Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Bitcoin is engineered money; a revolutionary innovation. It's here to stay and will only increase in value over time.
I don't tell people to buy bitcoin. I suggest that they learn about it and come to their own conclusions.
Here's a starting point, for anyone genuinely interested:
https://youtu.be/YtFOxNbmD38?si=_e94F5L1-yBZLk3A
This presentation argues that **debased currency** is the root cause of modern societal issues, ranging from rising costs to family breakdown. Using a fictional parable of two leaders, the speaker contrasts a **fixed monetary system** with one controlled by a "big red button" that allows for endless money printing. The narrative explains how **government intervention** through currency expansion leads to distorted prices, lower product quality, and increased wealth inequality. This process ultimately forces businesses to cut corners and people to lose their **purchasing power**, creating a cycle of dependency on the state. The speaker identifies **Bitcoin** as the real-world equivalent of "perfect money" because it is decentralized and scarce. By adopting this **incorruptible standard**, he believes society can separate money from state control and restore global prosperity.
I've always found this to be a strange argument by crypto bros when Bitcoin only works (and barely, at that) because it is constantly printing new "money".
Eventually bitcoin will stop being generated i think at 21M coins?
We are at 19M but will take awhile to reach end.
Lost coins are a real problem: about 4% of coins are lost each year.
In 2026, the number of bitcoins lost each year is starting to outpace the number of new bitcoins being mined. This means the "effective" supply of Bitcoin is actually shrinking.
As a currency, a shrinking money supply.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Bitcoin is engineered money; a revolutionary innovation. It's here to stay and will only increase in value over time.
I don't tell people to buy bitcoin. I suggest that they learn about it and come to their own conclusions.
Here's a starting point, for anyone genuinely interested:
https://youtu.be/YtFOxNbmD38?si=_e94F5L1-yBZLk3A
This presentation argues that **debased currency** is the root cause of modern societal issues, ranging from rising costs to family breakdown. Using a fictional parable of two leaders, the speaker contrasts a **fixed monetary system** with one controlled by a "big red button" that allows for endless money printing. The narrative explains how **government intervention** through currency expansion leads to distorted prices, lower product quality, and increased wealth inequality. This process ultimately forces businesses to cut corners and people to lose their **purchasing power**, creating a cycle of dependency on the state. The speaker identifies **Bitcoin** as the real-world equivalent of "perfect money" because it is decentralized and scarce. By adopting this **incorruptible standard**, he believes society can separate money from state control and restore global prosperity.
I've always found this to be a strange argument by crypto bros when Bitcoin only works (and barely, at that) because it is constantly printing new "money".
Anonymous wrote:Bitcoin is engineered money; a revolutionary innovation. It's here to stay and will only increase in value over time.
I don't tell people to buy bitcoin. I suggest that they learn about it and come to their own conclusions.
Here's a starting point, for anyone genuinely interested:
https://youtu.be/YtFOxNbmD38?si=_e94F5L1-yBZLk3A
Anonymous wrote:Anonymous wrote:Bitcoin is engineered money; a revolutionary innovation. It's here to stay and will only increase in value over time.
I don't tell people to buy bitcoin. I suggest that they learn about it and come to their own conclusions.
Here's a starting point, for anyone genuinely interested:
https://youtu.be/YtFOxNbmD38?si=_e94F5L1-yBZLk3A
This presentation argues that **debased currency** is the root cause of modern societal issues, ranging from rising costs to family breakdown. Using a fictional parable of two leaders, the speaker contrasts a **fixed monetary system** with one controlled by a "big red button" that allows for endless money printing. The narrative explains how **government intervention** through currency expansion leads to distorted prices, lower product quality, and increased wealth inequality. This process ultimately forces businesses to cut corners and people to lose their **purchasing power**, creating a cycle of dependency on the state. The speaker identifies **Bitcoin** as the real-world equivalent of "perfect money" because it is decentralized and scarce. By adopting this **incorruptible standard**, he believes society can separate money from state control and restore global prosperity.
Anonymous wrote:Bitcoin is engineered money; a revolutionary innovation. It's here to stay and will only increase in value over time.
I don't tell people to buy bitcoin. I suggest that they learn about it and come to their own conclusions.
Here's a starting point, for anyone genuinely interested:
https://youtu.be/YtFOxNbmD38?si=_e94F5L1-yBZLk3A
Anonymous wrote:Bitcoin is engineered money; a revolutionary innovation. It's here to stay and will only increase in value over time.
I don't tell people to buy bitcoin. I suggest that they learn about it and come to their own conclusions.
Here's a starting point, for anyone genuinely interested:
https://youtu.be/YtFOxNbmD38?si=_e94F5L1-yBZLk3A
I am not a proponent and don’t own any. But, I will point out that Wall Street has invested a lot the last few years in trying to mainstream BC with ETFs, custody business, etc. So I think they will find a way to keep it relevant. I would get interested around a few thousand a coin as a total spec.Anonymous wrote:When you can explain to me how Bitcoin is valued, I'll explain to you why it's going down. Bitcoin is the modern day tulip. It's only a matter of before the entire thing crashes and years from now people will be asking "what were you thinking?". You've been warned.
Anonymous wrote:This is your periodic reminder that crytocurrency has no use except for speculation and crime. None whatsoever. Thank you for your attention to this matter.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:because it's a ponzi sceme and they always fail.
No it’s because crypto is the currency of “shadow markets”. Folks who don’t want to be very visible. It tells you they transact less in bitcoin and likely store their liquidity in gov bonds or cash
My theory it’s a predictor of a higher volatility in overall stock market ahead of midterm elections
Wouldn’t prices go up if there is less liquidity?
No. When there is stock market volatility investors move their money to cash-like instruments /bonds which removes liquidity from assets markets. Volatile assets start experiencing the shortage first. Thus prices fall.
Remember 2008 crisis - all assets classes prices fell and very few people had cash available . Those who did have it to buy low made millions in real estate and stock market
It doesn’t actually “remove liquidity” though - it removes liquidity that doesn’t move the price. right? “Removed Liquidity” is just a description of what happens after the crash not the cause.
The crash is caused by investors moving funds from riskier to less risky assets and by actual shortage of liquidity when multiple risk assets investors face margin calls. It can also be triggered by tightening monetary policy or bank lending regulations
Sorry can you explain “actual shortage of liquidity”?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:because it's a ponzi sceme and they always fail.
No it’s because crypto is the currency of “shadow markets”. Folks who don’t want to be very visible. It tells you they transact less in bitcoin and likely store their liquidity in gov bonds or cash
My theory it’s a predictor of a higher volatility in overall stock market ahead of midterm elections
Wouldn’t prices go up if there is less liquidity?
No. When there is stock market volatility investors move their money to cash-like instruments /bonds which removes liquidity from assets markets. Volatile assets start experiencing the shortage first. Thus prices fall.
Remember 2008 crisis - all assets classes prices fell and very few people had cash available . Those who did have it to buy low made millions in real estate and stock market
It doesn’t actually “remove liquidity” though - it removes liquidity that doesn’t move the price. right? “Removed Liquidity” is just a description of what happens after the crash not the cause.
The crash is caused by investors moving funds from riskier to less risky assets and by actual shortage of liquidity when multiple risk assets investors face margin calls. It can also be triggered by tightening monetary policy or bank lending regulations