Community Trust ScoreVerified
Michael Saylor Expressed: Bitcoin is digital property at low frequency, digital money at mid frequency, & digital energy at high frequency. Tomorrow at 6pm ET, Eric_BIGfund & I will discuss the benefits of a world cloaked in digital energy, moving at the speed of Lightning.
Peter Schiff replied: It’s a digital tulip at any frequency.
Community Response: Tulips don’t solve the worlds monetary problems. Tulips never received SEC approval. Tulips were never adopted by countries, cities and Ivy League schools. The world’s top investors never bought into tulips. On the other hand, all of these things are true about bitcoin.
But now you have 16,000+ other digital tulips that do the same thing as Bitcoin.
No sorry you don’t. They are like intranets. Closed internal systems marketed by centralised companies. Cash grabs. Bitcoin was the invention of decentralised peer to peer money. It is an opensource network. Not owned. No marketing teams. Definitive monetary policy.
Does anyone worry about the credibility they lose if they’re wrong about Bitcoin being a “scam?” Especially Peter. Dogging it at $1 and dogging it at $50k. I’d sure be worried about my credibility in the long run.
Were Tulips aimed to release humanity from the biggest hidden system of control and slavery of history? Nah they were a whim of rich people. I know you do not want gold having competence as reserve of value as you are gold dealer, but at this stage of Bitcoin adoption.
Bitcoin will never be adopted. The end.
I never trust people who “know” the absolute truth because they are blind. Bitcoin adoption is already happening. If you’ve told me that a country would make it official tender, big corporations buying it and most relevant people in the financial world supporting it in the past.
Bitcoin has an unknown value which automatically disqualifies it as a store of value, an inflation hedge or a currency.
There’s only 21 million Bitcoin compared to Tulips which are endless. BIG difference.
You are confusing digital tulips with Bitcoin. They are one in the same.
It is a useful thing. Bitcoin has changed our lives dramatically.
Bitcoin Cons: Takes up tremendous energy Not particularly scarce Bitcoin code can be changed Transaction times not that fast. The one who already own it, will benefit the most. Another coin can come with better technology. BTC value depends on those who will buy it in the future.
Yeah right, and it can also fix everything? Will solve all the problems. Come on man, the tech is old and outdated. But project was ground breaking when it started.
Based on that, should we consider Ethereum a “company”? I don’t know enough about it to have an opinion – I’m bitcoin-only but every once in a while, I read something that makes ETH seem very sus.
Bitcoin does NOT move at the speed of light. It takes ~13 minutes for just 1 confirmation. Normally, takes minimum of 3 confirmations (~ 40 min) to be able to confirm the transaction for real Bitcoin is slow dude! And Lighting is a layer 2 that is NOT EVEN bitcoin.
I guess you don’t understand how Bitcoin works. It’s called #scaling and it’s still super early.
Bitcoin does not scale. Competing coins like Solana might.
The fact that you say competing coins proves my point even more your subconscious already knows Bitcoin.
BTC is worse than Ponzi. Since, if it would be a Ponzi scheme you could hope for getting at least some money back. But hey, as long as new money flows in just HODL.
It is not a scam, true. BTC represents a way, how the minority will get the money from you. This is not true for DeFi.
Cash is good right Saylor. You keep selling BTC for cash. We keep shorting BTC. We both gain.
Would love another space with a BTC mining company Michael, to get an update on the China exodus and such.
