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To finish I will share the Bitcoin rich list to put you in perspective of how much people have at least 0.01 in Bitcoin savings and how much people have 0.1 or more.
https://fotos.subefotos.com/ed7e4eb256b1644450abc3e42842b22eo.png
"A picture is worth a thousand words"
Do you see it?
You have to keep in mind most the address with 0 btc are 1 person.
I myself have like 500k addresses with 0 btc and when I get a few of these chips https://www.youtube.com/watch?v=HuLsrr79-Pw I`ll be doing work soon.
Title: Re: If not a "store of value" or "medium of exchange" ...
It says what it is in the first sentence of the white paper brother, a peer to peer electronic cash
Meaning it is a stand alone medium of exchange, kind of like usd,euro or yen (just not run by a country *centralized*, but by all willing participants *decentralized*)
So it is a decentralized, medium of exchange. (which people give a value)
Yes but fiat has nothing to do with the equation.
I have apples and my neighbor has pizzarolls, We trade apples for pizzarolls every year without my apples or his pizzarolls fiat price in question, it is irrelevant.
Just like how the first bitcoin trade happened, I have traded him bitcoin for the pizzarolls before bitcoin even had a price.
The people create this value, so it will always have a value on what the trade agreement is between both parties.
The fiat price of bitcoin could go to 0, bitcoin will still be traded for goods and services. That is how the first trade happened to begin with
It says what it is in the first sentence of the white paper brother, a peer to peer electronic cash
Meaning it is a stand alone medium of exchange, kind of like usd,euro or yen (just not run by a country *centralized*, but by all willing participants *decentralized*)
So it is a decentralized, medium of exchange. (which people give a value)
bitcoin is a store of value. as it first needs to be a store of value to then be a medium of exchange.
by this i mean if having no value, people wont want to exchange it.
by this i mean if having no value, people wont want to exchange it.
Yes but fiat has nothing to do with the equation.
I have apples and my neighbor has pizzarolls, We trade apples for pizzarolls every year without my apples or his pizzarolls fiat price in question, it is irrelevant.
Just like how the first bitcoin trade happened, I have traded him bitcoin for the pizzarolls before bitcoin even had a price.
The people create this value, so it will always have a value on what the trade agreement is between both parties.
The fiat price of bitcoin could go to 0, bitcoin will still be traded for goods and services. That is how the first trade happened to begin with
The real people who can decimate the fiat $cam are the vendors and producers. For if they stop accepting it...
THE REST OF YOU HAVE NOTHING!
FED, IMF, NSA, BTC!
NOTHING!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
THE REST OF YOU HAVE NOTHING!
FED, IMF, NSA, BTC!
NOTHING!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Why no real democracy when USA/CANADA/HK call themselves a democracy?
It seems almost every nation other than Switzerland has a false sense of what democracy really is.
Canada and USA have both been called a democracy, but the true meaning of democracy is that each person if they want to vote on issues.
democracy
a system of government by the whole population
decentralize
transfer (authority) from central to local government. (LOCAL MEANING US THE PEOPLE)
move departments of (a large organization) away from a single administrative center to other locations.
It appears to me, if we stopped voting people to vote for us, now everyone has a job 8.8 billion jobs created if not more because you can do this system in courts as well so 17.6 billion jobs created.
These politicians always brag about how many jobs they created, well there is decentralized voting already created in a few different blockchains, why are we not using this system? It would stop all the "Russian election hackings", all the dead voters and fake votes, if we used this system. It would also stop assassination`s of a few because now everyone is a political leader in their nation. r.i.p jfk.
Anyways, This is bullshit, fuck our current systems, us the tax payers are funding weapons of mass destruction and fucking selling them to other nations and who reaps the benefit of it all?
https://www.bbc.com/news/world-us-canada-49106989 Trump uses veto to unblock $8bn weapons sale to Saudi Arabia
https://fas.org/sgp/crs/mideast/RL33222.pdf
Us the people do not get fucking shit, and we are the reason this system is fucking thriving.
So what the fuck are we doing, impeach all of these fucks and vote for ourselves. Now we have a say where our taxes go, the laws us and our children must abide by.
