The Federal Reserve 'backs' the USD by issuing more of it, which leads to inflation. Bitcoin, on the other hand, is backed by a decentralized network and its fixed supply, ensuring no entity can dilute its value like central banks do with fiat currencies.
December 5, 2024 at 5:25 PM
The Federal Reserve 'backs' the USD by issuing more of it, which leads to inflation. Bitcoin, on the other hand, is backed by a decentralized network and its fixed supply, ensuring no entity can dilute its value like central banks do with fiat currencies.
Just checked the dudes profile and he's a banker.. their industry sees crypto as a threat and they chose to stay uneducated, I think I'm done skeetin on this thread now tbh
December 5, 2024 at 5:03 PM
Just checked the dudes profile and he's a banker.. their industry sees crypto as a threat and they chose to stay uneducated, I think I'm done skeetin on this thread now tbh
Bitcoin’s value isn’t just speculation or gambling—it’s driven by its utility as a decentralized store of value, its fixed supply, and its ability to operate independently of government control. Like gold, it holds value due to scarcity, security, and global adoption, not policy intervention.
December 5, 2024 at 5:02 PM
Bitcoin’s value isn’t just speculation or gambling—it’s driven by its utility as a decentralized store of value, its fixed supply, and its ability to operate independently of government control. Like gold, it holds value due to scarcity, security, and global adoption, not policy intervention.
Bitcoin is often seen as digital gold—a long-term store of value since its inception. It doesn’t fluctuate $10K every 10 minutes; those are exaggerated cases during high volatility. Over time, BTC’s value has grown, with its scarcity and decentralization driving stability as adoption increases...
December 5, 2024 at 3:57 PM
Bitcoin is often seen as digital gold—a long-term store of value since its inception. It doesn’t fluctuate $10K every 10 minutes; those are exaggerated cases during high volatility. Over time, BTC’s value has grown, with its scarcity and decentralization driving stability as adoption increases...
Coordinated BTC pump-and-dumps affect price temporarily, but they don’t compromise the blockchain’s integrity. A coordinated hashrate takeover targets the network itself, which is far costlier and harder. USD’s penny fluctuations seem minor but impact trillions globally through inflation and debt...
December 5, 2024 at 3:54 PM
Coordinated BTC pump-and-dumps affect price temporarily, but they don’t compromise the blockchain’s integrity. A coordinated hashrate takeover targets the network itself, which is far costlier and harder. USD’s penny fluctuations seem minor but impact trillions globally through inflation and debt...
USD does get manipulated though, Central banks can print trillions overnight, devaluing savings through inflation. Policies like quantitative easing artificially inflate the economy, shifting value away from everyday holders. Bitcoin’s fixed supply avoids this kind of dilution.
December 5, 2024 at 3:24 PM
USD does get manipulated though, Central banks can print trillions overnight, devaluing savings through inflation. Policies like quantitative easing artificially inflate the economy, shifting value away from everyday holders. Bitcoin’s fixed supply avoids this kind of dilution.
A 51% attack on Bitcoin would cost over $20B in hardware alone, plus massive energy and coordination costs, making it highly impractical. By contrast, fiat can be devalued overnight via central policies like QE. Bitcoin's decentralization protects against such manipulation.
December 5, 2024 at 3:22 PM
A 51% attack on Bitcoin would cost over $20B in hardware alone, plus massive energy and coordination costs, making it highly impractical. By contrast, fiat can be devalued overnight via central policies like QE. Bitcoin's decentralization protects against such manipulation.
Crypto's price is influenced by trends, like any market, but sentiment isn’t the sole driver. Bitcoin's value comes from its scarcity, decentralized security, and real-world use cases. Political comments can cause swings, but fundamentals—not whims—underpin its long-term growth..
December 5, 2024 at 2:22 PM
Crypto's price is influenced by trends, like any market, but sentiment isn’t the sole driver. Bitcoin's value comes from its scarcity, decentralized security, and real-world use cases. Political comments can cause swings, but fundamentals—not whims—underpin its long-term growth..
That's where you're wrong it's not based on air. It's backed by decentralized computing power, a fixed supply, and the security of its blockchain. Its value stems from utility, transparency, and the trust of its growing global community, not arbitrary belief 💁
December 5, 2024 at 1:25 PM
That's where you're wrong it's not based on air. It's backed by decentralized computing power, a fixed supply, and the security of its blockchain. Its value stems from utility, transparency, and the trust of its growing global community, not arbitrary belief 💁
Elon didn’t crash Bitcoin; he influenced short-term sentiment in an immature market. BTC's fundamentals—decentralization, fixed supply—remain unchanged. Early markets (like tech stocks once) react to personalities, but over time, adoption and utility drive stability, not tweets.
December 5, 2024 at 1:13 PM
Elon didn’t crash Bitcoin; he influenced short-term sentiment in an immature market. BTC's fundamentals—decentralization, fixed supply—remain unchanged. Early markets (like tech stocks once) react to personalities, but over time, adoption and utility drive stability, not tweets.
3.6% lower? 😂 The price rn is far higher than $36,000...
