@HolochainExpose At the very least, if Holochain and Holofuel business endeavour go bust in future, the developers have already benefited via business expenses aka salaries to themselves. While Hot holders lose money after years of holding.
@KobeissiLetter If the US is hit by Great Financial Crisis Part 2, select global central banks would have significant physical gold vaults to shield their economies as much as possible.
@notme65413668@rajatsoni@PeterSchiff In China, people buy and sell physical gold (called beans) smaller than 1 gram (between 0.1 gram and 0.5 gram). Suitable for hypothetical daily trade.
Venezuelans recently have even used gold flakes for daily transactions (bolivar affected by hyperinflation).
@GoldSilverHQ If spot gold hits US$10k a troy ounce, people worldwide can experiment with buying stuff using gold flakes (Venezuelans using gold flakes instead of bolivar due to hyperinflation).
@WatcherGuru If spot gold stays elevated above US$4k per troy ounce in future, only the ultra wealthy can afford pure gold jewellery as a status symbol, with the average folk only able to afford jewellery with less gold purity.
@ElypsisLabs@Cointelegraph Unless Silver decides to follow its bro Gold's lead and increase its per ounce price to US$50, then Bitcoin would need to race its own price up to catch up.
@PeterSchiff A possible hint at upcoming US Gold reserve revaluation that could kick its price up to $20k? Hoping no geopolitical chaos if that happens.
@DavidLe76335983@Oof86583180 In hyperinflationary Venezuela with its collapsed national currency, citizens have been known to use gold dust and flakes (extremely tiny amounts) to transact daily spending. Perhaps a hypothetical future collapsed USA can do the same.
@Maseb244@ronin21btc @Bitbruh13 @grok In the hypothetical event that the USA's economy collapses and never recovers to its highest peak, is it possible for Bitcoin to continue to be traded by traders and investors from other countries?
@bensig "Maybe we should work with govts? Wouldn't it help to extend Bitcoin's reach?" an audience member. "No! The govt is just one big bunch of gangsters. Right now, it's us who have the initiative. And we're not going to give it back,' cypherpunk Amir Taaki- book The Dark Net(2014)
@100trillionUSD Possible for $BTC to hit US$300k by next year. I've cashed out of my investment holdings when it was priced between US$110k and US$122k, leaving a small amount for a possible moon shot next year... if a recession doesn't hit the US economy by then.
@Barchart Sold off most between US$110k and US$121k this month, after holding it since 2021. Now holding to a small amount for potential long-term moon-shot to US$1 million or US$500k.
@moreworktodo1@blackwidowbtc@thecoldxst Yeah. People need to sober up and study how institutions heavy buying triggered bubbles and then dumped to cause financial market crashes in 1987, 2000, 2008, 2020, etc.
Prep, invest, follow socio-politico-economic developments, and sell off during early euphoria stage.
@talkcentss@coinbureau As someone who invested into BTC around the average price of US$37k, the notion of multiple altcoin founders using their crypto to buy into BTC and inadvertently blowing its price upwards is both awe-inspiring and scary.
@lyvia23WRIGHT@scottmelker From records left at forums etc, it seemed like Satoshi and the other cypherpunks wanted people to totally abandon govt-controlled fiat and fully adopt Bitcoin, with no worries on any fluctuating fiat-dollar value. They were crypto-anarchists.
@holochain Hope this take on post-blockchain app space takes off. Have just bought Holoport+ (after being on a waitlist for over 6 months), set it up and registered with Holo. No dapps hosted on it so far. Awaiting further updates from the team. Thanks.