The second video is pretty accurate of the Bitcoiners today. Lol

People have too much of their fiat bags into one big speculative gamble. View quoted note →

The first video is a pretty stupid critique, "early investors" of eating meat benefitted more than late investors nutritionally. Banks have nothing to do with bitcoin. Transitioning from central banks to digital decentralized currencies is full of mistakes. People who mine and spend bitcoin have no descriptive identifiers and can spend it privately those who buy or work for mined coins only have 1 counterparty. Normies have several more counterparies. That doesn't make the whole of Bitcoin a "tracked" system. Anyway, this video is lame. The second video is funny social commentary, less so a critique of Bitcoin's ubiquity. The third video I respect John's candor but that's not how bitcoin works (nor many other wallet based coins) you don't have "an account" that is identity based. I spin up keys, those keys create public keys, those public keys are ddresses. I can have Bitcoin JUST for plumbing funds. When the plumber "goes to the bank" and queries my account he will find his coins came from a miner. No other coins would be tied to me. Although I agree with his point about Monero being Black market money. Though he sounds like a popular high-school girl when comparing the two. "Nobody uses bitcoin any more, everyone uses monero" sure thing, Rebecca. The fourth video just makes so many wrong assumptions and strawmen arguments it's hard to address. Yes Bitcoin is money. Money consists of two parts: The asset peg and the currency. The asset peg is the settlement between two or more parties. The currency is the market volume of trade. If the asset peg cannot betraded at market volume, it needs a layer of currency to meet market demand. Bitcoin can be the currency or Lightning can be but they are both used and they both hold their value across time as well as any other money. As far as your suggestion "there are better tools than bitcoin, use them" This is true for all specialized tools. A mesh network running FIPS or Reticulum is a "better" tool but NOT for the average person. They want an ISP to surveil all traffic and own them. Bitcoin is the step that has Normie capable adoption. There are more private tools like Monero but I am not holding my breath until a car manufacturer takes it. We are all autists here but narrow focus makes us blind to the world.

Bitcoin’s value is built on speculation and greater fool theory, and is beginning to face diminishing returns. In the long term, it is unlikely for Bitcoin to overperform other assets.

Bitcoin ROI

Bitcoin CAGR Data & Charts

This page shows Bitcoin's CAGR displayed in table and chart format. Want to know what CAGR means? Click here to learn more. Year CAGR (%) Bitcoin C...

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HODLING is Impossible. View quoted note →