npoc

11 ms·

121.
by npoc 2y ago
All your models will be broken.
122.
by npoc 2y ago
The Bitcoin network, bitcoin's base layer has to be at most pseudo-anonymous in order to prove the total amount of bitcoin. This is fine, because the Bitcoin network will not be used for everyday transactions. They will be performed on
123.
by npoc 2y ago
Completely incorrect. The market cap of bitcoin alone is over $1.6T, and is an extremely liquid market. If you don't understand why holding bitcoin is a crucial strategy for the future of any country, I'd urge to you to learn more
124.
by npoc 2y ago
The sub-headline itself: "...breathe life back into..." shows how utterly misguided this article is. Does this look like an asset that needs life breathing back into it? https://imgur.com/a/Dhemhk9 https:&#x
125.
by npoc 2y ago
You're right, I meant $100k Regarding losslessly - I'm referring to the point at which the market for bitcoin is largely saturated (in a few decades?). At this point the price per bitcoin will be at least $10M/BTC in today&
126.
by npoc 2y ago
The bitcoin transactions are scarce, just like the bitcoin itself. Hard limited to ~7/sec max. It's impossible for the fees not to grow with demand for transactions - in fact other than possible optimisations of the transaction da
127.
by npoc 2y ago
First, what's intrinsic value? Secondly, have you considered that a thing's fundamental properties can make it better at functioning as money than other things? Which fundamental properties do you think are important?
128.
by npoc 2y ago
An exchange isn't a bank. Why trust money that banks create out of thin air?
129.
by npoc 2y ago
There are people who will put up the money to the council in return for a large percentage of the money if it's recovered.
130.
by npoc 2y ago
Some day, much sooner than you think, index funds will be denominated in bitcoin.
131.
by npoc 2y ago
Not many people offer them 10s or 100s of millions of pounds to do it.
132.
by npoc 2y ago
Not an answer to your question, but this is another reason to self-custody bitcoin.
133.
by npoc 2y ago
Yes - I buy my bitcoin using a decentralised exchange over Tor. All the authorities can see is that I send a random person some money to their bank account. They have no idea what it's for, and would have to individually track down and
134.
by npoc 2y ago
It should be a negative, just as the value of consumables are over time. But that's not possible in a system heavily indebted and addicted to interest rates under the free market rate (only possible because banks create money effortles
135.
by npoc 2y ago
Same here. I'd rather hold and use an asset that unstably increases in value greatly over time, than one which continuously goes down in value to 0 (all fiat currencies go to zero eventually)
136.
by npoc 2y ago
It's of course not that bankers put this spin on it to give them an excuse to continuously print money (all the money in fact) out of thin air and charge interest on it. Remind me, why is the target inflation rate 2-3% again? It couldn
137.
by npoc 2y ago
Who cares? The "economy" is just people buying and selling things. If they choose not to and save instead, that's great. It's called freedom. It's like saying - "if we have some money that keeps going up in va
138.
by npoc 2y ago
All investments are speculative.
139.
by npoc 2y ago
Imagine that, having the option of saving your money for things you really want instead of being forced to spend it on things you don't, or risk lending it out for essentially free to compensate for the continuous fall in value.
140.
by npoc 2y ago
Bitcoiners understand it well. They realise that in order to stabilise in value and become a unit of account, it has to grow close to it's ultimate potential as a store of value first. Which in the case of bitcoin is potentially well o
141.
by npoc 2y ago
Bitcoin never ceases to amaze me how people can understand 90% of how it works, what it's for etc but it takes the last 10% to turn them from someone who owns none, to someone who is all in. I wonder if this guy filled in the remaining
142.
by npoc 2y ago
More and more companies (and countries) are starting to realise this.
143.
by npoc 2y ago
Yes, at some point bitcoin will stop growing in value, I'll agree with that. Personally I think it will be at a market cap of $100T-200T (in today's dollars), but time will tell. If you measure its value relative to dollars though
144.
by npoc 2y ago
Not really. I just means that it doesn't grow too fast for itself and gives people chance to accumulate it - its kind of poetic. Ultimately it will just keep going up in price relative to everything else and people will invest simply b
145.
by npoc 2y ago
It's all down to how money is issued. The tokens we have to work for are created effortless by bankers from nothing whenever they issue a loan, and then they charge interest on them. This value of the new tokens they create is sucked o
146.
by npoc 2y ago
Bitcoin's use is as a store-of-value. That's it's utility. It has the traits of an ideal store of value. Eventually we may use it as money, but that won't happened until it is much closer to it's ultimate value and
147.
by npoc 2y ago
Incorrect on all points. Bitcoin is as private or transparent as we need it to be. Bank account transactions are done on a higher-layer payment network than the base inter-bank clearance network, and the equivalent payment system for bitcoi
148.
by npoc 2y ago
Please explain what intrinsic value is
149.
by npoc 2y ago
You don't think good money has an intrinsic value as good money?
150.
by npoc 2y ago
Looking past the one-sidedness of your point of view, what does any of that have to do with the people of today?

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