Datasets:

SocialGrep

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reddit-r-bitcoin-data-for-jun-2022

like 2

1comment

iedz93k

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vomm4k/i_will_buy_01_every_day_we_are_under_20k_sell_me/iedz93k/

$28 fee. Godamn.

1comment

iedz79o

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo066b/daily_discussion_june_30_2022/iedz79o/

[deleted]

1comment

iedz77w

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/voj5kf/im_honestly_starting_to_lose_hope_for_these/iedz77w/

I still use cash daily but that’s because my girls strips and brings home about $4-$6k weekly and people still pay there rent with it. It’s very comforting have a few hundred grand in the safe for emergencies. Cash still is king

1comment

iedz6wb

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo066b/daily_discussion_june_30_2022/iedz6wb/

[removed]

1comment

iedz64u

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo066b/daily_discussion_june_30_2022/iedz64u/

Stfu you nerd 😂 go jerk off to Fantasy baseball while mommy makes you some sandwiches. Get a job

1comment

iedz4ah

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/voltf9/libertarian_party_of_georgia_on_twitter_if_youre/iedz4ah/

This one I am talking about was a registered republican right up until she was a "Libertarian" and she is against womens right to choose on abortion and pro Mexico wall. Republican stuff not libertarian stuff. And jfc she is a native american woman... a tribe member no less. Probably just trying to draw votes from Native tribes since they voted hard blue in 2020.

1comment

iedz2dj

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedz2dj/

That’s the point of economics. Yes you have a right to do whatever you want to do with your money. Economists mics is the study of what you, and everyone else on the planet, does with their money. They’re saying “water will always run down hill” And you are saying “but it’s my water if I want it to run uphill I will” Okay cool you do you but most will let there water run down hill and that’s where economics comes from.

1comment

iedz0vq

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedz0vq/

LOL! All crypto must die.

1comment

iedz0m8

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo066b/daily_discussion_june_30_2022/iedz0m8/

they really want 20k monthly close

1comment

iedyzxg

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo066b/daily_discussion_june_30_2022/iedyzxg/

Thanks for this video, gonna act like hopium for so many people here.

1comment

iedyyxy

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo066b/daily_discussion_june_30_2022/iedyyxy/

[deleted]

1comment

iedyxtw

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/voizwb/hardware_wallet_for_hodling_till_death/iedyxtw/

I gave them fake data to begin with😂😂😂. And the address I recieved it at is occupied by someone else.

1comment

iedywwm

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo066b/daily_discussion_june_30_2022/iedywwm/

Why is what I’m asking a bad question? Isn’t the number of transactions that bitcoin can handle a second important if it’s going to be used by millions of people? I’m new to bitcoin.

1comment

iedywuu

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedywuu/

I was fully with you until the 3rd paragraph. Todays money is only backed by the government. Though unlikely but IF they would say it is no longer legal tender - chaos breaks out. IMO, Nixon committed his 1st impeachable offence on August 15th 1971. Money was once separated from state because it was beneficial if you didn't need to trust a state to use it. Adversaries could trade with it. Money will be separated from state again.

1comment

iedywk8

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo066b/daily_discussion_june_30_2022/iedywk8/

Wait for the really fun ones, where it jumps 25% in a day. December 2020 - March 2021 was just madness.

1comment

iedyv7e

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vno0eg/describe_bitcoin_in_12_sentences_in_the_most/iedyv7e/

But i am making sure that i will keep them in the wallet and that wallet in a deep sea.

1comment

iedyv5c

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vom1cw/deciphering_btc_hash/iedyv5c/

I didn’t get to set the fee. It was set by BlockFi, which might mean it is lower.

1comment

iedyt3q

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo066b/daily_discussion_june_30_2022/iedyt3q/

[deleted]

1comment

iedyt4u

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/voizwb/hardware_wallet_for_hodling_till_death/iedyt4u/

I just thought a hardware wallet simplifies this process for me. I am not against spending some money in return for some convinience.

1comment

iedys34

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo066b/daily_discussion_june_30_2022/iedys34/

Your gonna Be waiting a long time

1comment

iedys06

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo0kv1/buttcoiners_have_been_waiting_since_2018_to_feel/iedys06/

We are really glad that these people are not connected to BTC now.

1comment

iedyrgm

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vom1cw/deciphering_btc_hash/iedyrgm/

Status is confirmed. Confirmations is 38.

