Dan Albion

Yep, just like cash, dollars, euros, and gold. The difference is that Bitcoin is fully traceable. Good luck laundering money with a public ledger.

You got me! Good thing I can swipe my real estate at Walmart. Bitcoin’s so dangerous it apparently made stocks, bonds, and property tank in 2022 too. So when is this great Bitcoin crash happening (asking on behalf of 100 million holders)?

+60% return in the last year, global loan collateral & purchasing power that actually grows. Visa can’t do that.

Briliant!

You got me. Damn your smart.

Nope, I’ll just be laughing maniacally at you from my lofty throne (but you knew that already!)

“Mostly used to fund criminal activity.” Or… tell me you know nothing about Bitcoin without saying you know nothing about Bitcoin.

How did the country / military help in Greece during the debt crisis? Or in Venezuela, Zimbabwe, Argentina, Lebanon… currencies collapse all the time with armies. Bitcoin survives without one.

“Nothing to back it up…” apart from the world’s most powerful computer network, delivering over 700 exahashes per second, a level of security unmatched by any other system on Earth.

This is really a non-argument, as a collapse of the network would require the permanent collapse of vital global infrastructure.

Rogue nodes aren’t a real risk (going rogue would isolate them/ invalidate transactions). Sure, there are edge cases that could affect Bitcoins infrastructure, but that’s a far cry from ‘one worm could erase all Bitcoin’.

Agree Bitcoin doesn’t exist in a vacuum, so local integration points can fail (yesterday’s power outages across Spain/Portugal disrupted local access - along with everything else!), but this wouldn’t impact the wider network unless there was massive global disruption.

Bitcoin’s dependencies are designed to resist central points of failure, so unlikely a worm could corrupt a critical component across the entire network. That said, I might be wrong… can you give an example of a critical component that could be realistically compromised across the whole network?

Global liquidity is increasingly flowing into Bitcoin, which is steadily absorbing capital from other financial assets. Your opinion really doesn’t matter… just do the math.

The Pi Cy whispered, “The top is nigh,”
When 111 kissed 2x350 in the sky.
Each peak a beacon, each crash a call,
Yet still it rose, to rule them all.
Beneath it pulsed the M2 tide,
Liquidity’s ocean, too vast to hide.
Between the solstice and harvest moon,
This quiet coil foretells a boom.

This post didn’t age well…

Using energy isn’t the problem - carbon emissions are. Bitcoin’s emissions are far lower than traditional finance / Gold production because it increasingly runs on renewable and wasted energy, effectively helping to finance and stabilize the renewable energy industry.

My friend, I’m pretty sure we agree on way more than we disagree on. I appreciate the chat 🙏🏼

100% yes to all of the above. But if I have $1000 in savings what’s the best store of value for the future?

These aren’t assets ordinary folks can invest in.

I’m 100% with you on wealth inequality, and you’re right that any asset will benefit those with more capital to invest. But unlike property, Bitcoin has a much lower barrier to entry, and unlike the stock market, it’s proven to be far more resilient over time. Name a better asset for ordinary folks?

Can you explain ‘built-in counterfeiting function’… I genuinely don’t understand what you mean by this?

Surely you see the irony in saying ‘Bitcoin can be manufactured from thin air… provided you have massive commuting power, cheap energy and time’. It’s like saying you can make clothes out of thin air… provided you have lots of cotton and a big factory!

Not sure your question is genuine, however… Bitcoin’s code is open-source, so anyone in the world can review, audit, & run it. By definition scams hide information - yet Bitcoin shares everything publicly, including every transaction since 2009. How is this a scam?

Unlike the dollar that can be literally printed out of thin air.

The attention you are seeking is your own.

Convenient time frame 🤔

Repeating yourself doesn’t make you right unfortunately

The dollar is a frame of reference (as it is for gold, real estate), but not the reason bitcoin matters.

Zoom out.