nadzap
@nadzap.bsky.social
Bitcoin is completely voluntary. It is controlled by no one, and it affords everyone the ability to store and transfer value in a form of money that can not be manipulated by central banks.
Reposted by nadzap
Bitcoin does 7 final settlements per second and can do unlimited transactions per second for close to zero cost in layer 2 solutions like lightning.
Visa does 0 final settlements per second, it relies on the underlying banking system (fedwire).
Visa is a layer two like the lightning network.
Visa does 0 final settlements per second, it relies on the underlying banking system (fedwire).
Visa is a layer two like the lightning network.
April 13, 2024 at 9:06 AM
Bitcoin does 7 final settlements per second and can do unlimited transactions per second for close to zero cost in layer 2 solutions like lightning.
Visa does 0 final settlements per second, it relies on the underlying banking system (fedwire).
Visa is a layer two like the lightning network.
Visa does 0 final settlements per second, it relies on the underlying banking system (fedwire).
Visa is a layer two like the lightning network.
Reposted by nadzap
The Bitcoin Timechain wastes zero energy.
Except for heat released during Bitcoin mining. But that’s thermodynamics for ya 😎
Limited transaction capacity (4-7 TPS) is near-immediate settlement. This is an extremely important feature, and def not a bug.
medium.com/@nic__carter...
Except for heat released during Bitcoin mining. But that’s thermodynamics for ya 😎
Limited transaction capacity (4-7 TPS) is near-immediate settlement. This is an extremely important feature, and def not a bug.
medium.com/@nic__carter...
Transaction count is an inferior measure
It is popular to measure Bitcoin by looking at its daily transaction count. This is just one variable in a broader analysis.
medium.com
April 13, 2024 at 4:02 AM
The Bitcoin Timechain wastes zero energy.
Except for heat released during Bitcoin mining. But that’s thermodynamics for ya 😎
Limited transaction capacity (4-7 TPS) is near-immediate settlement. This is an extremely important feature, and def not a bug.
medium.com/@nic__carter...
Except for heat released during Bitcoin mining. But that’s thermodynamics for ya 😎
Limited transaction capacity (4-7 TPS) is near-immediate settlement. This is an extremely important feature, and def not a bug.
medium.com/@nic__carter...
'Fair Value of Bitcoin Is Still Zero,' Say European Central Bank Officials
Gotta love how you link an article with a headline quoting people whose roles in society are directly threatened by the existence of bitcoin.
Link some more articles by banks telling me how bitcoin is bad for society 😆
Gotta love how you link an article with a headline quoting people whose roles in society are directly threatened by the existence of bitcoin.
Link some more articles by banks telling me how bitcoin is bad for society 😆
March 18, 2024 at 7:31 PM
'Fair Value of Bitcoin Is Still Zero,' Say European Central Bank Officials
Gotta love how you link an article with a headline quoting people whose roles in society are directly threatened by the existence of bitcoin.
Link some more articles by banks telling me how bitcoin is bad for society 😆
Gotta love how you link an article with a headline quoting people whose roles in society are directly threatened by the existence of bitcoin.
Link some more articles by banks telling me how bitcoin is bad for society 😆
I can say go to a dealership and tell them i believe the new 60k car i want has a fair price point of zero and list various reasons why.
That doesn't mean the car magically now has zero value, and that they will just give it to me for free.
It just makes me look ignorant and foolish.
That doesn't mean the car magically now has zero value, and that they will just give it to me for free.
It just makes me look ignorant and foolish.
March 18, 2024 at 7:25 PM
I can say go to a dealership and tell them i believe the new 60k car i want has a fair price point of zero and list various reasons why.
That doesn't mean the car magically now has zero value, and that they will just give it to me for free.
It just makes me look ignorant and foolish.
That doesn't mean the car magically now has zero value, and that they will just give it to me for free.
It just makes me look ignorant and foolish.
So some people ignorant of btc think the fair price is zero. Great.
Well take a look my friend, the actual current price is 68k usd/90k cad etc. depending on the currency you compare it to, so it doesn't matter what ignorant people think because it's not a fact in reality.
Well take a look my friend, the actual current price is 68k usd/90k cad etc. depending on the currency you compare it to, so it doesn't matter what ignorant people think because it's not a fact in reality.
March 18, 2024 at 7:10 PM
So some people ignorant of btc think the fair price is zero. Great.
Well take a look my friend, the actual current price is 68k usd/90k cad etc. depending on the currency you compare it to, so it doesn't matter what ignorant people think because it's not a fact in reality.
