Posted on 03/12/2024 9:49:42 AM PDT by Enlightened1
Bitcoin surpasses silver to become the 8th largest asset in the world.
https://twitter.com/WatcherGuru/status/1767141335910257021
Here is a link of 18,000 Assets ranked by Market Cap
It is a medium of Exchange.
You cannot only use it to send money around the world faster and cheaper than dollars. You can make everyday purchases for it too.
CBDCs do not solve anything, but do possible violate privacy laws. It’s the same system, but they now will track, trace and give you a social credit score based on your purchases and actions. You can’t save them too because they expire.
The good news is CBDCs in the U.S. are way behind per Federal Chairman. We are probably looking at 10 or more. But they will be competing with crypto. So I don’t think people will demand them.
As long as there is an Internet or even a MESH network it will survive.
Value is purely by speculators and manipulators until their next cash out
The value is in the protocol.
Which means there is no inherent value.
TCP/IP is probably the most valuable protocol in the planet, in terms of pragmatic use... but don’t see folks claiming its the 14 most valuable resource on the planet now do you?
Speculation and greed will keep driving this, greater fools will get played... already rich will take their cash happily every 12-18 months
You are saying the same thing many people have said since 2009.
TCP/IP is not cryptic. When sending value it goes through the old 1970s way of doing things that is very expensive and slow.
People speculate in everything. If someone invest money and get a return, then you should be happy for them instead of calling greed and being bitter and jealous about it.
I have watched the harvesting from the gullible repeatedly, nothing ever changes.
70s slow way of doing things is quite comical, you know that every validation of your crypto is going over that “slow” 1970s protocol right?
I also am quite certain a research associate with quantum computing access has already rendered your crypto encryption obsolete, just hasn’t bothered to make that public knowledge yet.
Enjoy, time it right, and have fun, by when you don’t, don’t say you didn’t know it could happen to you.
It’s main purpose currently is as a store of value - an asset.
As far as central bank digital currencies vs Bitcoin/crypto - it won’t even be close. The power that regulates currency lies with the central banks. That will not change - it will never be relinquished or compromised. This was true in the old world order, and is true in the new order.
Once CBDC’s are rolled out, Bitcoin/crypto may not be as appealing (to some) as it is currently. Cautious investors may not want to be holding a lot of BTC at that time.
I say this as one who is not pro-CBDC; however the writing is on the wall for it to happen eventually. With congressional approval, of course.
I do not understand BITCOIN...”
Think of it as a common stock that can’t be diluted.
Or, as a place where real world assets (ie, time, electricity, computing power) are “converted” into a very liquid (and digital) representation. Sort of like a gold ETF.
And finally, think of it - because of its absolute scarcity - as a small and partial hedge against inflation.
Hope that helps.
thank you for your many excellent posts in this thread!
I do have physical silver and gold. That I understand.
I still trade stocks...mainly these days O & G..and METALS
you shouldn’t waste your time on it, then! Fare onward!
Thanks bro......Thanks for your attempt.......
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