@adam3us@oldmoney_sats Don’t you find it interesting though that he was replying to someone proposing essentially ecash or custodial lightning for micropayments, so ironically this famous quote comes from a post where Satoshi was offsides with how things ultimately developed
@zndtoshi There will always be dumb gamblers. But redenominating to bits preferably (sats if we must, but that's dumb), will get more regular plebs into real btc. Right now only the treasury companies and ETFs solve the unit bias, and that's not the real thing--can't even circulate.
@ArminVanBitcoin If 80k coins sold doesn’t move the price much, shouldn’t be a surprise that 21k coins bought doesn’t either…
I’m honestly shocked at both, but I guess it’s just due to market makers being very liquid and keeping volatility tamped down both ways.
@real_vijay@IIICapital Interestingly the post he was replying to was proposing something akin to cashu mints or custodial lightning, which is the probable direction of most micropayment solutions.
So ironically this famous Satoshi quote was in fact wrong.
@RobinSeyr But since I have aversion to spending it and a desire to buy as much as possible even after 5 years because of the future appreciation, I am still poor and financially miserable.
@notgrubles I agree, but one might ask…
If $9B sell volume doesn’t dent it to the downside, how much buy volume is required to drive it to $1m on the upside?
This is what I mean when I say divorce is a boomer phenomenon. Everyone in my generation grew up under the shadow of this polygamous spectacle of a parent or friend’s parent with two or more living ex-wives/husbands. Having to celebrate their “happiness” over and over again. The most selfish and decadent generation in history. We are never doing that.