Well take a look my friend, the actual current price is 68k usd/90k cad etc. depending on the currency you compare it to, so it doesn't matter what ignorant people think because it's not a fact in reality.
You also completely ignored the previous post by Reid Walley explaining the exact same thing regarding different units of account around the world.
March 18, 2024 at 7:05 PM
You also completely ignored the previous post by Reid Walley explaining the exact same thing regarding different units of account around the world.
This comment is nonsensical.
Try applying your same rationale to the usd before you make a post.
Can you return usd to an algorithm? No. What does that even mean?
Is everything priced in gold? No.
Is gold considered money? Yes.
Btc is legal tender in el-salvadore/things priced in btc. 🤦
Try applying your same rationale to the usd before you make a post.
Can you return usd to an algorithm? No. What does that even mean?
Is everything priced in gold? No.
Is gold considered money? Yes.
Btc is legal tender in el-salvadore/things priced in btc. 🤦
March 18, 2024 at 6:59 PM
This comment is nonsensical.
Try applying your same rationale to the usd before you make a post.
Can you return usd to an algorithm? No. What does that even mean?
Is everything priced in gold? No.
Is gold considered money? Yes.
Btc is legal tender in el-salvadore/things priced in btc. 🤦
Try applying your same rationale to the usd before you make a post.
Can you return usd to an algorithm? No. What does that even mean?
Is everything priced in gold? No.
Is gold considered money? Yes.
Btc is legal tender in el-salvadore/things priced in btc. 🤦
How about you tell me, since whatever i say to you, you just repeat the same vague thing about context and ignore that 1$ buys less today than it did at any point in history.
So please enlighten me as to the wages, income, living standards at the time, how it matters, and i will respond to that.
So please enlighten me as to the wages, income, living standards at the time, how it matters, and i will respond to that.
March 18, 2024 at 6:43 PM
How about you tell me, since whatever i say to you, you just repeat the same vague thing about context and ignore that 1$ buys less today than it did at any point in history.
So please enlighten me as to the wages, income, living standards at the time, how it matters, and i will respond to that.
So please enlighten me as to the wages, income, living standards at the time, how it matters, and i will respond to that.
Do all societies readily accept usd?
No they don't.
Stop trying to make it sound like exchanging/converting btc for a local currency to purchase things is any different.
I go to india, i buy rupees. For japan/yen, china/yuan.
Another pointless/poorly thought-out argument
No they don't.
Stop trying to make it sound like exchanging/converting btc for a local currency to purchase things is any different.
I go to india, i buy rupees. For japan/yen, china/yuan.
Another pointless/poorly thought-out argument
March 18, 2024 at 6:39 PM
Do all societies readily accept usd?
No they don't.
Stop trying to make it sound like exchanging/converting btc for a local currency to purchase things is any different.
I go to india, i buy rupees. For japan/yen, china/yuan.
Another pointless/poorly thought-out argument
No they don't.
Stop trying to make it sound like exchanging/converting btc for a local currency to purchase things is any different.
I go to india, i buy rupees. For japan/yen, china/yuan.
Another pointless/poorly thought-out argument
"Play money" in steady uptrend since inception 15 years ago. Fractions of a penny to 72k usd today.
Now the 13th largest currency and 8th largest asset worldwide.
Currently just under all-time high and you're saying the bubble is popping.
How can one be expected to take this comment seriously? 😆
Now the 13th largest currency and 8th largest asset worldwide.
Currently just under all-time high and you're saying the bubble is popping.
How can one be expected to take this comment seriously? 😆
March 12, 2024 at 11:37 PM
"Play money" in steady uptrend since inception 15 years ago. Fractions of a penny to 72k usd today.
Now the 13th largest currency and 8th largest asset worldwide.
Currently just under all-time high and you're saying the bubble is popping.
How can one be expected to take this comment seriously? 😆
Now the 13th largest currency and 8th largest asset worldwide.
Currently just under all-time high and you're saying the bubble is popping.
How can one be expected to take this comment seriously? 😆
You admit here the "play money" is more valuable than $ as 1 play money = tens of thousands of $.
How is that a burn?
It's divisible to 8 decimals. Like cents to a $. Can buy fractions
0.00000001 play money = 1 satoshi
It's backed by energy
Usd also "unsupported by real currency, precious metals"
How is that a burn?