1comment

iedyppp

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo5vm1/last_chance_to_be_considered_an_early_adopter/iedyppp/

Panic selling is not always a bad thing. People panic when they are over exposed or they don’t understand what they invested in. Or sometimes, cutting loses is also better. Accept the loss and sell to avoid further loses. I’m very much against this hodl mentality - we are all here for the money after all

1comment

iedypmt

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vomm4k/i_will_buy_01_every_day_we_are_under_20k_sell_me/iedypmt/

luhdat

1comment

iedyp06

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vodhmx/cbdc_vs_bitcoin/iedyp06/

To be fair the CBDC doesn’t exist and this is all conjecture. This is bullshit OP

1comment

iedynww

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo9egt/would_you_rather_own_bitcoin_outrightly_or/iedynww/

I think an etf is better because you have access to more leverage and it makes it easier to qualify for other investments like real estate

1comment

iedynyd

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo066b/daily_discussion_june_30_2022/iedynyd/

Your a dick

1comment

iedyns1

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/voizwb/hardware_wallet_for_hodling_till_death/iedyns1/

Ledger leaked all of their customer data once, so I really don't trust them as a security company.

1comment

iedylli

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedylli/

Crypto is magic ;-D

1comment

iedyl8n

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/voizwb/hardware_wallet_for_hodling_till_death/iedyl8n/

I have used the Trezor Ones and I like them. The interface is a little harder, but not that hard. And they are cheap and secure.

1comment

iedyk7m

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo066b/daily_discussion_june_30_2022/iedyk7m/

Oh Bitty you so silly.

1comment

iedyjgw

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vohluz/blockfi_is_bankrupt/iedyjgw/

Closing the barn door after the horses are gone...

1comment

iedyj8k

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/volht1/bitcoin_is_deflating_as_a_currency_then_why_would/iedyj8k/

Bitcoins are still mined at a predictable but decreasing rate. So the number of bitcoins able to be used in transactions is still growing but at a slower and slower rate.

1comment

iedyiwk

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo066b/daily_discussion_june_30_2022/iedyiwk/

Is now a good time to buy bitcoin? It has hovered at the same level for 2 weeks after the crash. Surely it can't drop any further.

1comment

iedyir8

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedyir8/

*some people are reluctant to sell stocks. That money is tied up just like it would be with BTC as the main currency. Other people freely spend money instead of buying stocks just like they would instead of keeping BTC.

1comment

iedyik6

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo8na0/tell_me_we_have_no_reason_for_btc/iedyik6/

Sure, money laundering can be JUST, and murdering can also be JUST.

1comment

iedyi8d

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedyi8d/

You should study the history of our financial system more, then.

1comment

iedyhdi

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedyhdi/

Nah, it's pure math. Why are you gonna risk your money into a bullshit business if jusy holding it gives you a return? The investment must be better than the deflation, so it's harder than now, only the best can fight. Not naive at all. Ppl are stupid, they pay to get cancer XD

1comment

iedyg9e

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedyg9e/

Because at some point when I have no more US dollars and I want goods I will need to convert just enough of my bitcoin to keep living

1comment

iedyfth

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedyfth/

If the Zack bucks have the full force of the government to keep values stable, I'd rather earn Zack bucks. More importantly, I'd rather have a system where liquidity can be added to help us out of recessions.

1comment

iedyfi9

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo066b/daily_discussion_june_30_2022/iedyfi9/

Sheesh man have any of you heard of pay It forward ????? Some fuck asks for help with a desk setup and everyone scrams to send him bitcoin , I ask for help with something plausible just ONE TIME and it’s like I killed your families . I don’t appreciate this community as much as I used to

1comment

iedyf9t

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/volht1/bitcoin_is_deflating_as_a_currency_then_why_would/iedyf9t/

So its inflationary in the way that every day more bitcoin is mined and added to the curculating supply. Just like dollars or gold, etc. Its disinflationary due to the halving because every 4 years (approx) the number of bitcoin mined every day gets cut in half. Inflation here refers the expansion of the monetary or circulating supply. So this expansion keeps getting smaller and smaller in bitcoins case and keeps getting bigger and bigger in dollars case.

1comment

iedyf6d

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo066b/daily_discussion_june_30_2022/iedyf6d/

ahaha, fuckin bitcoin, love it

1comment

iedyeyv

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedyeyv/

The short answer is they won’t. All else being equal - they would either cash out for a profit in whatever local fiat currency they use, or they would hodl. Using it as a currency was always going to be an outlier for a long long time. It may never be adopted or utilized as a true currency.

