Bitcoin Forum
May 10, 2024, 08:49:04 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Bitcoin advertisements are a bit outdated  (Read 268 times)
dzungmobile
Sr. Member
****
Offline Offline

Activity: 714
Merit: 370


I stand with Ukraine!


View Profile
May 06, 2024, 01:29:54 PM
 #21

I used to say "1 BTC = 1 BTC", until I realized that's like saying "1 USD = 1 USD", and it's not true. That's why USD-prices are usually related to a year: a dollar in 1960 was worth a lot more than a dollar now. And a Bitcoin in 2010 was worth a lot less than a Bitcoin now.
This is a most classic saying I knew and I admired it, felt like it is very viral but I started to realize this saying is only to mislead newbies.

No offend to you, LoyceV, and I believe you understand I did not imply it.

It misleads newbies like "HODL your bitcoin, forever, don't sell it". I agree that Bitcoin is one and only chance in investment life but people actually need money and it's not wrong if they sell part of their bitcoins, to have cash. They can withdraw their bitcoin gradually and it's not wrong to make partial sale to enjoy profit from an investment.

Fiats lose their purchasing powers like US. dollar.
Purchasing power of the US. dollar over time

Bitcoin purchasing power has an opposite trend.
https://charts.bitbo.io/bitcoin-vs-fiat/
https://charts.bitbo.io/satoshi-per-dollar/

███████████████████████████████▀▀▀▀
███████████████████████████████
█████████▀▀▀▀▀█▀█▀▀▀▀▀█████████
███▄▀▀▀   ▄▄▄▄   ▄▄▄▄   ▀▀▀▄███
███████▀▀▀████▌ ▐████▀▀▀███████
█████▀███▀█▀██▌ ▐██▀█▀███▀█████
███████▀▄▀▄███▌ ▐███▄▀▄▀███████
█████▄██▄██▄██   ██▄██▄██▄█████
███████▄▄▄████   ████▄▄▄███████
██████████▀▀▀▀   ▀▀▀▀██████████
██████████▄▄▄▄▄▄▄▄▄▄▄██████████
███████████████████████████████
███████████████████████████████▄▄▄▄
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
.
TRUST DICE
.
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
▀▀▀█











▄▄▄█
█▀▀▀











█▄▄▄
#1 RATED CRYPTO
CASINO IN THE WORLD
██ ██ ██ ██ █Trustpilot
▀▀▀█











▄▄▄█
▄█████████████████████████████
██████████████████▀▀█████▀▀████
█████████████████▀█████████▀███
██████████████████████████████
███████████████████████████▄███
█████████████████████████▄▄████
███████████████████████████████
█████████████░░░███████████████
███████████░░░█████████████████
█████████░░████████████████████
█████░░░██████████████████████
███░░█████████████████████████
▀░░░█████████████████████████▀
█▀▀▀











█▄▄▄
▀▀▀█











▄▄▄█
1715330944
Hero Member
*
Offline Offline

Posts: 1715330944

View Profile Personal Message (Offline)

Ignore
1715330944
Reply with quote  #2

1715330944
Report to moderator
1715330944
Hero Member
*
Offline Offline

Posts: 1715330944

View Profile Personal Message (Offline)

Ignore
1715330944
Reply with quote  #2

1715330944
Report to moderator
"Governments are good at cutting off the heads of a centrally controlled networks like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own." -- Satoshi
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715330944
Hero Member
*
Offline Offline

Posts: 1715330944

View Profile Personal Message (Offline)

Ignore
1715330944
Reply with quote  #2

1715330944
Report to moderator
1715330944
Hero Member
*
Offline Offline

Posts: 1715330944

View Profile Personal Message (Offline)

Ignore
1715330944
Reply with quote  #2

1715330944
Report to moderator
Casdinyard
Hero Member
*****
Offline Offline

Activity: 2058
Merit: 882


Leading Crypto Sports Betting and Casino Platform


View Profile
May 06, 2024, 03:54:20 PM
 #22

Recently, I came over a Bitcoin advertisement from Bitcointalk (theymos has enabled some advertisements for Bitcoin itself) but it seems some statements are a bit outdated.

