@JamesDelmore1 No. I would argue that if bitcoin succeeds, nobody could buy 20 million, because the price would rise too much.
It requires a failure mode for some entity to buy 20 million.
🔥 Michael Saylor: Confidence in Ethereum has collapsed. Sui has collapsed after being hyped as the 'next Solana.' The rest of the crypto market is fighting over utility. They are not money. Bitcoin is the only dominant digital currency network.
@LynAldenContact@AdrianoFeria The war was started to increase dollar demand. Why else would any lunatic cutoff the entire Middle East oil supply and force countries to buy oil from selected suppliers only.
@FirstSquawk To hide the "real" deal announcement among all the fake ones. Bears will not believe it and continue to short the market. Insiders will know and add their long positions. End goal is to make 💰💰💰🫰
@BTCBreadMan@RonSwanonson Let's be real, you cannot really use lightning for day-to-day purchases.
Also, any asset that has conditional finite-limit cannot be used as a means of transaction.
@cryptorover > Saylor buys back 1,550 Bitcoin at $65,161
Funny part is BTC's price is still lower than his buying price. Somehow Saylor always buys the top. "IS THIS THE BEST $BTC TRADE EVER?" lmao
Genuine question: If someone is cursed with knowledge and knows before time what's gonna happen to the market, do they really need to sell $10 monthly subs (like an OF model)?
Ethereum doesn't play a narrative game because it has every narrative. It is the most decentralized network, with the widest geographic and stake-weighted validator distribution. It is the most secure network, protected by a pool of slashable Ether that even now gives it a raw total cost of attack that far outstrips all else. It stands alone as having effective client diversity, an achievement of ecosystem coordination that reduces the chance of a software bug becoming a protocol bug. Ethereum has non-probabilistic finality without sacrificing liveness, the self-healing mechanism of the inactivity leak, a sharded data availability layer, and perfect uptime.
Ethereum is the World Computer, it is the cryptographic bulletin board with guaranteed liveness, it is the unstoppable neutral verifier of proofs, it is the hardest database in existence. It is the global settlement layer for finance, finance that pretends to be decentralized, and decentralized finance. It is where you can vote, collaborate with friends, keep your art, keep your life savings, and record your life's works. Ethereum is the Unreasonable Man's katechon of liberatory technology in a world increasingly eroding Free speech, Free software, Free association, and Free markets.
Ethereum did this without taking shortcuts; scaling has always remained conservative to keep the CROPS requirement of at-home self-verification not only feasible, but easily feasible. It does this without hiding its problems; MEV is a scourge but it is transparent, where it can be reasoned about. It takes the time to prioritize important hardening features like FOCIL even when it requires the painful decision not to focus on other improvements.
Ether doesn't play a narrative game because it has every narrative. It is programmable. It is an unconfiscatable store of value with predictable and sustainable monetary policy. It is the pristine decentralized asset of the greatest network, by which virtue it is pristine collateral in decentralized finance. This makes Ether private nonvolatile money, able to mint a number of anonymous stable cash equivalents that are cheaply transferable anywhere and everywhere. It is an inherently productive asset in both its own flourishing ecosystem and as the wage of soldiers receiving the minimal viable pay to secure us all.
The future is incredibly bright. We have all of the tools we need and simply need to actually build liberatory technology with them. Ethereum upholds incredible underlying CROPS promises, but not everything that exists atop it is accessible in a CROPS way. The sovereignty of most users is eroded bit by bit in various ways and various trust assumptions. There is no reason that we cannot do better, there is no reason that we cannot fix this, and I am excited to dedicate my life to this cause.
@brian_armstrong > Derivatives/perps, stablecoins, prediction markets, etc are all up in crypto.
@brian_armstrong which is the dominant blockchain here? It for sure is not Bitcoin. Let's see if you can answer this correctly.
@smtgpt > Today’s market is increasingly driven by stablecoins, DeFi, and real-world assets all building real, global financial infrastructure.
And all of it is getting built on ETHEREUM