@mir_btc@giacomozucco@LuganoPlanB I’m so sorry to hear/have seen that you lost your hard wallet in the lake! It must be a terrible loss of bitcoins. Do remember to inform tax authorities about the fact that you lost it, it would be even worse to pay taxes on bitcoin you don’t own anymore.
-Va dans un des pays avec une des meilleures gastronomie au monde
-Va dans un piège à touriste de con
-Commande un BURGER
-UN PUTAIN DE BURGER
-Le piège à touriste de con lui sert un burger mid
-"muh muh muh macdonald is better"
YOU FUCKING IDIOTIC AMERICAN
A highlight from Plan ₿ Summer School.
Yesterday, @sbaaaam21 brought back the 21-second challenge, giving students the chance to earn a spot at the speakers’ dinner table.
The question made by @KLoaec was:
What is a PSBT? 🤔
Would you have answered correctly, and in time?
@timevalueofbtc I just bought lots of mstr (follows bitcoin but more volatile, I am confident that saylor will keep holding and buying bitcoin). Fully agree.
@Erin0421888 If it works for you, it works. For the vast majority of people, I don’t recommend it. In the long run, they’ll lose their value, while Bitcoin will continue to rise. Be careful around the shitcoin rabbit hole, and keep your sights set on the goal of accumulating Bitcoin.
If you’re a shitcoiner, I want to make something clear. You are NOT a Bitcoiner. You are part of a useless scheme that has NO value in the long run, that will NOT benefit ANYONE. Bitcoiners are Bitcoiners because they understand that Bitcoin WILL bring justice to this world.
@efenigson Efrat, I mean to say this in the kindest manner possible. I was a student at the PlanB business school last summer, and I am a student pilot. Chemtrails don’t exist. There’s many videos and sources online disproving the theory.
Value is not a physical thing
To all the people who think bitcoin can’t have value because it’s not tangible...
Tangible assets constitute the following percentage of the Mag7 market caps:
Nvidia: 0.66%
Apple: 1.38%
Tesla: 4.06%
Microsoft: 7.29%
Alphabet: 8.39%
Meta: 9.56%
Amazon: 16.28%
Combined weighted average: 5.79%
If you liquidated all of these companies’ physical assets, they wouldn’t amount to 6% of their valuation. There have been days in which the market caps of these companies have moved by more than the total value of their physical assets.
If 94% of the value of the most valuable companies on earth is non-physical, then value does not have to be physical.
If digital things have no value, then you should have no problem with giving me your computer to erase all the data from it. I will return your computer to you in the same exact physical form. I will just press a few buttons that remove all your data, photos, and contacts, and make it impossible for you to restore them. If value can only be tangible, then all of these digital things have no value, and you shouldn’t mind me deleting them as long as the devices return in their original state. I don’t think you would.
Technology, data, business knowledge, customer base, brands, and so much more are non-physical assets whose value likely exceeds that of all the planet’s physical objects and land. This is something most people understand in their daily lives, but because most people have no understanding of money, they do not understand how it applies to money, too.
Most people think their money is physical, but in reality, most fiat currencies today are 90%+ digital, and usually less than 10% of the supply is physical paper money. There are no stacks of dollars in your bank sitting in a box under your name, available for you to pick up at any time. A tiny fraction of the money is physical, and the rest is digital, manufactured in various quantities by your bank, government, central bank, and other pedophiles, in quantities based on pure vibes. People still give this non-physical fiat money value because it is the only money they can use with a bank account, since governments only license banks that use their local fiat shitcoin. There is no need for the money to be physical to work; digital fiat money works as well as physical fiat money; or as badly.
Bitcoin is an entirely digital money, but it is given value for far more intelligent and peaceful reasons than fiat money. You can read more about that in my books The Bitcoin Standard and The Fiat Standard, which you can buy from Amazon or https://t.co/Va3iL87Ups.
A common objection to bitcoin’s value is: “But if people stop believing in the value of bitcoin it can lose all value.” But that is true of everything. If people stop believing in the value of gold, it would lose value and just become another worthless rock. If people stop believing in the value of electronic devices then Apple and Nvidia go to zero. If people stop believing in the value of Manhattan, then all Manhattan real estate goes to zero. If people discover that tomatoes are poisonous, they stop believing in the value of tomatoes, and the entire planet’s tomato industry goes to zero. Just because something is physical does not guarantee its value, as we can see from the infinite amount of sand and rocks on our Earth left completely untouched by human hands. Physical things can be valueless and non-physical things can have value. Value and physicality are two independent things that are orthogonal to each other. You are doing yourself a disservice if you are unable to benefit from the world’s most advanced money and best saving technology because you are unable to see that value can be non-physical in this one instance, when you have no problem seeing it elsewhere.
A slightly more nuanced version of all these claims is highly likely to eventually happen on perfectly rational ground, some can be shown to have happened already on empirical evidence.
- bitcoin will eventuallt make MODERN, fiat-fueled, permanent, global, totalitarian warfare, significantly less affordable (but wars will still exist, even big ones, as they did before 1917)
- bitcoin is and will remain a hedge against everything except for total technological collapse (then I guess we're back to gold)
- bitcoin is being slowly adopted by nation states, for strategic reserves too, even when the very same nation States will try to prevent their subjects to adopt it (that's happening already at small scale)
- bitcoin has already severely impacted energy markets (it will do so much more, almost inevitably)
- entering bitcoin rabbit hole *can* be a good excuse to become healthier, physically and mentally, and even improve family relations (it did happen to many already).
The debt passed $39 trillion today.
Paying a trillion dollars of interest annually on this debt causes hardship for tax-payers and robs us of resources that could otherwise be used for infrastructure or national defense. And ultimately, this debt will enslave our grandchildren.