Nice one. You've got the original ones there too which is the way to go. In more recent times they've brought out lots of different fancy flavours but you can't beat the original.
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Nice one. You've got the original ones there too which is the way to go. In more recent times they've brought out lots of different fancy flavours but you can't beat the original.
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One of central themes of Vijay Boyopati's "The Bullish Case for Bitcoin" is that for Bitcoin to reach wide scale P2P adoption it must first achieve store of value. That thesis is sound to me. Yes, it's unfortunate in many ways that institutions are jumping in now to what was originally birthed as a ground up movement. The rules remain the same for everyone though. At this point in the adoption cycle though, to really get Bitcoin, you still have to do the work. Banks are now moving to accept Bitcoin as collateral and when the likes of Apple & Google eventually implement Bitcoin into their payment platforms we shift more towards the vision we all want to see.
Good points raised here. Personally I think the truth at this point of time is somewhere in the middle. Bitcoin needs to infililtrate the broad financial landscape which implies that before it can become and widely adopted medium of exchange it must monetize as a sound store of value. I spent Bitcoin every week whenever I can and replenish that spend by converting fiat to Bitcoin on each transaction. In the meantime I build my stack which at this point I'm time I can't see in the foreseeable future ever selling for fiat. I now fund some lifestyle out of 5-10% of my stack borrowing against my Bitcoin. I see the points you raise as very valid. There is something to be said though for Diamond hand hodlers not selling though.