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Showing 13 of 13 results by Chris1520
I would like to know your views on investing in BTC and MSTR:
1-Do you choose to invest in BTC or MSTR? Why?
2-Will MSTR continue to generate better returns than BTC?
3-Is an investment in MSTR safer than an investment in BTC?
1-Do you choose to invest in BTC or MSTR? Why?
2-Will MSTR continue to generate better returns than BTC?
3-Is an investment in MSTR safer than an investment in BTC?
1 : I did hesitate last week and consider buying some MSTR shares. Queit franckly, my main reason for this hesitation was simply based on the hope of higher returns with MSTR than BTC. As of now, I am 100% fully allocated in BTC. I've finally decide to stay focus with my original plan, stay fully allocated to BTC.
The reason is, more than simply returns, I believe in everything that BTC has to offer, and holding BTC is my way to be an activist fighting for the good fight. I believe in decentralisation, economic freedom, self sovereignty, ethical investment, sound money, and these are all aspect that BTC, and BTC only, can offer for the people.
Michael Saylor put this beautiful words into my head....BITCOIN IS HOPE.
Since then, that's what I came to believe
Bitcoin is hope.
Bitcoin allows you to protect your wealth. No one will steal it from you ! No one will get richer over YOUR back ! No one while laugh at you while you cant even defend yourself.
Bitcoin allows you to stand your ground.
Bitcoin gets you makes sure that you will be able to provide for your family.
And this is the most important point. All the energy i am putting into Bitcoin, is in the hope of being to provide my family a life that they deserve.
I dont have kids yet, but when I will, I want them to be able to live in a house with a land.
The banks have been stripping my wealth away for 35 years now. The reduce my purchasing power lower year over year.
They charged me 2.5% fees for mutual fund. They kept on charging me additionnal fees.
Bitcoin gets you to escape all this.
Bitcoin gets you to think longer term.
Bitcoin is HOPE.
Since then, that's what I came to believe
Bitcoin is hope.
Bitcoin allows you to protect your wealth. No one will steal it from you ! No one will get richer over YOUR back ! No one while laugh at you while you cant even defend yourself.
Bitcoin allows you to stand your ground.
Bitcoin gets you makes sure that you will be able to provide for your family.
And this is the most important point. All the energy i am putting into Bitcoin, is in the hope of being to provide my family a life that they deserve.
I dont have kids yet, but when I will, I want them to be able to live in a house with a land.
The banks have been stripping my wealth away for 35 years now. The reduce my purchasing power lower year over year.
They charged me 2.5% fees for mutual fund. They kept on charging me additionnal fees.
Bitcoin gets you to escape all this.
Bitcoin gets you to think longer term.
Bitcoin is HOPE.
El Salvador President, Bukele was exempted, critics made a lot of noise in the media with many articles about El Salvador's bitcoin investment heading to a loss but the Salvadoran President didn't deter in his resolute not to sell but resolved to keep holding not listening to all the critics. Today El Salvador is 40% in profit in their bitcoin investment as bitcoin price keeps rising, 40% when the halving has yet occured, and the next ATH not yet hit, how much more when it all does.
I think all bitcoin investors needs to take a leaf and learn from Bukele's firmness and resolve to HODLing even under strong press, criticism from the so-called experts. Today everyone is praising him for for holding firm.
Remember this; bitcoin will always silent the critics, our role is to just hold patiently strong.
Reading what President Bukele faced made me reflect of a really similar situation, the one of Michael Saylor, who went thru the same critics and mockeries from everybody.
And what about now ? He finally received the respect he deserved.
I think that President Bukele and Michael Saylor actions will mark history, and this will be a catalyst for dozen, then hundreds followers who will implement the same strategy in the future.
Any country's President, who is willing to help his country to climb out of poverty and misery will have a clearer path to a brighter future, the same path of President Bukele.
Any productive business that do create value and useful products and services to society will have a way to solidify its foundation by following the same path as Saylor did.
From 0's to genius. From mockerys to congratulations.
⭐ Merited by fillippone (1)
People say that they don't know what is the btc and there is no clear story for them to trust btc.
It is just an excuse that these people give themselves so they do not invest in bitcoins. Although there are many wrong and contrary information regarding bitcoins, there is still the correct information about it if only these people will make the extra effort to try and check online for it. Don't waste too much time trying to convince anybody that is proving too difficult to convince about bitcoins, leave them to their own opinions and focus on gathering more bitcoins so that later on in the future they will see the results of the decision that they refused to take.
A lot of people, mostly boomers, aren't technology friendly, which make the ''learning process'' way harder for couple reason :
- They dont know how to access/research information on internet
- It goes against every thing they knew for the last 50 + years
- They FEAR complexity
So I dont think it is necessary only about an excuses/making the effort.
