Bitcoin is a strange thing. It evolves a person's thinking:
* Scam
* Ponzi
* Novelty
* Speculation
* Investment
* Savings
* Escape Valve
* Necessity
Where are you at?
Yesterday marked 54 years since President Nixon temporarily suspended the gold standard from the dollar.
Sure am glad it was temporary, because money printing sure would be terrible.
Shout out to @River . I needed to make an adjustment to my business account, and the customer service was stellar. Dealing with customer service usually leaves me frustrated and demoralized. Thanks Maddie! (or Mattie?)
Words that have really never been put together in a meaningful way:
"unconfiscatable bearer instrument"
...until now. #Bitcoin - it might just catch on.
It's very interesting that Blackrock was just a few years ago lampooning bitcoin. Now the owner of the biggest and most successful bitcoin ETF to date, Blackrock is now positing that bitcoin can potentially eat into the US dollar's reserve status, due to the US's massive debt in their annual report released today.
The #Bitcoin network is core to the identity and value proposition of #bitcoin (the money). These two properties of value are necessarily correlated and intertwined to make #bitcoin more valuable than any other digital asset.
The money is valuable because of the network. The network is valuable because of the money. It's why it can't be copied/duplicated/replaced with another.
To separate bitcoin (the money) from Bitcoin (the network) is nearly analogous to attempt to separate hydrogen from oxygen and still retain water. Water is valuable _because_ of the binding of two parts hydrogen to one part oxygen. (Obviously, hydrogen and oxygen are valuable in their own right, so the analogy breaks down for the more pedantic among us.)
GM, it's block 884732.