1comment

iedyejy

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vojyfh/buy_the_dip_right/iedyejy/

Thanks! Researching now!

1comment

iedydpc

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vom1cw/deciphering_btc_hash/iedydpc/

Learn how to use https://mempool.space

1comment

iedycnn

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo066b/daily_discussion_june_30_2022/iedycnn/

Why is it pumping

1comment

iedybs6

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo066b/daily_discussion_june_30_2022/iedybs6/

[removed]

1comment

iedybe4

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo47wc/bitcoin_on_the_same_adoption_scurve_as_the/iedybe4/

Adoption in those countries is piss poor also.

1comment

iedyars

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedyars/

It needs to just hit a million dollars so it's all even and makes.sense 🤣

1comment

iedyan0

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vohd5t/this_is_what_you_can_buy_when_you_hodl_bitcoin/iedyan0/

It will take 20-40 years. Which is how long most mortgages are.

1comment

iedy8bs

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo066b/daily_discussion_june_30_2022/iedy8bs/

And now this is what I really call a nightmare, ain't a dream.

1comment

iedy7ro

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/voltf9/libertarian_party_of_georgia_on_twitter_if_youre/iedy7ro/

Ya it's weird someone can call themselves a libertarian and support a fascist (who actually raised taxes on the middle class during his time in office)

1comment

iedy75r

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo066b/daily_discussion_june_30_2022/iedy75r/

Craziest pump I've ever seen...wow

1comment

iedy6wd

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo066b/daily_discussion_june_30_2022/iedy6wd/

Cry more

1comment

iedy52c

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vohd5t/this_is_what_you_can_buy_when_you_hodl_bitcoin/iedy52c/

I remember when Al Gore convinced everyone FL would be under water by 2007 or something. It'll take way longer for real noticeable climate change then the next couple years

1comment

iedy4z5

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo066b/daily_discussion_june_30_2022/iedy4z5/

Last time to buy below 20k woo hooo..

1comment

iedy4k5

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo066b/daily_discussion_june_30_2022/iedy4k5/

👀

1comment

iedy4ey

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo8na0/tell_me_we_have_no_reason_for_btc/iedy4ey/

Nope they're in my pocket though. Yours to. Might even be in your bank account.

1comment

iedy4c9

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedy4c9/

All else equal would you rather earn Zack bucks that I can create as much as I want of or BTC which has a limited supply. As more people realize using the government issued currency is no different than Zack bucks, more people will choose the one that doesn’t require trust to maintain scarcity. Then the logical conclusion is that people earn and spend in….

1comment

iedy453

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo066b/daily_discussion_june_30_2022/iedy453/

I mean yeaah the people get used to it, it's just a matter of time.

1comment

iedy43r

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo066b/daily_discussion_june_30_2022/iedy43r/

When I said I wanted to make Bitcoin a smaller part of my portfolio this year this is not what I had in mind

1comment

iedy2u4

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo0kv1/buttcoiners_have_been_waiting_since_2018_to_feel/iedy2u4/

What's PoS? I never heard about that term before man.

1comment

iedxzay

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vom1cw/deciphering_btc_hash/iedxzay/

[deleted]

1comment

iedxymv

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedxymv/

Because with an appreciating price you will always have more than you can spend or use.

1comment

iedxybl

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedxybl/

This is exactly what would happen and give bitcoin more value. That is the difference between currency and money, btc could be both but it doesn't have to and it's indeed not a really productive asset so might motivate some to trade it to make more of it. Your point is people spending their currency in their daily life and accumulating btc, a bit like a store of value or a saving account. The overall result would be an exchange of currencies towards bitcoin. Bitcoin being finite it would become a sinkhole for debt based currencies. In the end there is a debasement of the currencies or an increase of the value of the "good money" whatever it end up be. Either it bitcoin loose it's value for some reason or hyper-bitcoinisation happens and everything is valued against it or bitcoin becomes an extremely scarce valuable that is out of the regular circulation, Gresham's Law. There is a point where you want to buy things and if you don't have enough of the bad currencies because they are spent toward buying the "good money", or because the bad money is worthless or because no one accept the other "bad money" then you have to spend some of the "good money". The being "good money" rich is only true if you use it, you can have a treasure buried in your garden, if you never use it do you even have it? The interesting thing is that a finite money actually make it boom and bust triggering supply exchanges. The rarity of it triggers a price surge that can only be sustained if there are no sellers, price looks for sellers and buyers. The treasure keepers leave it rise, but the rising price eventually finds it's sellers motivating others to sell, and more to panic at the bust. Price corrects and recover an equilibrium. This is why there will be sellers either because there is always a price to motivate to sell or because the "good money" swallows everything and eventually become the currency for some.

