Reading comments like @JordanEliseo’s above make me so incredibly bullish. We’re still so incredibly early, seeing how most people are yet to grasp these basic facts.
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Replying to @CryptoNietzsche @MustStopMurad
I grasp the facts mate - my point is bitcoin on an exchange is hackable/and far riskier that conventional assets - it’s safe from this 1/2
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If Kept in cold storage etc, but a gold Ingot or a banknote buried in the ground is unhackable too. That’s not the future of money 2/2
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Replying to @JordanEliseo @CryptoNietzsche
1. Cold storage + Private key management UX will be made smoother and smoother. 2. Have you heard of decentralized, non-custodial exchanges? 3. See below. No one my age (23) is buying Gold. Bitcoin is 10x superior to Gold, in almost every way.pic.twitter.com/E598opm7Ao
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Replying to @MustStopMurad @CryptoNietzsche
yes re point 2 - i've heard.....Thats a super cool table btw - though not sure gold is a "D" for portable. $50k fits in for your pocket. And curious BTC (and fiat) get a B for fungible! Does table come from an article you can share?
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Replying to @JordanEliseo @CryptoNietzsche
Can you carry $5 Billion worth of Gold through an airport?
And yes:https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1 …3 replies 1 retweet 6 likes -
Also, Bitcoin’s supply inflation will go below even that of Gold in 2021, and will be increasingly disinflationary.
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Also, Bitcoin is much more unseizable than Gold. Throughout history, in USSR, India and even USA Gold has repeatedly been taken away by people. This is impossible with Bitcoin. It’s an even stronger hedge against authority.
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Replying to @MustStopMurad @CryptoNietzsche
I'm sorry but that argument doesn't stack......the only way any asset is "safe" is if you bury it...and Bitcoin is no safer than gold in that regard.....The fact gold has been confiscated (decades ago) and Bitcoin hasn't proves nothing 1/2
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if anything it just proves that Bitcoin hasn't even survived a full credit cycle yet.....which is no critique of it per se, but the censorship resistant argument is a nonsense IMO
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You do realize you can store unlimited amount of Bitcoin in your brain? And take it with you anywhere you go? No need to bury anything. This isn’t Pirates of the Carribean.
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Replying to @MustStopMurad @CryptoNietzsche
what if "they" hack your brain :-) in all seriousness - you're technically correct, though i'd argue committing something to memory is a super high risk strategy
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Replying to @JordanEliseo @CryptoNietzsche
Taking a bar of Gold is easier and less expensive than torturing millions of people
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