AJ

#Bitcoin

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A thread 🧵 👇

[DeFi Dad ⟠ defidad.eth @DeFi_Dad]

Interesting new protocol for claiming yield upfront via "flashstaking," somewhat similar to Alchemix but with a guaranteed date of getting your staked liquidity returned.

[AJ @Ashwinijames97]

@CryptoMichNL @EmperorBTC I don't think you're a scammer and I agree that crypto Twitter is toxic, but from what I have seen @EmperorBTC is one of the least toxic people I've seen on CT. You need to take criticisms with more maturity. 😊

[AJ @Ashwinijames97]

@Doge4faithfull @TheTeslaBull @WandrnAlbatross @JRNYcrypto You understand that it will make Doge a 5trillion dollar asset if it hits 50$ right? That's half the market cap of Gold an asset with thousands of years of history as a valued asset. Sorry to disappoint you, but not happening.

[AJ @Ashwinijames97]

@csrvermaak @Xayn_Az @HaileyLennonBTC You're right, but isn't one person's expense other person's revenue? From what I have read deflation was the cause of the Great Depressionin the U.S and stagnation in Japan. Once again, my knowledge is very little, so correct me if I'm wrong!

[AJ @Ashwinijames97]

@RollinRonin15 @Graki_Khan @HaileyLennonBTC Do you think that Bitcoin has technical capabilities for it to be used as a currency by let's say 5 billion people? (This is an honest question)

[AJ @Ashwinijames97]

@SeanBlythe @HaileyLennonBTC I think everyone here is talking about the long term when Bitcoin is in the phase of mass adoption. The path to that will not be easy, but will definitely be worth it 😊

[AJ @Ashwinijames97]

@fugtwita @HaileyLennonBTC @JeffBooth Thanks for the recommendations! 😊

[AJ @Ashwinijames97]

@QuentinLobb @talvasconcelos @HaileyLennonBTC Good point! Thanks!

[AJ @Ashwinijames97]

@Xayn_Az @HaileyLennonBTC There's no argument that hyperinflation is bad!

[AJ @Ashwinijames97]

@franciscocapde8 @HaileyLennonBTC Thanks for that. Very educational!

[AJ @Ashwinijames97]

@talvasconcelos @HaileyLennonBTC My argument is not whether Bitcoin is good or not, I do not argue that, it's an amazing store of value, but not a good currency.

[AJ @Ashwinijames97]

@BitMekon @HaileyLennonBTC Depends on what they save in. Most people are not educated about the devaluation of thecurrency or inflation, so they save in fiat. If you expect a government issued currency tosave your future, I don't know what to say, end of the day it's your responsibility to save your wealth

[AJ @Ashwinijames97]

@Graki_Khan @HaileyLennonBTC From what I understood, things didn't get bad there because of government intervention and negative interest rate to encourage spending, which can't be done in Bitcoin's case

[AJ @Ashwinijames97]

@Graki_Khan @HaileyLennonBTC Actually no, this is what I think or have understood from the very little economics I know, I could be super wrong though. I have also read about a paper which studied the 5-year deflationary period in the Switzerland, which had some good effect