A global monetary network that requires only 406 GB memory space, transferred over $100 trillion in total value for an average transaction fee of $0.3 and all this P2P, without a single intermediary.
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130 sats \ 14 replies \ @WhiteRabbitBTC 2 Sep 2022
It perplexes me to this day how underappreciated bitcoin is by the masses. This isn't just about a monetary revolution it truly will will provide the basis for a complete societal reprogramming on some of the most important pillars we've built our fiat civilization on.
Few.
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10 sats \ 4 replies \ @faithandcredit 3 Sep 2022
Without Bitcoin civilization will crumble. The sad news is that most people arent adopting it and we are kinda running out of time :P
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0 sats \ 3 replies \ @mikhael 3 Sep 2022
Doomsday cult logic.
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21 sats \ 2 replies \ @faithandcredit 4 Sep 2022
Chaos will erupt soon and one of the fundamental reasons is a lack of curiosity and humility in people, you included it seems. I think the electricity we take for granted wont be around in 10 or so years, maybe less. Once it starts happening it will happen fast, so better prepare now. Better safe than sorry. The cult is the people who do not prepare.
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0 sats \ 1 reply \ @mikhael 5 Sep 2022
Maybe you are right. Maybe you are wrong.
But in a world without abundant electricity, I fail to see how Bitcoin will save civilization. Big claim, lots of assumptions.
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0 sats \ 0 replies \ @faithandcredit 5 Sep 2022
That is my point :) Bitcoin is digital gold but who says the future is going to be digital :)
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1 sat \ 7 replies \ @mikhael 2 Sep 2022
It's under appreciated because no one uses it to buy anything. They just 'hodl' it.
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888 sats \ 1 reply \ @DarthCoin 4 Sep 2022
Living on Bitcoin is a fact, if you really want it.
I live on BTC for years.
https://darthcoin.substack.com/p/living-with-bitcoin
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0 sats \ 0 replies \ @mikhael 5 Sep 2022
Great article.
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1792 sats \ 2 replies \ @Cornleone 2 Sep 2022
Send me some then
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0 sats \ 1 reply \ @Cornleone 2 Sep 2022
Based 👆
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888 sats \ 0 replies \ @Cornleone 2 Sep 2022
I mean, thank you for the updoots good, fine, sir!
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22 sats \ 0 replies \ @random_bitcoiner 2 Sep 2022
By just 'hodling' it you're making the most important transaction of them all: transferring value to your future self.
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5 sats \ 0 replies \ @Coinosphere 3 Sep 2022
I see someone hasn't turned the majority of savings into bitcoin yet.
Because if you had, you'd understand that it's impossible to "Just" hodl it when you have no fiat. I spend thousands of dollar worth of bitcoin on bills & food every month because that's the only way I can.
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0 sats \ 0 replies \ @CarlBMenger OP 2 Sep 2022
Yessssss! Fully agree. And it is so exciting to have the opportunity to be part of this right at the beginning. It is still so damny early.
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5 sats \ 6 replies \ @siggy47 2 Sep 2022
As an old man I guess the odds of me seeing the transition in my lifetime are slim, but I'll keep stacking regardless.
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0 sats \ 5 replies \ @CarlBMenger OP 2 Sep 2022
This is the way and whoever will receive your stack will be very thankful. Hopefully they are as humble as you, hodling for eternity.
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31 sats \ 4 replies \ @mikhael 2 Sep 2022
If you hodl it for eternity, and don't spend it - what on God's green earth makes you think that other people will want to adopt it as a currency? If no one uses it to buy anything.
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903 sats \ 0 replies \ @siggy47 2 Sep 2022
I think you misunderstood my post. I run a routing node and spend sats on the lightning network as much as is practical. I'm doing what I can to speed adoption, but I suspect it will still be a long process.
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888 sats \ 2 replies \ @CarlBMenger OP 2 Sep 2022
Have you heard about collateral? Use a small stack as collateral and you are fine. No one was spending Gold on a Gold-standard.
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1 sat \ 1 reply \ @mikhael 2 Sep 2022
That makes some sense, it could be a form of collateral for paper money. Or Lightning transactions.
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888 sats \ 0 replies \ @CarlBMenger OP 2 Sep 2022
Exactly, to re-establish trust in paper-money IMO. A Bitcoin Standard, where everyone can verify if governments abuse their power.
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