Here comes another round of the naysayers saying "Bitcoin is dead" for the 800th time." Stock market loses 27% and nobody says "The stock market is dead."
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (23)
sorted by:
A BTC is a speculative limited fungibility shared IOU in a non-revenue shell company with zero assets and no jurisdiction to enforce under.
Once you get this, we can talk about BTC.
But yeah people.
Just put all your dealings in a public ledger for all rulers forever to analyse (and potentially overwrite).
Sounds like a secure, private and safe plan.
Own skills, trusted networks, land, physical tools, your own head space, your own time and destiny.
Gonna put in $0.02 to mention Monero. It is superior tech to BTC in many ways and obfuscates amounts, wallets, and IP addresses, preventing surveillance. It's also been seeming to decouple from BTC and the stock market since the Russia-Ukraine stuff kicked off
The criminal cartels use Monero, so I will use Monero.
The price is being manipulated, yeah, obviously. It's also being delisted from exchanges because it threatens TPTB.
The monero community also created atomic swaps with BTC-XMR and also now ETH-XMR are in development. This is to take control away from centralized exchanges, where price manipulation undoubtedly happens.
I'm not here to tell you about how you might ride a pump-n-dump wave to secure your financial future. I'm telling everyone reading, that there is a technology that is superior to BTC, something that is actually working towards Satoshi's vision when he created Bitcoin.
Just to point out, land is spectacularly inflated at the moment, and the reliance of local governments on property taxes make it less valuable than one might think. And while the other things you mention are good, they are not, like everything else, safe from manipulation or the ravages of time.