I am sure if we all had a say instead of having weapons of mass destruction we would have new pools and parks and medical physicality`s, WE WOULD ALREADY HAVE A CIVILIZATION ON THE MOON AND MARS.
Canada and USA have both been called a democracy, but the true meaning of democracy is that each person if they want to vote on issues.
democracy
a system of government by the whole population
decentralize
transfer (authority) from central to local government. (LOCAL MEANING US THE PEOPLE)
move departments of (a large organization) away from a single administrative center to other locations.
It appears to me, if we stopped voting people to vote for us, now everyone has a job 8.8 billion jobs created if not more because you can do this system in courts as well so 17.6 billion jobs created.
These politicians always brag about how many jobs they created, well there is decentralized voting already created in a few different blockchains, why are we not using this system? It would stop all the "Russian election hackings", all the dead voters and fake votes, if we used this system. It would also stop assassination`s of a few because now everyone is a political leader in their nation. r.i.p jfk.
Anyways, This is bullshit, fuck our current systems, us the tax payers are funding weapons of mass destruction and fucking selling them to other nations and who reaps the benefit of it all?
https://www.bbc.com/news/world-us-canada-49106989 Trump uses veto to unblock $8bn weapons sale to Saudi Arabia
https://fas.org/sgp/crs/mideast/RL33222.pdf
Us the people do not get fucking shit, and we are the reason this system is fucking thriving.
So what the fuck are we doing, impeach all of these fucks and vote for ourselves. Now we have a say where our taxes go, the laws us and our children must abide by.
I am sure if we all had a say instead of having weapons of mass destruction we would have new pools and parks and medical physicality`s, WE WOULD ALREADY HAVE A CIVILIZATION ON THE MOON AND MARS.
Re: Shower thought. If nations/states/governments are accumulating Bitcoin, then
Spoiler: most of those farms in China where 81% of the hashing power is, are owned by the CIA, they just hide their true hashing power in different pools and country`s, for now. The USA Government has over 51% of the hashing power.
#True
What stops this? nothing, other than making each person 1 node and give equal hash rate to each participant, which would require KYC. Does not mean your KYC has to be given to a centralized body, or cooperation, but a neutral decentralized AI and blockchain can check this for us.
#True
What stops this? nothing, other than making each person 1 node and give equal hash rate to each participant, which would require KYC. Does not mean your KYC has to be given to a centralized body, or cooperation, but a neutral decentralized AI and blockchain can check this for us.
hacker attack a few months ago is not a failure in my opinion,
an exchange is said to fail if it has been attacked by hackers but after that the exchange closes and cannot refund user funds,
but binance is responsible and returns the stolen funds,
and here the real success, because the binance trade is more concerned with user responsibility and comfort.
an exchange is said to fail if it has been attacked by hackers but after that the exchange closes and cannot refund user funds,
but binance is responsible and returns the stolen funds,
and here the real success, because the binance trade is more concerned with user responsibility and comfort.
One day he will get hacked for a amount that he cannot cover, then what will he do?
You can`t print the btc out of thin air like the fiat. https://en.bitcoin.it/wiki/File:Jonny1000thetimes.png 2.0 = binance future.
Funds are not #safu, this proves it. https://thenextweb.com/hardfork/2019/07/08/binance-hack-8-million-bitcoin-cryptocurrency-stolen-transfer/
It even says it in the whitepaper, the 2nd sentence and first sentence of the bitcoin whitepaper that your funds are not safe, if you do not trade p2p.
"the main benefits are lost if a trusted third party is still required"
fucking moron thought he could roll back the blockchain to get the funds back, you trust this dipshit?
cz binance "turns out reorg is not a option, the blockchain is more resilient than we thought"
spoiler: They are fractional reserve banking with the btc, that is why they had to create their bullshit BNB coins now. I look forward to the day of mtgox2.0 it is coming.
So I guess you're one of the fans of redistributing Satoshi's coins to all the people in the world, right?
I'm really curious how are you going to weasel your way out of this one.
No I am a fan of everyone creating the supply at the same rate, to begin with and are free to enterprise after, because it is the only thing that will be accepted by merchants, vendors and producers in the future.
I am the first producer and vendor to not accept any fiat for my work or goods, More will follow suit soon as I have a large connection with many farmers in Canada.
