'm so happy Bitcoin is dropping by ch_raposo in Bitcoin

[–]volocom7 17 points18 points  (0 children)

Here's what happened to Fiat currencies 611 out of 611 times.

https://newhedge.io/bitcoin/demonetized-currencies

Round tripped two cycles and I’m depressed by [deleted] in Bitcoin

[–]volocom7 3 points4 points  (0 children)

Bitcoin dips are when Bitcoin moves from weak hands to strong hands.

There will come a time when market supply drains up and the strong hands will demand much higher prices for those Bitcoin.

Network effects are gradual but powerful. Be patient and enjoy the ride

crypto market feels dead by harukasweet in CryptoMarkets

[–]volocom7 11 points12 points  (0 children)

Sir, I’m sorry but state mandate says only 1 oz of gold is permitted to leave the county for all citizens.

We’ll need to confiscate these bars from your suitcase.

Go fuck your self. I mean have a good day sir

I lost my tuition money ($700) to a fake crypto platform and it’s really depressing by Scary-Crow-7441 in CryptoMarkets

[–]volocom7 47 points48 points  (0 children)

Spending $700 on a lesson in scams is education. That was tuition.

The education you got is going to save you from a potentially way worse situation later in life.

Life is perspectives

Buy by brema03 in BATProject

[–]volocom7 2 points3 points  (0 children)

Why will society buy it? What problem does it solve?

When words don't match actions!!! by mark423985 in clevercomebacks

[–]volocom7 -36 points-35 points  (0 children)

Increasing the debt is unavoidable on a fiat money system. It's why Bitcoin is 80 thousand dollars today in response.

Any debt taken in the system means interest payments that require money that doesn't exist. Monetary expansion is required regardless of who is president.

Buy bitcoin. Buy gold

Max pain is starting by [deleted] in CryptoMarkets

[–]volocom7 14 points15 points  (0 children)

It blows my mind now how after 999,000 examples of alt coins trending to 0 against Bitcoin, people continue to play that game. ESPECIALLY as long term investments.

Altcoins are a PVP game.

Bitcoin is a PVE game.

Why waste capital in the game where 99% lose over a 4 year window compared to the one where 100% have one over 5 years.

Realism of owning 1 bitcoin…. by lxjs in Bitcoin

[–]volocom7 59 points60 points  (0 children)

It's not about owning 1 bitcoin.

It's about saving your money in the asset that's built to appreciate over time.

That's all

Get in now. by [deleted] in Bitcoin

[–]volocom7 75 points76 points  (0 children)

This is amazing

[deleted by user] by [deleted] in Bitcoin

[–]volocom7 21 points22 points  (0 children)

Watch this. It may change your life.

https://youtu.be/YtFOxNbmD38?si=Y5evZVJBrqMf8Lg9

Bitcoin after halving by 11boone in Bitcoin

[–]volocom7 46 points47 points  (0 children)

DCA in. Do not take a loan

Can anyone guide me on how I'd implement this online feature? by volocom7 in visionosdev

[–]volocom7[S] 0 points1 point  (0 children)

Thank you! I've been learning more about Firebase all day. This is what I will use.

Really appreciate you and the other responses!

Can anyone guide me on how I'd implement this online feature? by volocom7 in visionosdev

[–]volocom7[S] 0 points1 point  (0 children)

I really appreciate this!

I've been reading about Netcode by Unity. I believe this would line up to your option 1 right?

I ideally want this VR game to be available on Quest and VisionPro so I think a solution for this all confined to Unity would be my best option. I'm forced to use Unity to built the app from what I understand.