But off course, excluding lets say a majority of boomers, I do agree with you that many aren't willing to make the effort !
[/quote]
It is just an excuse that these people give themselves so they do not invest in bitcoins. Although there are many wrong and contrary information regarding bitcoins, there is still the correct information about it if only these people will make the extra effort to try and check online for it.
Don't waste too much time trying to convince anybody that is proving too difficult to convince about bitcoins, leave them to their own opinions and focus on gathering more bitcoins so that later on in the future they will see the results of the decision that they refused to take.
[/quote]
Fully agree ! Once ready, they will come back to us.
Once a seed planted....it may grow. If so, our job as BTC Pastor has been achieved
⭐ Merited by fillippone (1)
People say that they don't know what is the btc and there is no clear story for them to trust btc.
But the same people don't know what is the money and how it's created and they are collateral or some type of security body by themselfes.
Little do they know how the banks even creating money.
So money the fiat currencies are unknown same like btc for many people.
Also all people live their lifes and nobody don't ask questions what's the purpose of life.
It's funny how they acting like they know everything but yet they don't nothing and then they say they know about money but don't know about btc.
Off course If some well known person will tell them let's use btc it's good and safe becouse i say so and Im trusted then people Will follow.
The same people who say things about cryptocurrency that it's unknown for them they act like they really know all about the other things what they trust,If you ask from average person can they explain the process of creating money debt and Fiat currency...they don't know.
But the same people don't know what is the money and how it's created and they are collateral or some type of security body by themselfes.
Little do they know how the banks even creating money.
So money the fiat currencies are unknown same like btc for many people.
Also all people live their lifes and nobody don't ask questions what's the purpose of life.
It's funny how they acting like they know everything but yet they don't nothing and then they say they know about money but don't know about btc.
Off course If some well known person will tell them let's use btc it's good and safe becouse i say so and Im trusted then people Will follow.
The same people who say things about cryptocurrency that it's unknown for them they act like they really know all about the other things what they trust,If you ask from average person can they explain the process of creating money debt and Fiat currency...they don't know.
Thats true ! We've seen exactly that with the vaccine. One well known person, Bill Gates, saying the vaccines are magical, and people believe it and went along with that idea in mind to get their shot.
It's a sad thing to realise are a community (the people) are so kept in the dark as in regards of money manipulation. I mean, the information is out there, its accessible, but only few go out to seek the truth !
As franky1 has pointed out, there are certain rules that the miners have NO CONTROL over. For those rules, it doesn't matter how much computing power they can control. They could have 99.99% of all the block hashing power in the world, and if they tried to break any of those rules, ALL of the remaining 0.01% of the mining power AND the non-mining nodes, merchants, and users would simply ignore every block that they created.
Thanks, that is really helpful.
I think my misunderstanding comes from me confusing two very different topic. The rules VS the miners (asics) controlling more than 51% of the network's mining hash rate.
Both or your response are helping me make sens out of this complexity. I am far from technical genious, so I am just trying to make sens of this.
anyways, pools cannot change the rules by just sending a funky format block.
but here is a list of some(not all) things a network majority hashrate mining pool could achieve:
- ignore transactions of certain government black list/sanction list of known funds from certain countries/entities
- ignore transactions of certain government black list/sanction list of known funds to certain countries/entities
- ignore transactions of certain known funds to certain unregulated, unregistered services
- empty block (no transactions at all) just to annoy the network, cause mempool congestion
- ignore low fee transactions but only include extreme high fee's
- ignore lean transactions but include extreme bloated transactions
- ignore all transactions but include their own bloat, spam transactions with high fee, at no real fee cost as fee comes back to them
- re-org latest blocks by going back to previous blockheight and re make old height blocks with different/less/no transactions included
- build faster list of solved blocks but only release 2 at a time if competing pool built 1 block ontop of theirs, to remove the competitor block
Thank you for the time you put in this response.
Reading this list got me to learn things I was not aware...or flat wrong
Definitely will go back to this !
Thank you Franky1, a lot of food for thought here !
You did introduce some notions I was not aware about.
This is clearer now. In short, as from my understanding now, and in a grossly simplified version, ''maximally penalized'' stands for Respect The Rules or Your block attemp will be reject
You did introduce some notions I was not aware about.
This is clearer now. In short, as from my understanding now, and in a grossly simplified version, ''maximally penalized'' stands for Respect The Rules or Your block attemp will be reject
Hi,
Currently reading Parking Lewis stuff and there's one thing I cant seem to understand. It is in regard of honnest/dishonnest miners.