You watch! Satoshi`s supply and Vitalik`s are not welcome for my goods and services either, unless they accept my coins at a 1:1 trade for their goods and services.
I won`t need to weasel shit, they are the fucking weasels and they will submit or starve.
I don`t give a fuck if I don`t sell anything, I got real food for a few lifetimes in my real cold storage`s and unlimited on my land, I won`t starve
.But why stop at 1000$? Make it 10 000$. No!!! A million! Two billion! 34 Trillions!Everybody should get as much "free" money as they can carry a day.
Of course, who cares where will this come from, nobody gives a damn about what 300 billion a month would cause in an economy, let there be free money!!!
Just throw money at everyone and everyone will love you till...hmmm..I heard that before...
How many times has the model of handling free money without caring to fail in order to understand that it's not a solution!
Just cheap populism hoping to get some votes, the same bs, free money, new capitalism that is actually controlled by the state, "humans" first economy, seriously are the Democrats out of candidates?
Of course, who cares where will this come from, nobody gives a damn about what 300 billion a month would cause in an economy, let there be free money!!!
Just throw money at everyone and everyone will love you till...hmmm..I heard that before...
Quote
The trouble with Socialism is that eventually, you run out of other people's money.
How many times has the model of handling free money without caring to fail in order to understand that it's not a solution!
Just cheap populism hoping to get some votes, the same bs, free money, new capitalism that is actually controlled by the state, "humans" first economy, seriously are the Democrats out of candidates?
Perhaps the money should be given to people who actually deserve it, the majority of the population, the working class. (people who actually give up lifespan at a exceeding rate to serve others)
It works when all the people have food water and shelter, and the city`s are more self sustaining and housing. So wait what are we suppose to do let a few create the supply while the rest of us slave for it?
Fuck that, everyone should make the supply at the same rate, then enterprise if they want to.
Re: IF Trump via Executive Order Banned Bitcoin, what are consequences if any?
https://www.bbc.com/news/world-us-canada-49106989
Trump uses veto to unblock $8bn weapons sale to Saudi Arabia. So he can override congress.
I mean if he is worried about vaping killing people, why is he selling 8 billion of weapons?
If he does it, nothing will happen, because unlike Executive Order 6102 done by Franklin D. Roosevelt. Bitcoin is not physical, Gold is Physical, so they could actually take it from you.
They cannot take your bitcoins if you do not give them your key. So they can`t cease it, even if they wanted to.
Why would they want to ban their trojan horse for fiat into the new world crypto Unless like the genesis block for more reverse social engineering
They only ban their competitors that they know have a chance to uproot them like facebook, Although facebookcoin would 100% end up like this
https://www.youtube.com/watch?v=bCTJ_Cp_uOY Chinese New Face Recognition Vending Machine!!
When you have a database of everyone's face, you can use that with drones.
If face scanned does not match database country member +shoot gun on drone.
Yah we kinda fucked, China drones will wipe us all in the next 10 years, The nukes and military will not be able to stop it.
I am sure some rich religious fucktards are going to use this in the future because they think they are the chosen people or some shit.
Trump uses veto to unblock $8bn weapons sale to Saudi Arabia. So he can override congress.
I mean if he is worried about vaping killing people, why is he selling 8 billion of weapons?
If he does it, nothing will happen, because unlike Executive Order 6102 done by Franklin D. Roosevelt. Bitcoin is not physical, Gold is Physical, so they could actually take it from you.
They cannot take your bitcoins if you do not give them your key. So they can`t cease it, even if they wanted to.
Why would they want to ban their trojan horse for fiat into the new world crypto
Unless like the genesis block for more reverse social engineering They only ban their competitors that they know have a chance to uproot them like facebook, Although facebookcoin would 100% end up like this
https://www.youtube.com/watch?v=bCTJ_Cp_uOY Chinese New Face Recognition Vending Machine!!
When you have a database of everyone's face, you can use that with drones.
If face scanned does not match database country member +shoot gun on drone.
Yah we kinda fucked, China drones will wipe us all in the next 10 years, The nukes and military will not be able to stop it.
I am sure some rich religious fucktards are going to use this in the future because they think they are the chosen people or some shit.