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Bro Really How much time you took to compose it.
I was not keeping track, and I usually do not disclose that kind of largely irrelevant information anyhow.
Nonetheless, I feel like I rambled quite a bit in my last two posts.... ...
Anyhow I got all what you said. Personally i try to avoid the Shitcoins talk reason some of Our community memeber don't like and its the rightthing that this thread is for BTC Only.
I personally do not have any problem bringing up shitcoins as long as it does not appear that you are pumping them, because that ends up devolving into everyone and his/her pet rabbit wanting to talk about his/her favorite shitcoin or even to talk about which shitcoin is the least shitty of the 16k shitcoins out there. Gets old and distracting, quickly.
Unlike Your point of Some advancement in Shitcoins and the their experimental excersise made some inovation as the concept of tokenizing anything which seems attractive to user many of the Crypto users made Massive money from Shitcoins.
Did I say that you cannot make money from shitcoins?
Did we ever concede that this should be the money making thread?
Last time I checked, this was not the thread about how many ways to make money blah blah blah..
Many of us here already know that you can make money with various shitcoins, but merely because you might have made some money with shitcoin 1, 2 or shitcoin 548 does not all of a sudden make that shitcoin relevant in this thread based on those kinds of potential facts.
I don't claim to know the answer(s), but I do appreciate that bitcoin is similar to gold, but at the same time it is different from gold, too.
Like according to my understanding of your these words i think the the similarities between Gold and BTC are the store of Value ( Reserve ) and potential asset to control the Devaluation but Gold can Devalue if Supply increase.
But Difference is Decentralization, More reach to the community as compared to the Government and Centeral hands Fix in term of Supply So Devaluation not possible even if Continues Capital gained by BTC value will be like a Vertical Line towards Sky always.
I was not trying to get into the specifics, but surely if we are considering various aspects of bitcoin versus gold, bitcoin is likely around 1,000x better than gold, but it is less than 1/10 the market cap of gold (even when BTC was at it's $69k top).. So yeah it could take many years for bitcoin to reach its true value relative to gold - but at the same time, the important distinctions with bitcoin is that it is way more portable than gold, way easier to verify, more divisible, and less costly in terms of not having to have custodians.
Those bitcoin characteristics become fairly important in terms of how much more difficult it will be for the powers that be to manipulate bitcoin as they had been able to manipulate gold because bitcoiners can demand to take their bitcoin into their possession (which is way more difficult to do with gold).
Of course, there are going to be plenty of bitcoiners who will continue to trust third parties, and many bitcoiners will also contract away their right to directly take possession of their bitcoin, but these kinds of concepts regarding the value of possession or otherwise the value to verify that the third parties hold the quantity of the bitcoin that they claim to hold become way more important in terms of challenges that the powers that be are going to have in terms of manipulating bitcoin.
Sure, we are still transitioning between old systems and new systems, so there are still a lot of bitcoiners who have been keeping their bitcoin with third parties, but we are also seeing a decently large number of bitcoiners to be actually take possession of their bitcoin too... so again, I am not completely comfortable projecting the various ways that these matters are likely to play out beyond just pointing out that the past successes of the powers that be to manipulate gold does not automatically imply that they are going to have similar successes to manipulate bitcoin, especially if bitcoiners are able to really bring into question if some of the third party actors are claiming to possess way more bitcoin than they have and furthermore, there may be some instances in which no one really needs to verify if they have the bitcoin because if the bitcoin price goes up 10x, and some third parties claim to have $1billion worth of bitcoin but they only happen to have $100 million worth of bitcoin, they are likely going to be fucked if they end up losing $900 million.. and sure some of the BIG players may be able to afford some of those kinds of losses here and there, but the level of losses can end up adding up to a whole hell of a lot of value that they are not able to print their way out of such predicament that they end up putting their lil selfies into.
Poll