For example, one advertisement says Bitcoin is still beta software and it looks like more like a statement from a Bitcoin critic:



Personally, I would not expect such a statement in a Bitcoin forum because after 15 years, Bitcoin is very proven and not really beta software anymore.

Maybe it's time to remove some advertisement slogans once getting outdated?

These are not advertisements, they are factoids, which as the name implies are some snippets of information and good-to-know shit about bitcoin and blockchain, these days except for a few of those timeless advices these are regarded by many as relics of a decade old forum board, which we keep for sentimental purposes (I think, don't quote me on that one).

So while these things are outdated, at least some of them I think, the thing is that they won't go anywhere, they don't harm anyone anyway, and at the end of the day, it's really cool having some sort of piece of the past actively being put out as some sort of easter egg every now and again when you make a post (far as I know there is a certain rarity to these things, not sure what the exact percentage is but if I'm not mistaken it's somewhere in the ballpark of 9-20 percent)

So yeah, next time you see these factoids instead of focusing on how outdated they are, perhaps look at it as something that shows you this forum and this industry stood the test and challenges of time, and became stronger than ever.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
shahzadafzal
Copper Member
Legendary
*
Offline Offline

Activity: 1540
Merit: 2912



View Profile
May 06, 2024, 06:47:29 PM
Merited by philipma1957 (1)
 #23

I used to say "1 BTC = 1 BTC", until I realized that's like saying "1 USD = 1 USD", and it's not true. That's why USD-prices are usually related to a year: a dollar in 1960 was worth a lot more than a dollar now. And a Bitcoin in 2010 was worth a lot less than a Bitcoin now.

I beg to differ, please...

1 BTC = 1 BTC is indeed a true statement, but 1 USD ≠ 1 USD in terms of value.

Reason No. 1: Firstly, we know the total supply of BTC is fixed at 21,000,000 (regardless of the circulating supply). This ensures the statement will always hold true—today, tomorrow, or even after 2140, when all bitcoins have been mined.

Reason No. 2: The statement "1 BTC = 1 BTC" emphasizes Bitcoin as a standalone entity, completely untethered from traditional financial systems.

Reason No. 3: "1 USD = 1 USD" does not carry the same philosophical weight because its supply is unlimited. The Federal Reserve can decide to increase the money supply whenever they wish. While numerically correct, "1 USD = 1 USD" fails to hold true in terms of value.


█▀▀▀











█▄▄▄
▀▀▀▀▀▀▀▀▀▀▀
e
▄▄▄▄▄▄▄▄▄▄▄
█████████████
████████████▄███
██▐███████▄█████▀
█████████▄████▀
███▐████▄███▀
████▐██████▀
█████▀█████
███████████▄
████████████▄
██▄█████▀█████▄
▄█████████▀█████▀
███████████▀██▀
████▀█████████
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
c.h.
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
▀▀▀█











▄▄▄█
▄██████▄▄▄
█████████████▄▄
███████████████
███████████████
███████████████
███████████████
███░░█████████
███▌▐█████████
█████████████
███████████▀
██████████▀
████████▀
▀██▀▀
LoyceV
Legendary
*
Online Online

Activity: 3304
Merit: 16625


Thick-Skinned Gang Leader and Golden Feather 2021


View Profile WWW
May 06, 2024, 07:46:53 PM
 #24

Reason No. 2: The statement "1 BTC = 1 BTC" emphasizes Bitcoin as a standalone entity, completely untethered from traditional financial systems.
I'd argue that's not realistic. I don't hold Bitcoin "just to hold Bitcoin", it's a means to an end. In the end, what matters is purchasing power, and avoiding infinite inflation.

Quote
While numerically correct, "1 USD = 1 USD" fails to hold true in terms of value.
So does "1 BTC = 1 BTC", it just "fails" in the other direction (on average, measured in purchasing power).

philipma1957
Legendary
*
Offline Offline

Activity: 4116
Merit: 7864


'The right to privacy matters'


View Profile WWW
May 07, 2024, 12:04:33 AM
 #25

I used to say "1 BTC = 1 BTC", until I realized that's like saying "1 USD = 1 USD", and it's not true. That's why USD-prices are usually related to a year: a dollar in 1960 was worth a lot more than a dollar now. And a Bitcoin in 2010 was worth a lot less than a Bitcoin now.

