"Bitcoin isn't backed by anything."
Let me stop you right there.
Bitcoin is backed by energy. Real energy. Kilowatts. Heat. Physics.
The kind of backing you can't print, fake, or vote into existence at an emergency Fed meeting.
Every block mined is a thermodynamic proof of work. Not a promise. Not a policy. Proof.
The issuance schedule has never been amended by a committee. Not once. Not ever. Because there is no committee.
There's just math. Cold, indifferent, and immune to political theater.
The network is secured by more raw computing power than anything humanity has ever built. Hundreds of exahashes per second standing guard. Every single day.
Now let's talk about what is backed by nothing.
The dollar.
It's is backed by confidence. Specifically, confidence in the institution that printed $6 trillion in two years while telling you 3% inflation was healthy and you should be grateful for the soft landing.
In the same people who can't pass an audit.
Who fund wars with a credit card.
Who promise solvency while sitting on $39 trillion in debt and accelerating.
"Backed by nothing" isn't an attack on Bitcoin.
It's a confession about the dollar.
Follow if you're serious about building wealth they can't print away.
@DuganChris_AI@NeilJacobs Made a lot of money in stocks too. And over 4,000% in BtC returns since 2017. No wrong way to make money. But saying BTC is crap and not worth anything is the most foolish thing Iβve ever heard. Just say you donβt understand the tech so youβre not investing.
@DuganChris_AI@NeilJacobs It was never created to be untrackable lol. Itβs a public ledger π stay in your Tradefi lane. If you donβt understand it, donβt invest in it. DYOR better next time.
@arielhelwani@netflix Awful fights to start a Netflix run. B list fighters and washed fighters going head to head. Terrible way to start a promotion. Main event was 17 seconds π lmao!
If youβve been wondering about investing in STRC and/or SATA as an individual, I wrote all about the new class of Digital Credit in this morningβs Informationist.
Super easy to understand and todayβs issue is free to everyone. Enjoy!
https://t.co/rGYAuON896
@EricBalchunas@ThinkingUSD If banks have all the money, and can undercut costs, why canβt crypto exchanges have yield for their users.
Banks = low yield, but low cost trx.
Crypto = higher yield, but higher cost trx.
Simple trade off I think both sides win π€