1comment

iedxy4e

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo0kv1/buttcoiners_have_been_waiting_since_2018_to_feel/iedxy4e/

That's right, I am glad that everyone will have their name lol.

1comment

iedxxpo

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedxxpo/

So instead we all hoard our money and don't spend fuck all! That would cause a drop in demand which would mean more layoffs which would cause an even bigger drop in demand and then we're into a spiral, what a clownshow

1comment

iedxvv4

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedxvv4/

[deleted]

1comment

iedxuht

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo9egt/would_you_rather_own_bitcoin_outrightly_or/iedxuht/

They have GDLC for that.

1comment

iedxscn

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vod50n/how_many_cycles_have_you_been_through/iedxscn/

Don't regret it. Just keep buying more at a discount now. Increase your stack while it's still cheap!

1comment

iedxrmg

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vojyfh/buy_the_dip_right/iedxrmg/

Buy slowly ,it’s going down to 8k ,source :trust me bro

1comment

iedxq04

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedxq04/

People don’t need an incentive to consume. You always want a bigger house, a nicer car, etc. So that answers your q in a hypothetical world where BTC is predominant.

1comment

iedxpwp

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vnrbx5/arent_btc_whales_kinda_inadvertently_making/iedxpwp/

That is very zen and fortunate for you. Unfortunately, some of us need to try and time the market. Sadly manipulation factors into that. Not missing the forest...I'm trying to acquire as much of it as I can. "The only thing worse than being blind is having sight but no vision."

1comment

iedxppt

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo066b/daily_discussion_june_30_2022/iedxppt/

[deleted]

1comment

iedxpnv

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedxpnv/

Currency doesn't make you do anything, it just changes the value equation. The act of spending is a trade-off. You are trading an asset for a good/service. If a person believes they are better off spending their asset for the good/service than holding it, then they will. In other words, spending has to cross a threshold of value to the spender before it is worth it. If you believe your currency's value will be higher in the future, then that threshold for spending is higher, but there is still a threshold. People will still spend bitcoin. If a currency is inflationary, then that threshold for spending is lower. So if a currency is deflationary, goods/services have to provide more value than they otherwise would in an inflationary scenario.

1comment

iedxove

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedxove/

[removed]

1comment

iedxo37

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vod50n/how_many_cycles_have_you_been_through/iedxo37/

Been buying since March 2019. Haven't sold anything, and am not going to sell for at least 15 years.

1comment

iedxmn4

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vohluz/blockfi_is_bankrupt/iedxmn4/

On the other hand, there are tons of indirect factors that may affect the true valuation. Good accountants factor those in proportionally

1comment

iedxi0y

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vojyfh/buy_the_dip_right/iedxi0y/

Stare long enough into the abyss, and it will gaze back into you…

1comment

iedxgd4

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo066b/daily_discussion_june_30_2022/iedxgd4/

Your a greedy fuck. Guy trolls on Reddit for a living can tell by your comment thread

1comment

iedxeym

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo066b/daily_discussion_june_30_2022/iedxeym/

So the guy who needed help with a fucking desk setup can get tipped in sats though no problems what so ever give me a fucking break you dick. Read them the fuck yourself there’s no hope in humanity cannot wait for the world to burn to a crisp

1comment

iedxerk

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vohluz/blockfi_is_bankrupt/iedxerk/

I always appreciate someone honoring me with a 'good luck', even if I don't know why I'm being offered it for :) so, thanks!

1comment

iedxdfo

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedxdfo/

The fed has entered the chat. No fiat currency in the history of fiat currency has survived. This usually correlates with the demise of a civilization but around 22% of currency have failed due to hyperinflation. The dollar will be no different.

1comment

iedxc9o

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedxc9o/

Right now it isn't a global currency, its a store of value. Sure, the value against USD is a rollercoaster right now, but that just tells you we are early. Imagine 20 years in the future, when a Bitcoin is worth $10 million USD or so. At those high prices, they price will stabilize, and we won't be talking about Bitcoin being a currency. The companies and people and governments who prefer Bitcoin will be sending the currency satoshi that are stable in value.

