@GSLeViCuong1 Upgrade in May: Adaptive Blocksize Limit Algorithm, this algorithm aims to dynamically adjust Bitcoin Cash’s block size based on the average size of recent blocks, reducing susceptibility to spam attacks and lowering costs.
"The bursting of the Bitcoin bubble"
- The Economist, October 2011
People have been calling Bitcoin a bubble since it was worth $30 in 2011.
12 years later it's worth $30,000.
If you're still calling it a bubble or a fad, maybe now is the time to ask why you've been wrong so far.
Ignore the price for a moment. What is Bitcoin actually?
It's the solution to a global problem: How to store wealth long-term without the risk of debasement and seizure.
It's is a technological breakthrough.
Teslas are engineered to be the best car.
iPhones are engineered to be the best mobile device.
Bitcoin is engineered to be the best store of wealth.
Do you think investing in tech stocks is normal but investing in a technology that addresses one of the biggest problem on earth (storing value) is dumb? 🤔
The majority of people are storing their wealth in assets that leak value to inflation or debasement over time and are liable to seizure by increasingly capricious governments.
Sovereign debt, equities, real estate, gold, fine art... They are all imperfect stores of wealth, but they were the best we had until Bitcoin.
"But Bitcoin has no intrinsic value!"
Here's why Bitcoin is valuable:
It's Finite: There are only 21 million coins. There's no central banker who can debase your wealth.
It's Divisible: you can buy / sell $0.10 worth, or $10 Billion worth.
It Can't Be Seized: It can't be physically taken from you. There are ways to store it so that no external party can take it from you. You have full control over your property. Do you know anything else like that?
It's Supply Inelastic: Unlike almost everything else on earth, as the price of Bitcoin rises, there's no way to make more of it. That prevents the price from falling due to a sudden supply glut.
It's Portable: You can move anywhere in the world and have access to your Bitcoin without permission. It weighs nothing and you can move across borders without anyone knowing you own it.
It's Free From Counter-party Risk: The entire financial system could melt down around you. JP Morgan could go bankrupt. And you could still have your coins without needing to be bailed out by anyone.
It's Globally Accessible: Storing wealth is a global problem. And Bitcoin isn't jurisdiction specific. No one gets special treatment - it's a fair protocol available to all.
No other asset on earth has these combined characteristics. It had to be invented.
#Bitcoin was engineered as the ideal store of value.
It has gained more since March 2020 than the S&P500 has gained since the bottom of 2009.
It's not just some widget that anonymous people like me are hallucinating over.
Now that Blackrock, Fidelity, Deutsche Bank, Crédit Agricole, Citadel, and other large institutions are about to offer it to their clients you can either dig your heels in and say that they're just getting in on the scam, or you can try to understand why 70% of supply hasn't been sold in over a year despite large volatility.
Why are Billionaires stacking Bitcoin?
Why is famous trader Paul Tudor Jones saying he's "never sat on a horse as long as he's sat on Bitcoin?"
Are we all morons? I certainly don't feel like a moron watching investments 10x over a 4 year period.
The time to ask questions with an open mind is running out. The institutions are coming. And the fiat wave won't be far behind them.
The window of opportunity on the most obvious investment of our generation is closing.
You'll still benefit by stacking BTC at $300K a coin.
But you'll hate yourself for ignoring this tweet.
Quand un directeur de chez @pfizer essaie de récupérer la vidéo où il avoue que son entreprise créé volontairement des variants pour créer et vendre davantage de vaccins, ça donne cette scène historique.
Le Titanic va couler...
Après les Etats-Unis, le scandale éclate en Allemagne. Le gouvernement allemand faisait des réunions avec les réseaux sociaux pour se mettre d'accord de censurer les opinions critiques et indésirables sur la gestion Covid et les vaccins...
In the past year, almost every legacy international news outlet said that because of our “#Bitcoin bet”, El Salvador was going to default on its debt by January 2023 (since we had an 800 million dollar bond maturing today).
Literally, hundreds of articles https://t.co/rEiK7K13U4
@SonofElune@DrNft @messkinha @gregory_raymond@Ripple Secure proof of stake, 3200 noeuds validateurs reparti dans le monde, adaptive sharding qui permet de scaler selon le besoin, 100k transaction/secondes. On y est pas ?…il manque quoi alors ?
@the_economystic And if people turn bullish to buy lkmex v1 on 3rd party exchange at a good ratio 1mex:2.5lkmex then migrate them to lkmex v2, the ratio on 3rd party exchange will decrease (maybe 1mex:1.5lkmex or less 1:1) so keep lkmex v1 will be an opportunity to sell them for 1:1
@the_economystic Lkmex v1 will not disappear as soon as the DEX 2.0 will be there, as you have to manually migrate lkmex v1 to v2, people can chose to keep lkmex v1 and sell it to 3rd party exchange, so 3rd party exchange could live at least 1 more year.
@KenzieSigalos A real use case for #Bitcoin in Lebanon. When inflation turns to hyperinflation, local money losses 85% of its value. Banks limit withdrawals. People rekt. Going to mine #Bitcoin or buy it to live.