December 5, 2024 at 1:12 PM
3.6% lower? 😂 The price rn is far higher than $36,000...
He can't just "make the price of crypto crash" there's no CEO or president of Bitcoin, fuck Elon and fuck DJT
December 5, 2024 at 7:54 AM
He can't just "make the price of crypto crash" there's no CEO or president of Bitcoin, fuck Elon and fuck DJT
Tariffs, inflation, and interest rates are macro factors tied to fiat, yet their outcomes are often unpredictable. Crypto markets have volatility, yes, but it's driven by adoption, regulation, and sentiment. BTC's fixed supply and decentralization reduce susceptibility to single actors like Elon
December 5, 2024 at 7:54 AM
Tariffs, inflation, and interest rates are macro factors tied to fiat, yet their outcomes are often unpredictable. Crypto markets have volatility, yes, but it's driven by adoption, regulation, and sentiment. BTC's fixed supply and decentralization reduce susceptibility to single actors like Elon
Crypto isn't perfect, but labeling it unsustainable ignores its growing use in remittances, inflation hedging, and decentralized finance. Criminals use all currencies—USD dominates laundering. The tech is evolving, and like any tool, it's neutral—its value depends on application
December 5, 2024 at 7:19 AM
Crypto isn't perfect, but labeling it unsustainable ignores its growing use in remittances, inflation hedging, and decentralized finance. Criminals use all currencies—USD dominates laundering. The tech is evolving, and like any tool, it's neutral—its value depends on application
Fiat currencies rely on belief too—GDP and economic indicators reflect a country’s perceived stability, but they aren’t immune to manipulation (e.g., QE or inflation). Bitcoin, while nascent, offers transparent, decentralized supply metrics that can’t be altered by central authorities
December 5, 2024 at 7:17 AM
Fiat currencies rely on belief too—GDP and economic indicators reflect a country’s perceived stability, but they aren’t immune to manipulation (e.g., QE or inflation). Bitcoin, while nascent, offers transparent, decentralized supply metrics that can’t be altered by central authorities
Military supports USD’s dominance, but fiat isn’t immune to manipulation—central banks can devalue it overnight. Bitcoin, being decentralized, can’t be easily manipulated. A 51% attack would require billions in capital, making it far harder to ‘rob people overnight’ compared to fiat systems
December 5, 2024 at 5:35 AM
Military supports USD’s dominance, but fiat isn’t immune to manipulation—central banks can devalue it overnight. Bitcoin, being decentralized, can’t be easily manipulated. A 51% attack would require billions in capital, making it far harder to ‘rob people overnight’ compared to fiat systems
US govt has Bitcoin btw: intel.arkm.com/explorer/ent...
Arkham
intel.arkm.com
December 5, 2024 at 4:55 AM
US govt has Bitcoin btw: intel.arkm.com/explorer/ent...
You’re conflating military might with monetary policy. USD is backed by belief in the U.S. economy, not weapons. Bitcoin, like gold, is backed by its scarcity, decentralized network, and global demand. Both rely on trust—BTC just removes reliance on governments to maintain it
December 5, 2024 at 4:52 AM
You’re conflating military might with monetary policy. USD is backed by belief in the U.S. economy, not weapons. Bitcoin, like gold, is backed by its scarcity, decentralized network, and global demand. Both rely on trust—BTC just removes reliance on governments to maintain it
Agree about it being a bad currency, but btc is often called 'digital gold'—a store of value with a fixed supply, like gold but decentralized. The rest of crypto aims to tackle payments, reducing reliance on bank, credit giants like Visa. It’s more about reshaping how value moves globally
December 5, 2024 at 4:41 AM
Agree about it being a bad currency, but btc is often called 'digital gold'—a store of value with a fixed supply, like gold but decentralized. The rest of crypto aims to tackle payments, reducing reliance on bank, credit giants like Visa. It’s more about reshaping how value moves globally
Mining will continue until btcs cap of 21M coins is reached (I think it will take until 2104 or something like that), it shifts to transaction fees to sustain the network. Systems like btc are built to withstand political instability. I agree, fascist wannabe dictators like trump are a huge threat
December 5, 2024 at 4:37 AM
Mining will continue until btcs cap of 21M coins is reached (I think it will take until 2104 or something like that), it shifts to transaction fees to sustain the network. Systems like btc are built to withstand political instability. I agree, fascist wannabe dictators like trump are a huge threat
Over poor rural Americans in states where education is lacking, Bitcoin has no leader or ceo
December 5, 2024 at 4:32 AM
Over poor rural Americans in states where education is lacking, Bitcoin has no leader or ceo
True, rising incomes & tech improvements offset some effects of inflation. But that’s no guarantee for future stability. Bitcoin’s fixed supply offers an alternative when trust in fiat systems falters—think hyperinflation cases like Venezuela. It’s about having options, not replacing
December 5, 2024 at 4:30 AM
True, rising incomes & tech improvements offset some effects of inflation. But that’s no guarantee for future stability. Bitcoin’s fixed supply offers an alternative when trust in fiat systems falters—think hyperinflation cases like Venezuela. It’s about having options, not replacing