Still, there was one notable outlier in tonight's Dollar selloff: bitcoin. While previously any plunge in the dollar (and by extension surge in the yen) would batter what was little is left of the carry trade, hammering tech stocks and cryptos, tonight we finally saw a regime shift, and after flatlining initially, a burst of buying pushed bitcoin almost $2000 higher, above $87000, and its biggest one day move since Liberation Day..
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66 sats \ 0 replies \ @FmpPerspective 17h
If we wanted easy adoption, we’d have built another fiat.
Bitcoin isn’t failing because it’s slow.
It’s succeeding because it refuses to compromise.
The system isn’t broken—it was built to rot.
What we need now isn’t more speed.
It’s more people with the courage to exit.
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99 sats \ 1 reply \ @grayruby 20h
The gold bugs are finally having a moment in the sun.
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40 sats \ 0 replies \ @zapsammy 18h
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36 sats \ 0 replies \ @SwapMarket 18h
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152 sats \ 3 replies \ @elvismercury 22h
In tension with this btc triumphalism is that shitcoins are comparably booming. Hard to feel like the narrative has changed when XRP is pumping.
Something weirder and harder to understand has possessed markets.
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0 sats \ 2 replies \ @fiatbad 19h
I'm starting to think Bitcoin needs to start acting like money if it's ever going to separate itself from the shitcoins. As long as it remains merely "digital gold", it will just be the king of the shitcoins. The most decentralized, but a shitcoin nonetheless.
I just finished the recent WBD podcast with Juneseth about how Bitcoin hasn't done anything yet. And I've gone deep down the BCH, Hijacking Bitcoin rabbit-holes. While I don't fully agree with them, and still consider myself a BTC maximalist, I am growing frustrated in the Bitcoin community's refusal to make scaling a priority and to use Bitcoin as money instead of merely a savings tool.
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0 sats \ 1 reply \ @028559d218 19h
Ethereum has an unlimited supply.
Xrp is pre-mined and run by one company...
Dogecoin has nowhere near the usage of Bitcoin (to the extent that Bitcoin needs to be 'used')
and Solana? It's a giant air-token for memecoins.
People are buying 'all of them' because they don't know any better. And Bitcoin has only been around ~ 15 years - look at the vast majority of 'alts' relative to Bitcoin they are all down and to the right over a multi-year time period.
Bloomberg never mentions Bitcoin. And 'most people' still think it's some kind of ponzi... or 'magic internet money'. Nobody outside of the Stackers and Devs has even heard of Lightning.
It needs time.
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0 sats \ 0 replies \ @fiatbad 19h
Yea, I agree.
But I think that time can be greatly shortened if this were handled more like a revolution than an episode of Sesame Street. If the people calling the dollar a shitcoin put their money where their mouth is and began doing everything possible to stop using dollars. If Bitcoiners started going out of their way to patronize merchants accepting Bitcoin, and boycotting those who don't. It really wouldn't "need time" if the revolutionaries started acting like revolutionaries.
@Aardvark just mentioned how the USD is the greatest shitcoin of all: #951426. Yet, I'll bet he and the stackers zapping his comment are all going to go out and use USD today without flinching. USD is more of a shitcoin than ETH, XRP, or Doge.... and yet Bitcoiners use it more than they use Bitcoin. So, what does it matter if Bitcoin is more decentralized, no pr-mine, or isn't a meme coin? If it's not doing anything, then it doesn't really matter how much better it is.
It shouldn't take much time. But it does take gumption.... virtue.... sacrifice.
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48 sats \ 0 replies \ @Nzowashua 22h
BITCOIN IS A GREATEST OF ALL TIME LETS UTILIZE IT ON REAL LIFE
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0 sats \ 0 replies \ @kurszusz 14h
If we add that Trump didn't "say" anything positive, then this is a good result...we just have to wait patiently for the end ;)
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