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0 sats \ 0 replies \ @OT 57m \ on: The whole purpose of education is to turn mirrors into windows BooksAndArticles
This will take a while. I also don't bitger anymore.
The price is one thing, but for business owners to understand bitcoin is another.
Its quite simple and brilliant. 1 BTC buys you a house currently worth 5 BTC.
What happens when Bitcoin goes down and the value of the property also goes down? You would have to add collateral right?
I heard cake is doing lightning soon. Any details about how it will work. It will be self custodial right?
I would, but not sure if she'd listen. You'd need to do all the hand holding. Selling the property for Bitcoin. Then how to store it, how to use lightning and how to buy the things she needs each week.
She would have to be very open minded. Most 70 year olds are usually set in their ways.
This is the balance we've come to with the kids. We get to play on our phones while the kids watch TV. They're watching educational content and they definitely learn some things.
One difference between the TV and tablet is that you can't instantly scroll so their attention span isn't getting shorter and shorter like on a tablet.
We let the kids watch about an hour of TV in the evening. I can see its going to become a problem for us later on.
As long as we're conscious that we're spending so much time on our phone we can choose to do something else. Also meeting friends IRL fixes this.
They literally kicked everyone out. Some came back and I remember hearing it's still quite significant like 10-20% of the hash rate.
It depends on their CBDC. If it's successful they might continue to ignore Bitcoin. They still have the 200k odd BTC seized from that Plus token scam.
Yeah, buying up strategic ports, property, and building roads are all good things you can do with printed money.
I guess we'll have to see how it plays out. They aren't stupid. Just remember most of the actual Bitcoin is in the hands of early adopters. It's ours to lose. The ETF and current hype is just a passing phrase to hyperbitcoinization.
Remember that forks are always an option. Thinking that Bitcoin is a "relatively harmless speculative commodity" is a bit defeatist IMO.
I don't think the CCP can allow it. They've printed their way into one of the biggest economies in the world and the people will end up having to pay for it in one way or another.
As for allowing Bitcoin...I think it will continue to be a grey area. For one reason they would have to admit their mistake in banning miners in 2021. The other is that it would give citizens too much sovereignty and freedom.
This might just be an edge case. Shanghai is different to the rest of China too. More international and also the financial center.
I saw something the other day about the OTC desk trades starting to heat up in China. It makes sense as real estate and Chinese stocks are not doing well at all.