$ETH is not designed to be money, or store of value.
It's designed to be gas. Gas that is "burned" when transacting on the #Ethereum blockchain.
Demand for gas is what supports the price of $ETH, but there are no useful real world applications of Ethereum, just speculation.
Check out my new song "In Our Minds" about #Bitcoin 's power to survive all blows and the fantastic ability it gives us to store our wealth in our brains. https://youtu.be/cWgGOFlb15U
China still holds 20% of the bitcoin hashrate, despite outlawing bitcoin two years ago.
The most authoritarian country in the world cannot even ban MINING. Bitcoin is truly censorship resistant.
This is the anything can happen part of the #bitcoin cycle where relatively small amounts of fiat can push the bitcoin price around. Hopefully you understand bitcoin’s asymmetric risk/reward and can enjoy the ride.
“stay humble and stack sats” ODELL
Educated boomers typically have the hardest time getting #Bitcoin.
This is because the difficult part of learning #Bitcoin isn't figuring out the new ideas, it's unlearning the old ones.
2021: China bans BTC mining. Bitcoin recovers in just 5 months.
2022-23: $32 billion exchange FTX collapses. Bitcoin recovers in just 2 months.
#Bitcoin is unstoppable ✊
Bitcoin's incredible censorship resistance is in part derived from its lack of a team or CEO.
All the evidence suggests that your favorite coin cannot be decentralized if it has either.
If there is someone to regulate or sanction, you are in trouble.
When I first started accepting #Bitcoin as payment, I never expected it to go anywhere
Now I'm constantly loading up my truck to ship wine around the country and getting paid in REAL MONEY. #BTC
Thank you for valuing my work 🧡🤝🍷
If you don't like the number, just change the measure!
😬😬😬
"US government CPI calculation methodology change beginning in Feb-23 could mechanically drop reported CPI by 200-300 bps by end of 2q23."
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