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5 sats \ 1 reply \ @anon 10 Dec \ on: I do not regret spending 8 years of my life in crypto - Nic Carter culture
Crypto the way the above post describes is completely useless. There’s no point to it or the ‘big casino’ it’s all scams.
That’s why Bitcoin only and bitcoin alone.
Bitcoin appeals to me because it’s money/capital/property that the government can’t print, and because it’s ultimately transparent and impossible to fabricate. Either you have it or you don’t… and you can transparently verify how much exists. Thats it.
The monetary protocol and amount in existence hasn’t basically changed since 2009, it won’t change for the foreseeable future, and it’s really hard to make bitcoin. That’s why it’s proof of work requiring vast amounts of energy to create.
If I’m going to bust my but and take time away from my family to earn something of value… I want it to be hard to make, provably scarce, and incredibly useful in a world where the “financial rules” keep changing and money issued by the state keeps losing value and/or being censored.
If governments had sound money the necessity of bitcoin would be less but they don’t so Bitcoin is here to stay and it’s important when you labor in the economy. Pieces of paper are just that… energy-based capital or digital property is so much more appealing it immediately becomes financially apparent once you give up your time sweat and heartbeats for others.
If I’m going to bust my but and take time away from my family to earn something of value… I want it to be hard to make, provably scarce, and incredibly useful in a world where the “financial rules” keep changing and money issued by the state keeps losing value and/or being censored.
Well said.
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