@camelfinance Personally I think the best thing you can do for your kids is set them up so they have a safety net and can’t get into financial difficulty.
However that is a very different thing than giving everything to them on a plate so that they feel entitled.
@PeterMcCormack Because they believe in a big powerful state which is needed for the wealth redistribution and can’t concede that the big powerful state is actually needed to enable central bank money creation.
Bitcoin is, currently, a little bit less expensive than physical gold for individuals to self-custody (custody costs and risks) and far less expensive and quicker to transfer (validation/assay costs and risks and global settlement).
Bitcoin is so far neither considerably cheaper nor more expensive than gold for institutions to hold, because of the trust/control issues involved in institutional custody.
Technology can make Bitcoin considerably cheaper to self-custody, both for individuals and institutions, but that is a set of technologies that are slow to mature, not widely understood, and require very different kinds of institutional trust/control support that are even less well understood, as well as otherwise overcoming the long institutional habits of Wall Street and banks to centralize custody.
There's considerably less room to improve self-custody and validation costs for the 6,000 year old technology of gold -- not impossible, just less room for improvement.
This means that the current emabarassing centralization of Bitcoin at mega-custodian Coinbase is a temporary phase in Bitcoin's bumpy path to maturirty, whereas centralization of gold in bank vaults is unlikely to change much.
@maxkeiser What was great about the Keiser report was how fired up you would get. Bitcoin media is too dry and unemotional. You raised awareness to many otherwise uninformed people of the abominable practices of Central Banking, Wall St, the IMF etc. The public should be outraged by it.
@chooserich Saylor doesn’t have to do anything for about 18 months. They raised enough USD to pay all the dividends on the preferred stock for at least a year.
The key question is whether BTC will show signs of growth between now and a year’s time. If yes, then MSTR nav will expand again.