Bitcoin Daily Discussion, December 16, 2021 |
- Daily Discussion, December 16, 2021
- Daily Discussion, December 17, 2021
- So mainstream it is.... The words HODL and the Flippening are taking the world by storm.
- Wake up
- Stop listening to Crypto influencers
- Millennial millionaires plan to add more Bitcoin in 2022, CNBC Millionaire Survey finds
- The Man who threw £340million Bitcoin fortune in a bin hires NASA experts to find it
- Bitcoin broke through $66,000 in 2021, a record high. How much is the expected price of Bitcoin to break new records in 2022?
- Bitcoin Knots "Steel Rope" LTS 21.2.knots20210629 released! ��
- Bitcoin is a life hack for confidence
- The bread line in Turkey as their currency collapses
- What do you think would happen to BTC if the stock market went in a decade long bear market
- Panic Sellers 'Practically Giving Away' Their Bitcoin to Wealthy Buyers, Says Devere Group CEO - TheDailyCryptoPro
- When a nation loses its Foreign reserve it gets crushed by Foreign Debt and a Food Crisis follows #FuckFuckFuck #DebtTrap
- Dream a little harder
- El salvador - The future dubai.
- You realise you are at the beginning when
- Choose one
- El Salvador's Bukele Maintains High Approval Rating Despite Unpopular Bitcoin Law
- The Canadian #Bitcoin Purpose ETF has added 6,341 $BTC
- Explaining Blockchain to a Politician
- Kevin Lee To become the first MMA fighter to Be Paid Exclusively In Bitcoin in a deal worth millions.
- TIL: USA gov seized gold in 1933. I am more bullish in BTC than ever
- Elektra owned by Salinas Pliego accepts bitcoin in Mexico
- This is the real flippening
- Inflation is not a feature or a bug. Inflation is not even the "problem". It is a side-effect of the treatment to the problem. So how does Bitcoin solve the problem?
- Dorsey And Jay-Z’s Blind Trust To Fund Bitcoin Development Reveals Board Members
| Daily Discussion, December 16, 2021 Posted: 15 Dec 2021 09:10 PM PST Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you! If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow. Join us in the r/Bitcoin Chatroom! Please check the previous discussion thread for unanswered questions. [link] [comments] | ||
| Daily Discussion, December 17, 2021 Posted: 16 Dec 2021 09:08 PM PST Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you! If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow. Join us in the r/Bitcoin Chatroom! Please check the previous discussion thread for unanswered questions. [link] [comments] | ||
| So mainstream it is.... The words HODL and the Flippening are taking the world by storm. Posted: 16 Dec 2021 02:04 PM PST
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| Posted: 16 Dec 2021 08:05 AM PST
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| Stop listening to Crypto influencers Posted: 16 Dec 2021 02:38 PM PST This bull run clearly shows no one knows what's going to happen. Their job is to play with your emotions with click bait titles to monetize their views and sell "courses". The only advice you really need is... HODL, Buy the dip, Cold storage, No leverage. This is coming from someone who's lost in leverage, panic sold, and lost money on a Canadian exchange called "Quadriga" last bull run. Learn from my mistakes. [link] [comments] | ||
| Millennial millionaires plan to add more Bitcoin in 2022, CNBC Millionaire Survey finds Posted: 16 Dec 2021 06:33 PM PST
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| The Man who threw £340million Bitcoin fortune in a bin hires NASA experts to find it Posted: 16 Dec 2021 05:38 AM PST
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| Posted: 16 Dec 2021 09:00 AM PST
[link] [comments] | ||
| Bitcoin Knots "Steel Rope" LTS 21.2.knots20210629 released! �� Posted: 16 Dec 2021 10:37 PM PST | ||
| Bitcoin is a life hack for confidence Posted: 16 Dec 2021 05:01 PM PST The most powerful force in the world is confidence. Financially, some people call it FU money, some people call it a cash cushion, some people call it a nest egg. I call it Bitcoin. It gives you the ability to feel secure about your future. Which means you don't have to make decisions that will compromise your life. You don't need to worry about everything for the sake of a paycheck. You can approach your situation with a sense of confidence and an analytical mind, instead of being desperate. People can sense a confident person and will give them more. You will make more money, have a more enjoyable career, and have virtuous cycles working for you instead of vicious ones working against you. I know both sides from experience. I have been there in the low-confidence zone, sweating every off-hand comment my boss made, wondering every day if I would be fired. Working my ass off and being poor and miserable. Not knowing that a simple attitude shift would have fixed the vast majority of those problems. Confidence is why the rich get richer and the poor get poorer. Bitcoin will help you get there. But ironically, it won't be Bitcoin that makes you rich. It'll be your confidence that finally does it. [link] [comments] | ||
| The bread line in Turkey as their currency collapses Posted: 16 Dec 2021 07:43 PM PST | ||
| What do you think would happen to BTC if the stock market went in a decade long bear market Posted: 16 Dec 2021 02:44 PM PST The stock market has been in a bull run since BTC was created. If the stock market went in a bear market for a decade would it be safe to assume the same would happen for BTC? The covid crash proved they move together when there's a crash. [link] [comments] | ||
| Posted: 16 Dec 2021 08:52 AM PST
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| Posted: 16 Dec 2021 03:34 PM PST
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| Posted: 16 Dec 2021 09:18 PM PST When I was young, I never dreamed that there could be this one thing I could do which would break me free from what I'd seen my parents suffer through. I now realise going to school was just priming me for the 9-5 daily grind which is designed to lock you into an unhappy existence until death. The along came Bitcoin. Thank you Satoshi. [link] [comments] | ||
| El salvador - The future dubai. Posted: 16 Dec 2021 08:56 AM PST In 10 years time, I hope to be retired living life in the bitcoin city. currently have £40k at average of 50,000. possible? [link] [comments] | ||
| You realise you are at the beginning when Posted: 16 Dec 2021 03:48 PM PST The realisation hit me doing bored math in the bathroom (don't ask), if we have an approx $1.1 trillion market cap and we have a mining inflation rate of about 1.8% per annum, then for the system to be in price equilibrium we need $54.3 million per day of inflow or $18 bill per year! $18 bill per year is absolute peanuts in the scale of any hedge fund or sovereign wealth fund! [link] [comments] | ||