It's divisible to 8 decimals. Like cents to a $. Can buy fractions
0.00000001 play money = 1 satoshi
It's backed by energy
Usd also "unsupported by real currency, precious metals"
March 12, 2024 at 10:53 PM
You admit here the "play money" is more valuable than $ as 1 play money = tens of thousands of $.
How is that a burn?
It's divisible to 8 decimals. Like cents to a $. Can buy fractions
0.00000001 play money = 1 satoshi
It's backed by energy
Usd also "unsupported by real currency, precious metals"
How is that a burn?
It's divisible to 8 decimals. Like cents to a $. Can buy fractions
0.00000001 play money = 1 satoshi
It's backed by energy
Usd also "unsupported by real currency, precious metals"
Haha TY, I'm glad it is coming off that way as it is somewhat frustrating.
It finally clicked for me that they both must feel that because things cost more in $ terms, it means $ are worth more.
They don't seem to grasp the concept of purchasing power.
Love your posts btw.
It finally clicked for me that they both must feel that because things cost more in $ terms, it means $ are worth more.
They don't seem to grasp the concept of purchasing power.
Love your posts btw.
March 12, 2024 at 8:14 PM
Haha TY, I'm glad it is coming off that way as it is somewhat frustrating.
It finally clicked for me that they both must feel that because things cost more in $ terms, it means $ are worth more.
They don't seem to grasp the concept of purchasing power.
Love your posts btw.
It finally clicked for me that they both must feel that because things cost more in $ terms, it means $ are worth more.
They don't seem to grasp the concept of purchasing power.
Love your posts btw.
You both seem to think $20 in 1949=$259.17 today means $ are worth more. It's the opposite.
Does saying "an oz of gold in 1949 is like 12.95 oz of gold today" make sense? No.
1 oz gold = 1 oz gold
1$ = 1$
1 btc = 1 btc
What matters is how much each can purchase over time.
Does saying "an oz of gold in 1949 is like 12.95 oz of gold today" make sense? No.
1 oz gold = 1 oz gold
1$ = 1$
1 btc = 1 btc
What matters is how much each can purchase over time.
March 12, 2024 at 4:26 PM
You both seem to think $20 in 1949=$259.17 today means $ are worth more. It's the opposite.
Does saying "an oz of gold in 1949 is like 12.95 oz of gold today" make sense? No.
1 oz gold = 1 oz gold
1$ = 1$
1 btc = 1 btc
What matters is how much each can purchase over time.
Does saying "an oz of gold in 1949 is like 12.95 oz of gold today" make sense? No.
1 oz gold = 1 oz gold
1$ = 1$
1 btc = 1 btc
What matters is how much each can purchase over time.
Saying 20$ in 1949 would be like 259.17$ in today's dollars is a BAD thing and means the currency is LOSING purchasing power.
Things cost more in $ terms now because the $ is becoming worthless.
I don't know how many different ways i can explain this if you are intent on not wanting to understand.
Things cost more in $ terms now because the $ is becoming worthless.
I don't know how many different ways i can explain this if you are intent on not wanting to understand.
March 12, 2024 at 3:58 PM
Saying 20$ in 1949 would be like 259.17$ in today's dollars is a BAD thing and means the currency is LOSING purchasing power.
Things cost more in $ terms now because the $ is becoming worthless.
I don't know how many different ways i can explain this if you are intent on not wanting to understand.
Things cost more in $ terms now because the $ is becoming worthless.
I don't know how many different ways i can explain this if you are intent on not wanting to understand.
Argument would collapse?!?
Here is price of eggs over time. They cost less in 1980 than now due to inflation/monetary debasement/currency becoming worthless
Eggs cost thousands of btc in 2010 now only fraction of btc = money appreciating over time
www.usinflationcalculator.com/inflation/eg...
Here is price of eggs over time. They cost less in 1980 than now due to inflation/monetary debasement/currency becoming worthless
Eggs cost thousands of btc in 2010 now only fraction of btc = money appreciating over time
www.usinflationcalculator.com/inflation/eg...
Egg Prices Adjusted for Inflation | US Inflation Calculator
In January, the average price of one dozen Grade A eggs was $2.522, representing a 0.6% increase from the December price of $2.507, data released Feb. 13, 2024, by the ...
www.usinflationcalculator.com
March 12, 2024 at 3:46 PM
Argument would collapse?!?
Here is price of eggs over time. They cost less in 1980 than now due to inflation/monetary debasement/currency becoming worthless
Eggs cost thousands of btc in 2010 now only fraction of btc = money appreciating over time
www.usinflationcalculator.com/inflation/eg...
