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2010 sats \ 25 comments \ @sarah1 6 Sep 2023 meta

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39 sats \ 15 replies \ @siggy47 6 Sep 2023

Don't look now, but the boat holding your British pounds has a leak!

19 sats \ 13 replies \ @carlosfandango 6 Sep 2023

The dollar yacht isn’t faring much better… abandon ship

19 sats \ 12 replies \ @fredosha 6 Sep 2023

But the Bitcoin is pegged to the dollar. Doe is mean if the dollar is dieing the Bitcoin will die with it??

80 sats \ 1 reply \ @TwoLargePizzas 6 Sep 2023

One day we will look back and wonder why we ever valued Bitcoin in dollars. It should be the other way around.

0 sats \ 0 replies \ @fredosha 6 Sep 2023

What then should Bitcoin have been valued in if not dollar?

125 sats \ 8 replies \ @carlosfandango 6 Sep 2023

What do you mean by pegged?

Bitcoin is often valued in dollars but there is no connection anymore than there is between company shares, vintage baseball cards, gold or diamonds and dollars.

All currencies (pounds, dollars, yen etc) are suffering from mismanagement by their central banks and devaluing. Any correlation with Bitcoin is most likely inverse… as the dollar crashes Bitcoin rises.

10 sats \ 7 replies \ @fredosha 6 Sep 2023

Then if Bitcoin is not pegged to the Dollar, what then is it pegged on? What is backing it. The US dollar itself used to be backed by gold before it was discontinued. What commodity does Bitcoin rely on to have the value it has today.

45 sats \ 1 reply \ @carlosfandango 7 Sep 2023

My immature side says the dollar is about to get pegged by Bitcoin…..

10 sats \ 0 replies \ @fredosha 7 Sep 2023

😆.... Your immature side could be right. The world live in right now, as it is, anything can happen. Nothing is written on stone.

20 sats \ 2 replies \ @siggy47 6 Sep 2023

Read this book: https://saifedean.com/tbs

0 sats \ 1 reply \ @fredosha 6 Sep 2023

Thanks. Checking it out.

0 sats \ 0 replies \ @siggy47 6 Sep 2023

It's very good.

reply on another page

30 sats \ 1 reply \ @Michelson_Morley 6 Sep 2023

All things have prices because actors in (free) markets may bid and are willing to pay those prices to own the things.

Nothings pegged. Not even gold is inherently valuable. It's just shiny and scarce. If you're in a town full of very stupid gold-racists who value it at 1 dollar per ounce, then that's it's price. Until you reach another market.

50 sats \ 0 replies \ @fredosha 7 Sep 2023

Makes sense

0 sats \ 0 replies \ @nemo 6 Sep 2023

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5 sats \ 0 replies \ @Billy_Dow 6 Sep 2023

My shoes are wet

15 sats \ 1 reply \ @Bitcoiner1 6 Sep 2023

Be careful with your private keys.... Many people have had accidents on boats...

5 sats \ 0 replies \ @fiatbad 6 Sep 2023

Really? I thought I was the only one....

For real OP, don't take your private keys onto a boat, ever! We were all warned, we all thought we knew better, we all did it anyway, and we all regret it. No boats!

0 sats \ 0 replies \ @ceife 7 Sep 2023

Welcome & lets fuckin stacks

0 sats \ 0 replies \ @PRA3S3NT1A 7 Sep 2023

I love save too. Once I asked my relative why she saves so much. Why she does not buy a new phone. (her phone was 8 years old however did not have many problems) She said "Nothing that I can buy with this money makes me happier than save it."

0 sats \ 0 replies \ @TheBTCManual 7 Sep 2023

I got to Bitcoin in the same way, I was a big saver but my local fiat wasn't helping so I went to look for other alternatives, I found my way to stocks and EFTs and did all the normie finance things and saving up for a property but the maths wasn't mathing and then I eventually found my way into Bitcoin....and shitcoins

.....only after some time I figured that my natural inclination to save is only rewarded by using Bitcoin, the rest I was getting fleesed or taxed

0 sats \ 0 replies \ @sandagoriate 6 Sep 2023

LFG!

0 sats \ 0 replies \ @sahil 6 Sep 2023

Welcome to the SN community ·͜·

0 sats \ 0 replies \ @tnuts420 6 Sep 2023

welcome aboard

0 sats \ 0 replies \ @globalmerchant 6 Sep 2023

Small World Simon is a friend and owner of https://hawaiian-shirt-shop.co.uk/two-palms/ Two Palms is one of the brands in Honolulu that I export sales manage, for over thirteen years. When you eventually meet him (Simon) keep him thinking about the Orange and Purple pills.

Aloha from Waikiki Beach, Rich