He's not a multi-billionaire in fiat, he's a multi-billionaire in BTC. Just because you translate BTC value to fiat doesn't make his BTC assets fiat. If I hold one million in gold am I a fiat millionaire too? How dumb is this post?
My point was his assets are entirely in BTC. Saying 1mil BTC translates to him being multi-billionaire in fiat currency doesn't mean anything unless he cashes out.
So yes, he's still a multi-billionaire in BTC, just like owning 100 tons of gold will make you a multi-billionaire in gold (because fiat is used as the benchmark for value).
b) Nature implies all moving value; each being within the evaluation thereof.
c) Evaluating moving value implies natural fiat...holding onto suggested values implies artificial fiat. If one measures fiat in BTC; $ or gold, then ones mind holds onto suggested value...an artificial fiat utilized by others to tempt one to devalue self.
translate
Trans implies natural transfer of evaluation (perception) within value (perceivable)...Late/lātus (to carry) implies ones consent holding onto the suggested values by another.
Trans (transfer) late (to carry) ion (action) implies ones choice to carry artifice, while ignoring the natural transfer (inception towards death) of being (life)...that's a self imposed burden aka a sin.
Fiat money is a type of government-issued currency, authorized by government regulation to be legal tender. Typically, fiat currency is not backed by a precious metal, such as gold or silver, nor by any other tangible asset or commodity.
Is BTC issued by a government or a central bank?
There is no other value on it other than the next dumb guy buying it. It's pure speculation.
Wrong. The value of BTC is defined by the unparalleled decentralized network, the limited supply ensuring 0 inflation and institutional meddling, and the blockchain technology itself. But do tell me what is the intrinsic value of gold, what drives its price and how it's not a speculative asset?
BTC is at an all time high rn. Calling people who hold it dumb doesn't make you look that smart. I've been hearing about the bubble bursting "anytime now" for 10+ years and it only gets stronger and its adoption more widespread.
He's not a multi-billionaire in fiat, he's a multi-billionaire in BTC. Just because you translate BTC value to fiat doesn't make his BTC assets fiat. If I hold one million in gold am I a fiat millionaire too? How dumb is this post?
He owns 1.096 million BTC
It's right there in the image.
I love it when people come off as smartasses when being polite and respectful would serve them better.
Dunning-Kruger in effect
My point was his assets are entirely in BTC. Saying 1mil BTC translates to him being multi-billionaire in fiat currency doesn't mean anything unless he cashes out.
So yes, he's still a multi-billionaire in BTC, just like owning 100 tons of gold will make you a multi-billionaire in gold (because fiat is used as the benchmark for value).
a) Fiat (let it be done) from bheue (to be, exist; grow)... https://www.etymonline.com/word/fiat
b) Nature implies all moving value; each being within the evaluation thereof.
c) Evaluating moving value implies natural fiat...holding onto suggested values implies artificial fiat. If one measures fiat in BTC; $ or gold, then ones mind holds onto suggested value...an artificial fiat utilized by others to tempt one to devalue self.
Trans implies natural transfer of evaluation (perception) within value (perceivable)...Late/lātus (to carry) implies ones consent holding onto the suggested values by another.
Trans (transfer) late (to carry) ion (action) implies ones choice to carry artifice, while ignoring the natural transfer (inception towards death) of being (life)...that's a self imposed burden aka a sin.
Is BTC issued by a government or a central bank?
Wrong. The value of BTC is defined by the unparalleled decentralized network, the limited supply ensuring 0 inflation and institutional meddling, and the blockchain technology itself. But do tell me what is the intrinsic value of gold, what drives its price and how it's not a speculative asset?
BTC is at an all time high rn. Calling people who hold it dumb doesn't make you look that smart. I've been hearing about the bubble bursting "anytime now" for 10+ years and it only gets stronger and its adoption more widespread.