@OfficerBJJohns1 @JohnDarco_ Think of it in a similar way as gold. It is a commodity which is scarce (cannot be printed) and meant for transaction purposes. They both are store of value assets(goes up cause of money printing). Security is something like a stock -centralized, can be diluted, needs disclosures
@OfficerBJJohns1 @JohnDarco_ Check out the 6, 12, and 18-month returns after each Bitcoin halving. There's a clear pattern every cycle. If Bitcoin's closest comparison is gold, we can use the relative valuation to determine its long-term value.
@JohnDarco_ If you are so confident about your thesis why not have a bet? 10K USD! If Bitcoin crosses 120k by Dec 2025 you pay me 10K USD otherwise I'll send you the money. Put your money where your mouth is!
@JohnDarco_ Omg bro how can you be so arrogant. Bitcoin is a legit asset class. Crypto is definitely a scam but look into Bitcoin. Have you even bothered to look into the white paper. Do you know Proof of work is?
@JohnDarco_ It's an insurance against currency inflation and provides a means to start anew if you live in a war-torn country. In high inflation countries like Argentina or Turkey, people don't store money in their native currency; they exchange it for dollars or euros
@JohnDarco_ The value lies in the ability to store your wealth securely, without the risk of it being stolen or devalued through money printing. You can send millions or billions of dollars worth of coins across the world for just a few pennies or dollars.
@JohnDarco_ due to their slower inflation rates. This is similar to the properties of gold, which has been used for centuries as money, unlike other metals such as platinum or copper.
In China, rather than towing illegally parked vehicles, the valet robot, a compact, extendable cart with wheel grippers, re-parks them in the closest legal parking spot.