Community Trust ScoreVerified
Michael Saylor expressed: Government policy is continually creating inflation in every product, service, & asset price that varies with time, place, & type of consumer. Inflation has never been low, is always unhealthy, & cannot be described with arithmetic or stopped by simple monetary policy measures.
The path of least resistance is Bitcoin.
Community Reaction: With the talk of crypto regulation and the known fact that the FED has a trading desk that clearly manipulates the market how can we say it’s good and how can we say it’s free. Especially when it’s done with created currency where the value of Bitcoin is assessed in terms of the dollar.
Peer Clarification: You have to believe in something. The people that control the current currency (USD) will attempt to control the next (BTC), but they cannot simply create Bitcoin like they can with the dollar, only buy it like the rest of us. All you can do is front run them and buy BTC ahead of everyone else and be early in the game.
With the price of Bitcoin going up what should newbies learn? What should they exactly learn, Michael? Bitcoin price is up? Majority can’t afford bitcoin at these prices, so if they buy fraction of bitcoin will it still not do them good even if they wait for a decade or two. Cost of living is high and will continue to do so in the future too. So, buying even a fraction helps is what Bitcoin newbies should know.
Why Bitcoin when there are several other cryptocurrencies out there? Because it is the only real proof of work coin the rest are proof of stake and corruptible.
How to get people to trust Bitcoin? In order to educate 9 out of 10 people about Bitcoin, we first need to educate people to be savvier with technology than just at a consumer level. People don’t trust things they can’t verify, and in order to verify the code of Bitcoin, you can’t be your typical consumer.
Why are people mad at Bitcoin? The problem is that most people fear more to lose all their money with bitcoin and to run without reserves into hyperinflation.
Many have read about BTC often 2 years from hearing about Bitcoin to actually doing something. Many still feel they have to buy a whole Bitcoin and many just don’t want to get it and miss out due to pub chat misinformation.
