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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Replying to @MustStopMurad @CryptoNietzsche
have you ever pondered that if we'll run out of something - maybe that something isn't the thing we should use as money.....no asset has golds track record as a monetary medium - and yet - we've never run out of it....its supply is stable, not fixed. Its a critical distinction
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Replying to @JordanEliseo @CryptoNietzsche
That’s precisely why Bitcoin is a superior Store of Value. 0% supply inflation is even better than Gold’s 1.5% supply inflation.
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Replying to @MustStopMurad @CryptoNietzsche
superficially yes, which is why i see
#bitcoin as the best marketed illusion of all time, because there's enough truth in it to cover up the absurdity of the whole enterprise......but what kind of monetary system runs out of money.....2 replies 0 retweets 1 like
You do realize that the monetary premia atop Fiat, Gold and Bitcoin are all illusions? All money-forms are social hallucinations. Bitcoin has superior properties.pic.twitter.com/EnGoBaEshB
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