If Bitcoin’s a Ponzi because it relies on belief, then so is gold—and pretty much everything else we’ve agreed has value. At some point you have to choose your Ponzi.
@shaxphere@techleadhd You were doing so well, then took a wrong turn. Stocks of those companies will go to zero. Abundant intelligence will make it much easier to produce services, diminishing the value we currently give to these companies.
@BtcCuracao but the people who care would either already know that bitcoin is a thing and own it or know what it is and be a regarded critic
the other 95% of the planet would suddenly see bitcoin and think 'i can buy that'
@saifedean If you ran 5+ ASICs for 5+ years, odds are you earned fewer sats than simply stacking—unless you front-ran the 2017 or 2020 halvings and secured sub-$0.05/kWh power.
Mining is leveraged long-BTC with capex, opex, and decay. DCA is slow, stupid, undefeated.