I hear this many times in podcast and articles, the notion of ''high cost'' for miner going against the rules/consensus and being Rejected by the network.
Here's what Parker says :
The halvening is important not just because the supply of newly issued bitcoin is reduced, but also because it demonstrates that the economic incentives of the network continue to effectively coordinate and enforce the fixed supply of the currency on an entirely decentralized basis. If any miner attempts to cheat, it will be maximally penalized by the rest of the network. Nothing other than the economic incentives of the network coordinate this behavior;
All I am trying to understand is this : Suppose that an entity manages to amass a huge amount of CPU power. What happens when it is uncovered by the network honnest nodes? Can the entity keep on trying again on the same back ?
Later in the game, the entity would not suffer huge lost if it finally decides to play by the rules and perform valid work, right ?
Source : https://unchained.com/blog/bitcoin-is-not-backed-by-nothing/
Currently reading Parking Lewis stuff and there's one thing I cant seem to understand. It is in regard of honnest/dishonnest miners.
I hear this many times in podcast and articles, the notion of ''high cost'' for miner going against the rules/consensus and being Rejected by the network.
Here's what Parker says :
The halvening is important not just because the supply of newly issued bitcoin is reduced, but also because it demonstrates that the economic incentives of the network continue to effectively coordinate and enforce the fixed supply of the currency on an entirely decentralized basis. If any miner attempts to cheat, it will be maximally penalized by the rest of the network. Nothing other than the economic incentives of the network coordinate this behavior;
All I am trying to understand is this : Suppose that an entity manages to amass a huge amount of CPU power. What happens when it is uncovered by the network honnest nodes? Can the entity keep on trying again on the same back ?
Later in the game, the entity would not suffer huge lost if it finally decides to play by the rules and perform valid work, right ?
Source : https://unchained.com/blog/bitcoin-is-not-backed-by-nothing/
I am unsure if this conversation has taken place here before and what diverse opinions the community holds. Nevertheless, I wish to express that I do not believe in the concept of a bitcoin monastery. While it may seem interesting, it is not something that is not practical. In a YouTube interview I recently watched, the interviewee discussed 'Bitcoin monasteries' as a metaphor for merging technology with spiritual leadership, proposing a vision of utilizing technology constructively under spiritual guidance. Although I am not an atheist, I strongly believe that bitcoin remains neutral in terms of spirituality, gods, and metaphysical forces. Therefore, we should employ bitcoin according to our personal moral principles and not bring in any sort of spiritual perspective to it. What is you take on bitcoin monastery?
Hey man,
It is funny I came across your post cause I was wondering somes ideas about a related topic in the last few days. I've contemplate a few time the idea of Satoshi Nakamato being some type of being either from the future, or elsewhere. A being who chose to create a protocol and gave us access to it, to save us from ourselves and to liberate us. Maybe in a distant future, without his intervention, the opression of the state would have grown immensely to the point where human civilisation is not heading toward its natural evolution path.
Maybe over the years, oppression, control, corruption and violence would have destroy any possibility for a productive evolution towards the greater good.
Maybe Satoshi chose to alter the future by unlocking a way for us.
This is far fetched, but still an interesting idea.
Hi everyone,
I would love to share my thoughts on this. My views are influenced by Saifedean Ammous book's The Bitcoin Standart, that I just finished recently.
To me, Bitcoin represent a door to economic freedom, where it is possible to accumulate wealth and transfer it to the next generation.
It represent a passive way to stand up against government and to say : ''You cant steal from anymore. You cant devalue my savings anymore. You cant make of me a slave anymore''.
Bitcoin, in some ways, represent a set of values that is useful to any person who aspire to be a good person in life : it is honnest, disciplined, transparent, uncorruptible and peaceful.
Also, I see Bitcoin as the People's money - a form of many that has no elite or privilege group - accessible for everyone and is free to be used, or not, as people decide.
Finally, to me, Bitcoin represent a powerful ideology that can help people (including myself) to finally open their eyes, see things they never dare to look at, be critical thinker about it, and take action.
Please feel free to respond or expand on this so that I learn from anybody perspective !
I would love to share my thoughts on this. My views are influenced by Saifedean Ammous book's The Bitcoin Standart, that I just finished recently.
To me, Bitcoin represent a door to economic freedom, where it is possible to accumulate wealth and transfer it to the next generation.
It represent a passive way to stand up against government and to say : ''You cant steal from anymore. You cant devalue my savings anymore. You cant make of me a slave anymore''.
Bitcoin, in some ways, represent a set of values that is useful to any person who aspire to be a good person in life : it is honnest, disciplined, transparent, uncorruptible and peaceful.