I beg to differ, please...

1 BTC = 1 BTC is indeed a true statement, but 1 USD ≠ 1 USD in terms of value.

Reason No. 1: Firstly, we know the total supply of BTC is fixed at 21,000,000 (regardless of the circulating supply). This ensures the statement will always hold true—today, tomorrow, or even after 2140, when all bitcoins have been mined.

Reason No. 2: The statement "1 BTC = 1 BTC" emphasizes Bitcoin as a standalone entity, completely untethered from traditional financial systems.

Reason No. 3: "1 USD = 1 USD" does not carry the same philosophical weight because its supply is unlimited. The Federal Reserve can decide to increase the money supply whenever they wish. While numerically correct, "1 USD = 1 USD" fails to hold true in terms of value.



Well the dollar has infinite inflation potential .
Btc is fixed and has zero inflation.


So I can see your point for inflation.

But for purchase power btc is not flat. So LoyceV has a point.


Maybe we need a different solgan.


▄▄███████▄▄
▄██████████████▄
▄██████████████████▄
▄████▀▀▀▀███▀▀▀▀█████▄
▄█████████████▄█▀████▄
███████████▄███████████
██████████▄█▀███████████
██████████▀████████████
▀█████▄█▀█████████████▀
▀████▄▄▄▄███▄▄▄▄████▀
▀██████████████████▀
▀███████████████▀
▀▀███████▀▀
.
 MΞTAWIN  THE FIRST WEB3 CASINO   
.
.. PLAY NOW ..
LoyceV
Legendary
*
Online Online

Activity: 3304
Merit: 16625


Thick-Skinned Gang Leader and Golden Feather 2021


View Profile WWW
May 07, 2024, 06:12:50 AM
 #26

Maybe we need a different solgan.
I came up with "1 BTC > 1 BTC", but that's confusing Tongue Maybe there's just nothing to compare a deflationary asset with.

shahzadafzal
Copper Member
Legendary
*
Offline Offline

Activity: 1540
Merit: 2912



View Profile
May 07, 2024, 06:38:26 AM
Merited by LoyceV (2)
 #27

Maybe we need a different solgan.
I came up with "1 BTC > 1 BTC", but that's confusing Tongue Maybe there's just nothing to compare a deflationary asset with.


Wait a minute i remember something....

Quote
1 BTC = 1 BTC
or is it
Quote
1 BTC == 1 BTC
?
technically the first statement is not a boolean.
but the second statement is TRUE .  Grin
..but if you comparejavascript:void(0); strings you have to use quotes Smiley
Quote
"1 BTC" == "1 BTC"
Put this way,
"1 BTC" = "1 BTC"
would just raise an error, right?
Well I guess a variable of "1 BTC" could recursively store itself and then lead to an "OutOfMemory" situation. Smiley
....
1 BTC = 1 BTC -> 1 BTC
1 BTC == 1 BTC -> true
I am sorry to spoil the fun, but the only right answer is 1 BTC != 1 BTC. Few understand this.

Yes....  1 BTC != 1 BTC

Because 1 BTC is always one, single and only unique 1 BTC... to be more specific among 21 million BTC none of them is equal to any other, they are all unique. Am I right?


One more.... put it in another way logically 1 BTC > 1 BTC

1 BTC (new) > 1 BTC (old)             
1 BTC (tomorrow) > 1 BTC (today) 
1 BTC (future) > 1 BTC (present)

Prove me wrong.

█▀▀▀











█▄▄▄
▀▀▀▀▀▀▀▀▀▀▀
e
▄▄▄▄▄▄▄▄▄▄▄
█████████████
████████████▄███
██▐███████▄█████▀
█████████▄████▀
███▐████▄███▀
████▐██████▀
█████▀█████
███████████▄
████████████▄
██▄█████▀█████▄
▄█████████▀█████▀
███████████▀██▀
████▀█████████
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
c.h.
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
▀▀▀█











▄▄▄█
▄██████▄▄▄
█████████████▄▄
███████████████
███████████████
███████████████
███████████████
███░░█████████
███▌▐█████████
█████████████
███████████▀
██████████▀
████████▀
▀██▀▀
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!