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Realizing that it is a complete and new technology which enables a fundamental upgrade to money - something that hasn't happened in several thousand years.
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might have been my ability to spell...
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Gold storage requires me to pay -1% p.a. to the vault owner. With Bitcoin I don't have to pay anyone for self-custody, so it is cheaper than gold.
It is easy to move Bitcoin across the borders, across the world. It frees me from capital controls.
There is an emphasis in Bitcoin community to have full nodes which easier to run, and self hosting lightning nodes behind Tor. Full nodes help with security and enforcing the Bitcoin rules.
Even the core devs have limited power to affect the standard. There is no CEO to kidnap
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Great stuff, thanks! Good as gold!
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The understanding of sound money properties, understanding of network effect and game theory in money economics. Now with thousands hours of research, I'm even more bullish. Bitcoin will become the standart sooner than most bitcoiners think. 2024 2x gold's scarcity and lightning providing usefull tolls in exponential growth will shake the world. But full transition will finish 2032 or 2036. Most people will have to earn bitcoin, its inevitable.
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For me it was all the quality people I'd meet felt like I found my tribe, also the more I committed to the protocol the more things seem to be Fallin in my favor my experience has been nothing but a blessing n now I'm all in..also gained purpose from this walk.. to me seems like once I stepped out of this keynesian system and into the Austrian system I was able to create my own lane and now I'm able to accomplish things and do even greater than I was imagining..takes alot of faith,dyor, and being active instead of passive..learning all this and leading by example is 1 part of it next step is giving back to my loved ones all this knowledge I've soaked up to give them this same freedom I experience every day bigger than me now
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For me it was the federal reserve with all the money printing and finding a decentralized fixed money supply. Obviously cold storage as paper Bitcoin isn’t fixed
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Most people just choose to believe what they believe, while ignoring the obvious and easy-to-see facts. Simply ignore the year-over-year increase in Bitcoin's adoption rate and gradual increase in exposure. Because learning new things is so hard, most people would rather stay in the comfort of the past. Of course, Bitcoin needs to work harder on the user interface, so that more people who don't want to learn can use it easily.
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Excellent points thanks. I love no CEO!
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осознать не осозноваемое.! вселенная безконечная. но адресв в биткоине больше чем атомов во всей вселенной и эти адреса имеют ограничения. Прикинь как запутанно.
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Which noise?
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Too much to count. Alts, other investments, the fed…
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Alts don't exist. They are scams created to trick people. Is like calling Casinos noise. Yes there are there in Vegas and online to take advantage of people with problems.
Other investments: there is no second best. The creation of an energy based monetary system would only happen once in human history, and we are living that moment.
Fed: An obsolete group of Chamans that get together every other month to decide the price of the money, have no room in a world when an energy based monetary system replace them. They will become more and more irrelevant with the pass of the years.
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Can’t argue with your points!
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Started with the realization of the need for a global decentralized currency anyone could use to send anywhere and convert to their own currencies. Remittances, or just memorizing words and walking over a border with your imaginary money that exists on a blockhain somewhere.
Then came the reality of the enforcement of digital scarcity by anyone willing to verify the rules.
Proof of work and an incentives based distribution of miners verifying the consensus rules and expending both capital and energy to enforce those rules.
How the difficulty adjustment ensures an average of a ten minute block time no matter how many miners come or go.
How it could utilize renewable energy that would be wasted, and then how it could impact the current energy grid by using up the wasted energy when there is no strain and shutting down when there is a need. Burning flare gas from fossil fuels, using wasted potential.
To be honest it just keeps going. A fair system anyone willing can build on and contribute ideas to.
Let alone the whole ridiculous story of Satoshi. It's too crazy to be true but it still works. Tick tock another block.
Full disclosure I shitcoined for a while but I'm done. Only Bitcoin seems to actually impact the real world outside of trying to promise yield and memes. And we've got memes.
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Awesome thanks. I shitcoined too. Came for the investment, stayed for the revolution!
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To the rats with us! Us drug dealers and criminals.
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