Also, I see Bitcoin as the People's money - a form of many that has no elite or privilege group - accessible for everyone and is free to be used, or not, as people decide.
Finally, to me, Bitcoin represent a powerful ideology that can help people (including myself) to finally open their eyes, see things they never dare to look at, be critical thinker about it, and take action.
Please feel free to respond or expand on this so that I learn from anybody perspective !
Hey guys,
Lately, I've been putting a lot of work to educate myself toward Bitcoin, going through ressources from hope.com / 10hoursofbitcoin.com / Essays / Well document articles...... im officially down the rabbit hole.
I have the feeling that i am starting to understand deeper what Bitcoin truly is, what it brings, how it changes everything, what hope it brings, and mostly, how HONNEST it BTC is.
I am more and more amazed by it, to the point that i've lost almost any interest toward any other crypto «currencies».
To put it in other word, i want to add more bitcoin to my portfolio but with current near ATH price, i am not sure how to proceed from here.
We all know buying at/near ATH is not the best move. On the other hand, people will suggest « DCA DCA - long term long term».
Yes I've been doing DCA with BTC. I've stopped doing so at 2 weeks ago, at 59k. Thought it was getting high to buy.
What are you guys currently doing ? Still buying at 65-68k ? Waiting a for a while ?
Thank you all, and have a great day !
Lately, I've been putting a lot of work to educate myself toward Bitcoin, going through ressources from hope.com / 10hoursofbitcoin.com / Essays / Well document articles...... im officially down the rabbit hole.
I have the feeling that i am starting to understand deeper what Bitcoin truly is, what it brings, how it changes everything, what hope it brings, and mostly, how HONNEST it BTC is.
I am more and more amazed by it, to the point that i've lost almost any interest toward any other crypto «currencies».
To put it in other word, i want to add more bitcoin to my portfolio but with current near ATH price, i am not sure how to proceed from here.
We all know buying at/near ATH is not the best move. On the other hand, people will suggest « DCA DCA - long term long term».
Yes I've been doing DCA with BTC. I've stopped doing so at 2 weeks ago, at 59k. Thought it was getting high to buy.
What are you guys currently doing ? Still buying at 65-68k ? Waiting a for a while ?
Thank you all, and have a great day !
Thank you all for your response, this has been really helpful for me. I've written down all the major/key points that were said here, and this helped me clarify once for all what BTC is.
Im pretty sure the info finally sync in my brain now.
If im asked what is BTC, there's now plenty of key point im able to verbalise.
Im pretty sure the info finally sync in my brain now.
If im asked what is BTC, there's now plenty of key point im able to verbalise.
Hi all,
I've been reading a lot about Bitcoin, watching interviews from Michael Saylor, Robert Breedlove, Pomp, Preston Pysh, read a book on Bitcoin/Blockchain......but for some weird reason, i still cant formulate a basic description of what is Bitcoin.
Yesterday, I was by myself and I asked myself : If you had to describe Bitcoin to a kid, or anybody, the very basic or simple aspect of it, how would you do it ?
For some reason, I wasnt able to say much beside :
-Its decentralised, its a «store of value», it can be seen as «property» (as opposed to land or house or anything that a govt can seized from you), and that all transactions or public to everybody via Blockchain.
I dont know if im retarded (loll) but I was very insastisfied of my description of Bitcoin compared to the work i've done to educate myself. Seems like the informations dont want to sync in my brain...
In a simple way, if you would like to explain to a friend the basic concept or nature of bitcoin, what would be the 5 key points/short sentence that you would say ?
Once again, thank you Bitcoin family.
Always interesting to see your response !
I've been reading a lot about Bitcoin, watching interviews from Michael Saylor, Robert Breedlove, Pomp, Preston Pysh, read a book on Bitcoin/Blockchain......but for some weird reason, i still cant formulate a basic description of what is Bitcoin.
Yesterday, I was by myself and I asked myself : If you had to describe Bitcoin to a kid, or anybody, the very basic or simple aspect of it, how would you do it ?
For some reason, I wasnt able to say much beside :
-Its decentralised, its a «store of value», it can be seen as «property» (as opposed to land or house or anything that a govt can seized from you), and that all transactions or public to everybody via Blockchain.
I dont know if im retarded (loll) but I was very insastisfied of my description of Bitcoin compared to the work i've done to educate myself. Seems like the informations dont want to sync in my brain...
In a simple way, if you would like to explain to a friend the basic concept or nature of bitcoin, what would be the 5 key points/short sentence that you would say ?
Once again, thank you Bitcoin family.
Always interesting to see your response !