| Posted: 16 Dec 2021 09:31 PM PST Gold: backed by trust that it will remain scarce and useful as a monetary asset. The US dollar: backed by trust in US politicians to be good stewards of the currency. Bitcoin: backed by trust in mathematics. [link] [comments] | ||
| El Salvador's Bukele Maintains High Approval Rating Despite Unpopular Bitcoin Law Posted: 16 Dec 2021 12:38 PM PST
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| The Canadian #Bitcoin Purpose ETF has added 6,341 $BTC Posted: 16 Dec 2021 10:49 AM PST | ||
| Explaining Blockchain to a Politician Posted: 16 Dec 2021 02:17 PM PST
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| Posted: 17 Dec 2021 12:49 AM PST
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| TIL: USA gov seized gold in 1933. I am more bullish in BTC than ever Posted: 15 Dec 2021 09:04 PM PST This blew my mind. Via this order people had to give up their gold or gold certificates. Confiscation or Jail: Thanks to BTC Ive been learning so much and my whole perspective on how the world is setup has changed a lot. BTC is the only vessel to rebuild mankind. [link] [comments] | ||
| Elektra owned by Salinas Pliego accepts bitcoin in Mexico Posted: 16 Dec 2021 02:29 PM PST
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| Posted: 15 Dec 2021 06:21 PM PST People have always said your bitcoin gains are unrealised until you "cash out" into fiat. But one day soon people will realise the bitcoin world is far safer than the traditional financial system. Its at that point people in the fiat world will need to "cash out" into bitcoin just to protect their money from inflation and bank failures. The real flippening is when people stop cashing out from bitcoin to fiat to lock in wealth, and start cashing out of fiat and into bitcoin to lock in wealth. [link] [comments] | ||
| Posted: 16 Dec 2021 04:29 AM PST The real problem isn't with the currency at all... far as I can tell. What is the real problem then? To answer this I have to try to understand what currency is. And what it isn't. Currency is a store of value, or energy. To increase the efficiency of trade. Currency doesn't run an economy, but currency is what an economy runs on. Currency doesn't have to do anything in itself except exist. Ideally it is trackable, tradeable, and close to impossible to counterfeit. If I imagine the economy as an engine, currency isn't the gas, it's the oil. It doesn't generate energy, it transfers it, and keeps the economic machinery moving smoothly as possible. But none of the power (value) of the engine (economy) comes from the oil (currency), it comes from the gasoline (our hard work). Oil generates no power, only transfers it smoothly. So what's the actual problem: The engine itself is leaking oil and threatening to overheat and explode. There's not enough currency value in circulation because it keeps getting funnelled to the same place / leaking. Dropping the engine analogy, nobody has any fucking money anymore because wages don't go up, among a million other things, because corporate greed/bribes. Meaning corporations making more money and CEOs hoarding more money, meaning less and less money in the economy. Before any damage is done the fed prints more money to cycle through the economy before it too is lost into the leak. Eventually the economy becomes such an efficient money funnel to the top 1% that the economy reaches the point where it is basically a 2 step process of the government handing citizens money to hand to corporations. So it's essentially the government handing corporations money, even though the only reason they have to print money in the first fucking place is because those same corporations already have too much of the money. There is no longer and ebb and flow. It's all flow, straight to the top. And no economy can last on this model, as hyper inflation is soon to follow. The irony being that printing money is supposed to be a redistribution of wealth, taking the most value from the people who have disproportionately more, and redistributing it back into the economy and the pockets of the citizens, but almost all of the printed money is funnelled back into the same problematic oversized bank accounts within a few months, so the only people to experience the loss of wealth due to inflation are the lower class. Who don't get enough money, basically have to spend it as they get it, and any money they do manage to hang onto is devalued. And finally, my real question: How does Bitcoin actually solve any of this? Some people believe there will always be a hybrid of currencies, and that might be fine. But to those of you who believe bitcoin does solve these issues and should take over as the reserve currency one day; do you just expect the government to somehow design an economy that doesn't leak? Because there's nothing I can see inherent to bitcoin that can prevent the same economic corruption we face today. What happens if the 1% continue to store their currency and just keep accumulating more? Eventually there won't be enough currency in the rest of the economy to keep it operating. This is when the government would normally turn on the printer, but if they can't, the economy will just have to work itself out. What would actually happen? Are we just trusting that a new government builds a new economy around a new currency? And we are just going to hope that they understand how any corruption will result in runaway power consolidation? Even without corruption, power can and usually will consolidate, just from luck or natural success. Would an economy running solely on a currency like bitcoin have to accept undergoing something like a wealth redistribution every generation or something? Because when there's not enough oil in the engine, it grinds to a halt, and people die, civilizations collapse. Inflation in itself isn't a problem. It is a side-effect, with benefits and downsides which reflect the health of the economy itself. You can't just get rid of inflation and think that solves the overall problem, when the only reason inflation is seen as a problem in the first place is because of how problematic the entire economic system has become. [link] [comments] | ||
| Dorsey And Jay-Z’s Blind Trust To Fund Bitcoin Development Reveals Board Members Posted: 16 Dec 2021 09:27 AM PST
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