No it isn't. It has two use cases, a stablecoin platform and a platform for token scams. It's losing market share all the time to other rubbish like Solana. Why would anyone in their right mind hold chuck-e-cheese…
You think they're going to approve an ETF for a premined unregistered security scam? Ethereum is to Bitcoin as dogshit is to gold.
"How do I ensure I don't make any money from a flood of money pouring into an absolutely scarce digital asset" I'm sure your performative nocoinering will feel really good in a year when you're wrong yet again.
You think that all the Bitcoin believers who buy relentlessly each week without question will suddenlly stop if they can now get 3x as much BTC for their fiat? Oh my sweet summer child...
It can be if you want it to be https://graduallythensuddenly.xyz/pay-me-in-bitcoin-theory/
>Good, I hope they dump it suddenly and without warning. Aww do you? :'( A record amount of BTC not moved on chain for the long term has reached all time highs, "wash trading" or not, that can't be faked, it's being…
I'm not talking about "crypto", I'm talking about Bitcoin. Bitcoin is not free to send or trade. The vast majority of Bitcoin is held by long term holders and hasn't moved on chain in years. Saving in hard money is the…
No it isn't.
The market cap of Bitcoin is hundreds of billions, and estimates put the number of people owning Bitcoin in the hundreds of millions. You can find the data yourself.
Yeah, and by doing so they got rid of 99.99% of their security and censorship resistance. PoS is Fiat 2.0. It's not worth mentioning in the same breath as Bitcoin, not that it ever was.
[flagged]
Cool. Buying more Bitcoin.
You've said a lot without making any real points there. How does allowing people to send small tipping amounts of Bitcoin for fun from their hot wallet mean "bad actors ruining things for the rest of us"? >Do you…
Anything else you want banned just because you don't like it authoritarian? If you don't like it just don't use it. You're financially privileged, just stick to your transactions your bank let you do and let other…
Why does sending Bitcoin peer to peer within an app offend you so much? Are there any other areas where you are this authoritarian?
Except he compares Bitcoin's irreversable final settlement transactions per seconds metric to Visa's tps which is more akin to the lightning network. Apples to Oranges.
Yep, Stephen Diehl is not somebody to be taken seriously
Bitcoin has grown to the size it has by people voluntarily opting in. And it continues to grow. What you desribe is happening.
Yes it is. And yes it will.
PoW is the only way to secure a decentralised ledger. It's literally the magic that makes it valuable as money. Thank God it'll never move away from Proof-of-Work.
Bitcoin
"ANY consumption is bad" You really aren't getting this are you. Energy in place A can't be magically transported to place B where it's needed for what you bless as acceptable usage. Bicoin miners aren't using grid…
Bitcoin mining secures hundreds of billions of value for hundreds of millions of people going back to the very first transaction. It produces security, a forcefield around a financial system, and the miners get paid to…
Either the money is permissionless or it isn't. If everyone can use it that means people you don't like can too. Like the internet. If I can send packet to my friend with a message then so can a terrorist.
Not a good or desirable one in your opinion. It is absolutely good and desirable in my opinion to have neutral money that can be used by anybody but controlled by nobody. The US dollar is secured by military force which…
No it isn't. It has two use cases, a stablecoin platform and a platform for token scams. It's losing market share all the time to other rubbish like Solana. Why would anyone in their right mind hold chuck-e-cheese…
You think they're going to approve an ETF for a premined unregistered security scam? Ethereum is to Bitcoin as dogshit is to gold.
"How do I ensure I don't make any money from a flood of money pouring into an absolutely scarce digital asset" I'm sure your performative nocoinering will feel really good in a year when you're wrong yet again.
You think that all the Bitcoin believers who buy relentlessly each week without question will suddenlly stop if they can now get 3x as much BTC for their fiat? Oh my sweet summer child...
It can be if you want it to be https://graduallythensuddenly.xyz/pay-me-in-bitcoin-theory/
>Good, I hope they dump it suddenly and without warning. Aww do you? :'( A record amount of BTC not moved on chain for the long term has reached all time highs, "wash trading" or not, that can't be faked, it's being…
I'm not talking about "crypto", I'm talking about Bitcoin. Bitcoin is not free to send or trade. The vast majority of Bitcoin is held by long term holders and hasn't moved on chain in years. Saving in hard money is the…
No it isn't.
The market cap of Bitcoin is hundreds of billions, and estimates put the number of people owning Bitcoin in the hundreds of millions. You can find the data yourself.
Yeah, and by doing so they got rid of 99.99% of their security and censorship resistance. PoS is Fiat 2.0. It's not worth mentioning in the same breath as Bitcoin, not that it ever was.
[flagged]
Cool. Buying more Bitcoin.
You've said a lot without making any real points there. How does allowing people to send small tipping amounts of Bitcoin for fun from their hot wallet mean "bad actors ruining things for the rest of us"? >Do you…
Anything else you want banned just because you don't like it authoritarian? If you don't like it just don't use it. You're financially privileged, just stick to your transactions your bank let you do and let other…
Why does sending Bitcoin peer to peer within an app offend you so much? Are there any other areas where you are this authoritarian?
Except he compares Bitcoin's irreversable final settlement transactions per seconds metric to Visa's tps which is more akin to the lightning network. Apples to Oranges.
Yep, Stephen Diehl is not somebody to be taken seriously
Bitcoin has grown to the size it has by people voluntarily opting in. And it continues to grow. What you desribe is happening.
Yes it is. And yes it will.
PoW is the only way to secure a decentralised ledger. It's literally the magic that makes it valuable as money. Thank God it'll never move away from Proof-of-Work.
Bitcoin
"ANY consumption is bad" You really aren't getting this are you. Energy in place A can't be magically transported to place B where it's needed for what you bless as acceptable usage. Bicoin miners aren't using grid…
Bitcoin mining secures hundreds of billions of value for hundreds of millions of people going back to the very first transaction. It produces security, a forcefield around a financial system, and the miners get paid to…
Either the money is permissionless or it isn't. If everyone can use it that means people you don't like can too. Like the internet. If I can send packet to my friend with a message then so can a terrorist.
Not a good or desirable one in your opinion. It is absolutely good and desirable in my opinion to have neutral money that can be used by anybody but controlled by nobody. The US dollar is secured by military force which…