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To reiterate - because I have a feeling it may come up down the road - it's not bitcoiners' fault that governments over-spent and killed their currencies.
Dan
52.4K posts
Dan
@robustus
Terran System
Joined March 2008
- In 2011 when Gox was hacked & BTC market-dumped to a penny, that was the entire ecosys. In 2012 when pirateat40 blew up, that swung the market 50% in a few days. 1/
- Hey Michael, I don't think this is what BlackRock meant by 2% target allocation.
- Binance, Kraken, Coinbase: never lost customer money. DoJ &/or SEC go after them. FTX: biggest fraud since Madoff & customers rekt. Politicians accept millions in donations from SBF, and the bureaucrats get cozy with him Gov just keepin us all safe right? ยฏ\_(ใ)_/ยฏ
- I have no opinion on whether Bitcoin is entering a bear phase or not, but here are some things people say in every bear market, that have been proven wrong every time: 0/
- Hey, remember this? Here we are, 5 years later. Scoreboard: Gold: +54% Bitcoin: +3533%
- Warren Buffet took 90 years to be worth $103 billion. Bitcoin took 12 years to be worth $1.1 trillion.
- So... Bitcoin is gonna be the only thing available to trade on Inauguration Day. That should be interesting.
- Gold is down $1 trillion today. Bitcoin has never lost $1 trillion in a day.
- Replying to @robustus8/ So by comparison one top-ten coin blowing up, representing less than 5% of total crypto mcap, doesn't phase me too much. But maybe I've just seen too many things at this point.
- - buy cheap land in the middle of nowhere with a small river on it - build vortex turbine - add Bitcoin miners - add Starlink - create blocks, get rewards
- Replying to @robustus7/ And yet despite all that, here we are, up 581,000% over the decade: (via: casebitcoin.com/charts )
- Bitcoin's initial token allocation: Team: 0% Foundation: 0% Investors: 0% Advisors: 0% Community Sale: 0% Liquidity Incentives: 0% Ecosystem Fund: 0% Marketing Budget: 0%