1comment

iedxc0j

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/volht1/bitcoin_is_deflating_as_a_currency_then_why_would/iedxc0j/

This kind of thinking comes from keynesian economics school of thought, which is essentially central bank propaganda. The claim is that deflationary money will reduce spending and crash the economy. The guy who developed this school of thought, British economist John Maynard Keynes, did so in the 1930s - he had no formal training or education in economics but he had a prestigious position in the British Treasury. With Bitcoin as a deflationary monetary good, yes spending is reduced in the present, but in the long term spending is actually increased. People still need to consume goods to live their lives today, and therefore will spend money to consume them. For example, in 1980 a 1 MB external hard drive cost $3500, but today that amount is worth pennies. Yet, people have continued to buy and use hard drives for decades, even though their prices continue to decline. When you consider making a purchase, you don't compare the price to its expected future price. You compare it to the benefits you gain from purchasing it now in the present. If the benefit of buying today outweighs the benefits of waiting despite a price decline, you'll make that purchase. Every person who buys a laptop or phone does so even though they would definitely get a lower price if they waited just one year. And yet, year after year, billions of people globally buy phones and laptops. People want to enjoy and benefit from products in the present. You will buy the loaf of bread today instead of waiting weeks to months because you need to eat *today*. Otherwise you will starve. If you just think about it for 5 minutes, the idea of needing inflation just doesn't hold up at all.

1comment

iedxbvx

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo8na0/tell_me_we_have_no_reason_for_btc/iedxbvx/

Reds under your bed.

1comment

iedxbce

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo3cb2/never_ever_use_their_orwellian_language_unhosted/iedxbce/

Yeah, the counter isn't to reject the words being used but to re-re-define them right back at them. Vector of attack is clearly the word "host" and how it relates to bitcoin. Hosts are anti-bitcoin. Hosts are 3rd parties. Hosts are banks. Or scammers. Etc. Bitcoin was invented to solve the problems associated with "money hosting".

1comment

iedxapz

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/volhtf/real_estate_upbitcoin_down/iedxapz/

I just sold my house ,my old Neighbor already dropped their price this month ,real state is about to crash,sell now or regret later,I am using a little of the money to buy crypto as it drops ….and buy another house later when crypto goes back up and the houses have dropped a good 20/30 %,feds are going to raise interest again,make a move .

1comment

iedxa5o

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedxa5o/

People have the option to do that right now theoretically. The current fiat system is debt-based because human beings are not rational creatures. Human beings by design are curious, inquisitive and always want more. Bitcoin will not change this. The current system evolved to what it is because it had to. It is a reflection of human nature. If we all held a currency that appreciated in value nobody would use it to trade - we would just invent a thing to use for trading and use it to buy Bitcoin. Perhaps we would even have that thing backed by Bitcoin. But btc wont be a currency. The entire idea is laughably stupid.

1comment

iedx9g0

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedx9g0/

this this is the one!

1comment

iedx85y

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/volht1/bitcoin_is_deflating_as_a_currency_then_why_would/iedx85y/

Bitcoin base layer. Digital dollar or similar can be the transaction layer.

1comment

iedx810

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo066b/daily_discussion_june_30_2022/iedx810/

[removed]

1comment

iedx5z9

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/volht1/bitcoin_is_deflating_as_a_currency_then_why_would/iedx5z9/

No ...but just wondering

1comment

iedx5l4

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/voizwb/hardware_wallet_for_hodling_till_death/iedx5l4/

You can run the app offline on an airgapped computer. https://bitcoin.stackexchange.com/questions/22115/how-to-download-bitaddress-org-to-use-offline

1comment

iedx4d9

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo9egt/would_you_rather_own_bitcoin_outrightly_or/iedx4d9/

Only way to know is if you read the prospectus. Still never seen one. Prove me wrong.

1comment

iedx2y7

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vohluz/blockfi_is_bankrupt/iedx2y7/

Try get them out now

1comment

iedx2ql

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo0kv1/buttcoiners_have_been_waiting_since_2018_to_feel/iedx2ql/

Your comment was held for review for mentioning the Forbidden Coins.

1comment

iedx2rj

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/volht1/bitcoin_is_deflating_as_a_currency_then_why_would/iedx2rj/

Can you elaborate on the disinflationary part and enlighten me how it acts this way?

1comment

iedx1zb

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vohluz/blockfi_is_bankrupt/iedx1zb/

[removed]