Here is price of eggs over time. They cost less in 1980 than now due to inflation/monetary debasement/currency becoming worthless
Eggs cost thousands of btc in 2010 now only fraction of btc = money appreciating over time
www.usinflationcalculator.com/inflation/eg...
Now i think you are just trolling with a ridiculous statement like that.
1 btc = 1btc
Just like if i were to tell you the value of a dollar in dollar terms
1$ = 1$
The concept is simple here.
1 btc buys more goods over time
1 $ buys less goods over time.
Think about that for a little while.
1 btc = 1btc
Just like if i were to tell you the value of a dollar in dollar terms
1$ = 1$
The concept is simple here.
1 btc buys more goods over time
1 $ buys less goods over time.
Think about that for a little while.
March 12, 2024 at 3:37 PM
Now i think you are just trolling with a ridiculous statement like that.
1 btc = 1btc
Just like if i were to tell you the value of a dollar in dollar terms
1$ = 1$
The concept is simple here.
1 btc buys more goods over time
1 $ buys less goods over time.
Think about that for a little while.
1 btc = 1btc
Just like if i were to tell you the value of a dollar in dollar terms
1$ = 1$
The concept is simple here.
1 btc buys more goods over time
1 $ buys less goods over time.
Think about that for a little while.
Capturing methane gas otherwise wasted and sent into the atmosphere or burned is a "bad use of power and energy"?!?
You just said it's vented, meaning not used, correct?
Am i missing something here?
You just said it's vented, meaning not used, correct?
Am i missing something here?
March 11, 2024 at 6:27 PM
Capturing methane gas otherwise wasted and sent into the atmosphere or burned is a "bad use of power and energy"?!?
You just said it's vented, meaning not used, correct?
Am i missing something here?
You just said it's vented, meaning not used, correct?
Am i missing something here?
Btc just hit 72k and can buy way more today than it could in 2010.
Can you tell me what the difference is in the context of the times between 2010 and 2024 such that this matters in the price valuation of bitcoin?
Can you tell me what the difference is in the context of the times between 2010 and 2024 such that this matters in the price valuation of bitcoin?
March 11, 2024 at 12:40 PM
Btc just hit 72k and can buy way more today than it could in 2010.
Can you tell me what the difference is in the context of the times between 2010 and 2024 such that this matters in the price valuation of bitcoin?
Can you tell me what the difference is in the context of the times between 2010 and 2024 such that this matters in the price valuation of bitcoin?
Absolutely spectacular that you are making my point for me without understanding you are doing so, and thinking it's some kind of burn.
You are showing that it takes way more dollars to buy the same amount of goods (monetary debasement) or
A SOVEREIGN CURRENCY BY A SOVEREIGN NATION LOSING WORTH!
🤣
You are showing that it takes way more dollars to buy the same amount of goods (monetary debasement) or
A SOVEREIGN CURRENCY BY A SOVEREIGN NATION LOSING WORTH!
🤣
March 11, 2024 at 12:36 PM
Absolutely spectacular that you are making my point for me without understanding you are doing so, and thinking it's some kind of burn.
You are showing that it takes way more dollars to buy the same amount of goods (monetary debasement) or
A SOVEREIGN CURRENCY BY A SOVEREIGN NATION LOSING WORTH!
🤣
You are showing that it takes way more dollars to buy the same amount of goods (monetary debasement) or
A SOVEREIGN CURRENCY BY A SOVEREIGN NATION LOSING WORTH!
🤣
If you can compare the purchasing power of an oz of gold 75 years ago vs today. Why can't you do the same for a 20$ bill?
What does "the context of the times" have to do with anything?
Here is a graph of median home prices in gold vs dollar over time.
pricedingold.com/us-home-pric...
What does "the context of the times" have to do with anything?
Here is a graph of median home prices in gold vs dollar over time.
pricedingold.com/us-home-pric...
US Home Prices
pricedingold.com
March 11, 2024 at 12:29 PM
If you can compare the purchasing power of an oz of gold 75 years ago vs today. Why can't you do the same for a 20$ bill?
What does "the context of the times" have to do with anything?
Here is a graph of median home prices in gold vs dollar over time.
pricedingold.com/us-home-pric...
What does "the context of the times" have to do with anything?
Here is a graph of median home prices in gold vs dollar over time.
pricedingold.com/us-home-pric...
What of it? Please explain.
March 10, 2024 at 2:52 PM
What of it? Please explain.