Video had me until “Ethereum”.
It’s Bitcoin. Not crypto.
Bitcoin will eat crypto first. Then fiat.
"smart contracts”? That’s an app for Bitcoin. RIP Ethereum
“privacy”? That’s a side-chain for Bitcoin. RIP Monero
“Fast and scalable”? Lightning et al solves this… RIP Litecoin
Once the king of “crypto” is indisputably crowned, all other shitcoins die.
And while on a rant - for anyone who bought theSpot Bitcoin ETF - this is simply Wall St. hooligans in nice suits wrapping this technological phenomenon in fish wrap, pressing it in and trying get a good mold of Bitcoin, removing it - but transferring some stink first, and then taping up the fish wrap, stamping an IOU on it, and then selling these to suckers. Don’t worry. The suits have your bitcoin, your fish wrap may or may not be redeemable for fiat some day - at a price determined by the holder of the asset (not you, you get a ticket). But one thing is certain: will never ever see the underlying asset. NYKNYC. And therefore you fail to understand the very thesis of the investment in the first place…but I digress.
Unlike gold, which often does not require physical delivery - which leads directly to hypothecation, Bitcoin ownership is sublimely, thermodynamically and cryptographically secure and transferable over a communications channel.
Bitcoin will become: Global Base Money™
When? Hard to say. Stay humble. Stack.
DiedOnTitan / ⚡DiedOnTitan⚡
npub1l8…wuzfa
2024-01-13 07:15:07
in reply to nevent1q…vaet
Author Public Key
npub1l8ndvsyrsd8565htam9eq4q5d8rm8u4vehw665cj8hwukqehkwdq9wuzfaSeen on
wss://relay.nostr.bandPublished at
2024-01-13 07:15:07Event JSON
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"content": "Video had me until “Ethereum”.\nIt’s Bitcoin. Not crypto.\nBitcoin will eat crypto first. Then fiat. \n\"smart contracts”? That’s an app for Bitcoin. RIP Ethereum\n“privacy”? That’s a side-chain for Bitcoin. RIP Monero\n“Fast and scalable”? Lightning et al solves this… RIP Litecoin\n\nOnce the king of “crypto” is indisputably crowned, all other shitcoins die.\n\nAnd while on a rant - for anyone who bought theSpot Bitcoin ETF - this is simply Wall St. hooligans in nice suits wrapping this technological phenomenon in fish wrap, pressing it in and trying get a good mold of Bitcoin, removing it - but transferring some stink first, and then taping up the fish wrap, stamping an IOU on it, and then selling these to suckers. Don’t worry. The suits have your bitcoin, your fish wrap may or may not be redeemable for fiat some day - at a price determined by the holder of the asset (not you, you get a ticket). But one thing is certain: will never ever see the underlying asset. NYKNYC. And therefore you fail to understand the very thesis of the investment in the first place…but I digress.\n\nUnlike gold, which often does not require physical delivery - which leads directly to hypothecation, Bitcoin ownership is sublimely, thermodynamically and cryptographically secure and transferable over a communications channel.\n\nBitcoin will become: Global Base Money™\n\nWhen? Hard to say. Stay humble. Stack.",
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