He has mentioned things from time to time. On the first block he embedded a message about the Chancellor on the brink of a second bailout for banks.

I feel that it is safe to assume that he wouldn't view that as a positive thing.

I don't know but it sounds like a glorious number to hit.

Bit of a stretch. Mentioning banks is not in the same ball park as SoV, show us where inflation touched you and other post 2017 non sense.

This is such a stupid take. There are plenty of examples of inventions that fit another purpose better than their initial design (EG Viagra was originally designed to treat hypertension). Imagine writing off everything in this way, it's such a dumb way of approaching things.

people ITT have no respect for Satoshi's genius.

you can read all his posts here: https://satoshi.nakamotoinstitute.org/

I think Satoshi knew bitcoin could get this big and was smart enough to not say so. He did talk a lot about making micro-transactions but I don't think that and BTC being this huge are mutually exclusive

I disagree. The move from an inflationary monetary policy proof of debt system to an energy based proof of work one will be a massive chaotic shock. You need tools to delay this shock and onboard as many average person as possible, even if they are bad tools. I don't think he would disapprove at all. Everyone owning their own keys is a sweet dream but the average normie will never care enough and that is fine. It also doesnt really matter if he approves or not, thats the beauty of this protocol, it is whatever we decide it to be.

Obviously you'd have to be dumb af to put value in this once a spot ETF has the green light, at that point just let the market do it's magic.

Lol @ the dumb malaka. Whatever you say bitcoin will outlive you and (if you have any) your children will likely embrace it even if you didnt.

Keke, aren’t you the guy that FOMOed in this year? And you calling someone dumb.
Right, the post apocalyptic scenario where everything is doomed but somehow bitcoin something something saves humanity.

uhhhhhh I was told by many crypto would crash at any second now?

maybe next week?, tomorrow?


uhh guys.. guys?? when will it crash? maybe in 2250?

I sure hope it doesn’t. All the Vegas 25/50+ games run on bitcoin money, number plz go up just another month!

Fomo'd? I was always bitcoin neutral, but changed my mind when I started educating myself more (& also I accepted the current system is beyond repair, which was a hard pill to swallow, given I had 95% of my nw in RE).

The money printing painted the obvious to me. Maintenance of my buildings has risen ten fold what we have expected and it's only going to get worse. I'm out. I actually made a post I was starting to liquidate assets when bitcoin had just crashed 50%. I would be very lucky if we had a multiyear bear market, but sadly I don't think it will be the case.

And yeah you're a dumbass. I'm fairly dumb too, I got brainwashed into working 60 hours week fighting tenants drama for shitty CoC returns. In a free market, RE would be a lot less expensive, returns would be higher, people/investors wouldn't be desesperate to get rid of their mean of exchange. What is your alternative to bitcoin for individuals malaka? You think the US dollars can keep going? Why do you think they are pushing CBDCs? Next up are negative interest rates and the only way that is possible is with a CBDC.

I now plan to have around 80% nw in bitcoin by summer 2023. It was 0% january 2021.

You educated yourself but never stop to question where is all that money coming from? Or the statement above about 200% annual growth. Until when it will go up 200%/year? Indefinitely? Bitcoin will be worth $4B in 10 years? Do you reaohow stupid that sounds?

Btw, Bitcoin good because government/banks/bonds/stocks/RE etc are bad is a logical fallacy. If it’s any good it should be good on it’s own. Same with “yes Tether prints uncontrollably but so does FED, who cares”. Not how it works.

confirmed brain worms.

Just to clarify what a dishonest or dumb person you are :

Haven't posted in that thread in literally 6+ years. Looking it over I was giving advice in the dating thread not soliciting it(It had been so long I didn't remember what type of posts I made so I had a look). Also you trying to shame someone for dating in their 30's is lol. Is gossiping one of the masculine personality traits? Not very manly bro.


Lol at you pretending not to know who Jimmy Dore is after posting tweets from him repeatedly. Must be those pesky brain worms again.

Hopefully your handler takes you outside today. All the best in your recovery.

To keep on topic

is bitcoin dead?

My friend Juantiz bought btc at 66 and he sold at 60 and told me that he paid 14 percent fees on quadriga when buying and selling btc. He said its also a ponzi scheme because its digital internet money that is controlled by Chinesse communists who hate freedom and american values. Is he right?

Will Bitcoin crash when people find out?

Yes, yes and yes.

BITO vs btc proper is there a 1:1 correlation or bunch of fluff built in?

Expert sources [shown below] indicate that your friend is correct. On a positive note, withdrawal fees seem to have been reduced from 20% to a much more manageable 14%.

Bito will underperform self custodied btc per annum:

1% due to Etf fees
10% due to roll costs on futures - estimate

The monthly roll is 20% for oct-nov but will probably settle down in the 5-15% range.

I think the chance a bitcoin hits 4B is 0% in any time frame.
Few.

And you're a tether truther lmfao, I'm done, HFSP.

So whwt do you think is reasonable annual growth if not 200%?

Tether truther? Is that supposed to be offensive?

Let me ask you something.

If bitcoin was worth 4B, would someone sell bitcoin for 4B?

I don't think it's likely but it's not impossible. That wouldn't mean that a bitcoin would be worth 100,000 times more, a larger part of such a gain would be loss in value of the USD, so we're not really talking about Bitcoin at that point.

Well people today are obviously selling it for market price, thus the market price, so why wouldn’t they at $4B? Not sure what you’re even trying to ask me. In fact, the more it goes up, early “adopters” are more likely to dump since they already hit their moon-Lambo-100x bagger.

You still haven’t answered my question, what is a reasonable expected annual growth?


@Matt

Right, a black swan event that never happened in the history of US is why Bitcoin is good. To save us from something that never happened. For years now Bitcoins use case keep getting moved to some imaginary apocalyptic scenario where people will be killing each other for food but will, for some reason, value internet money that will probably not even work without internet in post apocalypse.


I keep hearing BTC is best performing asset in last 10 years like it’s a guarantee to stay that way in next 10? If it does, it will be worth ~$4B. If it does another 10 years afrer that, 1 BTC will be worth more than entire world’s wealth. That really makes any sense to you?

That is not why Bitcoin is good. And I never said that the performance will be as good the next ten years as the last ten, that's ridiculous when the risk is so much lower. I simply addressed your statement, that 4B USD per bitcoin is not as impossible as you make it seem, even if I agree that it is very unlikely within the next ten years.

Expected growth? How would I know? Gold is worth over 10T so I expect bitcoin to be worth around 20T in under 10 years. It's much better than gold as a store of value.

Bitcoin goes from 0$ to 1T market cap and this guy still thinks we need the apocalypse for it to be valuable.

And the answer to the question I asked you is no, nobody is selling bitcoin for 4B, even if thats what the "market price is". If it does happen, fiat will be worthless way before that.