@MarediaShehzan Why can't I get a reply from @lava_xyz to questions about my account despite sending multiple emails? Poor customer service, did I make a mistake using Lave?
@lava_xyz@lava_xyz , I would consider using the Lava card I was approved for, but I can't get you to answer simple questions about my account after over 3 wks of sending multiple emails, what is the issue? After I sent the first email, I got a response that someone would reply, yet nada
@Rajatsoni I have been quite happy with the Lava BLOC (Bitcoin Line of Credit). No term, no interest payments needed, get more money (up to 60% LTV) at any point. Pull collateral off at any point when LTV is <50%. Very easy to use product, and rate lower than Strike & others I've seen.
In 2008, houses were on sale.
Nobody wanted them.
Not because they were expensive.
Because people were convinced prices would keep falling forever.
Fear was everywhere.
Banks were failing.
Headlines were screaming.
And even people with cash were too scared to buy.
Fast forward 10-15 years.
Many of those same homes have doubled, tripled, or gone up even more.
The opportunity wasn’t hidden.
It was hated.
That’s what Bitcoin feels like to me today.
Not because the world is ending.
But because fear is doing what fear always does:
convincing people that tomorrow will look exactly like today.
The best investments rarely feel safe when you buy them.
They feel uncomfortable.
They feel uncertain.
They feel like a mistake.
In 2008, some people were buying houses that nobody wanted.
Today, I’m buying Bitcoin that nobody seems to want.
Time will tell if I’m right.
But history has taught me that the greatest opportunities usually arrive disguised as panic. ₿
@BitcoinArchive Not hard to check and see it is his third biggest buy ever. 55, 500 on 11/25/24 and 51,780 on 11/18/24. The Strategy dashboard at https://t.co/SW6AAnCcM7 is awesome, go there and click on "purchases" at the top to see all the buys. Still impressive, especially in a bear market.
Imagine if I said to you "Earth is an uninhabitable place to live"
You look at me sideways and say "What?"
I reply "Planets are awful. Pluto/Uranus/Neptune, you'd freeze. Mercury, you'd burn. Venus, you'd be poisoned. Jupiter and Saturn, you'd be crushed. Mars: nothing to breath.
It's true. Most of the planets, including over 5700 exoplanets, are really really bad places to live.
But the conclusion that this means earth is uninhabitable is obviously a basic logic fail.
Now imagine someone tells you "Bitcoin is a scam"
Again, as someone who has used Bitcoin and understands how Bitcoin works, you say "What?"
They reply "Most crypto has gone to zero. VCs dump on retail. Memecoins are complete rugpulls. Pre-mined tokens, you get diluted to oblivian. ICOs, you're the exit-liquidity for founders and early investors.
It's true. Most of the thousands of cryptocurrencies launched since 2009 have been complete scams.
But again, the conclusion that this makes Bitcoin a scam is equally a basic logic 101 fail.
Earth is the only planet with a breathable atmosphere, the right temperature band, and liquid water.
Bitcoin is the only cryptocurrency with the combination of no insider enrichment, a fixed supply that nobody can change, and a 17-year unhacked decentralised ledger.
In both cases, some very special and unique features make the general rule inapplicable to the one obvious exception.
This logical fallacy has been around long enough to have a name. Aristotle spotted it about 2,300 years ago and called it the "Fallacy of Accident". You take a pattern that's generally true for a category and force it onto the one member where the evidence clearly shows it doesn't fit.
Other examples of the logic fail :
- No-one I know can run a sub 4-minute mile, therefore Hicham El Guerrouj can't run a four minute mile
- "Drugs are bad" so we should ban prescription medication
A few days ago, Ben McKenzie sat on Jon Stewart's podcast and committed the same logic-fail: citing crypto's failures as his evidence against Bitcoin.
He's not the only one to fail in this way. Paul Krugman, Elizabeth Warren, Jamie Dimon, Christine Lagarde all conflated Bitcoin with all crypto for years. Many journalists still fail to distinguish Bitcoin from all other crypto (though the better ones are starting to).
In fact, this fallacy has been deployed for years with impunity by people who either don't know, or forgot to mention, that Bitcoin has unique features making it materially different from all other crypto
The irony is that Bitcoiners and crypto-critics are on the same page: the rugpulls, the insider enrichment, the tokens engineered to extract value from retail investors are all things that Bitcoiners like @CorySwan and others have been vocally calling out for over a decade, long before category-conflating journalists and actors from teen dramas decided they had an opinion about it.
It's not that hard
Unless you have the attention-span of a gnat-fly, you can easily do 5 mins research (AI-assisted if you really want) and discover either what the core differences are between Earth and all other planets, between Bitcoin and all other crypto.
Earth is an incredibly, uniquely habitable planet for humans to live.
Bitcoin is an incredible, uniquely suitable form of currency for humans to use
@MitchellAskew@Strike I too am excited about Strike's BLOC product and have anxiously been awaiting it to come out, but I have been using Lava's BLOC for the past few months and have been very pleased with it, and with their lower rates I don't see myself moving over to Strike anytime soon.
Your grandchildren will stare at you like you're clinically insane when you tell them a whole Bitcoin used to cost $66,000.
The same way you looked at Grandpa when he said he bought a house for ten grand and thought he was exaggerating.