I remember the first $2.5b move. Bad strategy, should have kept it small and avoided so much dilution. Owning 1m coins clearly put the whole network at risk and greatly hurt bitcoins odds as becoming global money. Tried to become the face of bitcoin. Selfish. I sold long long ago - but sad. Saylor become one of bitcoins biggest weaknesses.
@TheRonnieVShow Iβll take some mongo, elastic, gitlab, digital ocean. Everyone is focused on bottlenecks. The real trade is something that scales without a bottleneck
@LukeGromen@PauloMacro My question on the oil thing. We had oil prices in the range going back 19 years ago. So it seems adjusted for inflation oil has been very cheap. Does this really break everything?
@TFTC21@MartyBent Why wouldnβt they just make their own currency? Im sure they will also create their own language. It makes zero sense for the Ais to use bitcoin when it consumes the same food they do..power.
I have to say that the current Bitcoin vulnerabilities are far worse.
1. Governance that canβt decide
2. A hackable cryptographic ledger (quantum) with a potential $100b+ honeypot in P2pk addresses.
3. A fully audible supply for maximum surveillance on your coins.
Gold supply is not auditable nobody seems to care as long as you can custody with privacy.
@mikealfred lets be real - I love BTC and its connection to power, fixed monetary rules etc. But it has become surveillance coin and no longer has much of the original vision. Then the whole quantum and satoshi coins thing.. I have switched mostly to zcash despite its centralized nature.
@Bulldozer0@real_vijay@PeterMallouk Well we have to trust that Bitcoin core doesnβt do dumb things. And we have to trust that satoshis coins donβt get stolen. We have to trust that the government doesnβt track every single transaction we ever make.
@real_vijay@PeterMallouk My question here is - what happens when gold is properly put onto blockchain rails? Seems like we have some bigger risks in btc and now similar upside?
Bitcoin will not survive the satoshi coin and quantum black swan. Donβt say you werenβt warned.
Plenty of networks have gotten off to great starts and failed. Replaced by things better suited to quickly expand into a market void.
I love Bitcoin - made it my identity for a while just like you. Donβt be blinded by that.
@olvelez007 Hopefully not for my sake. I swapped a lot of btc. Going with my gut here. Quantum and satoshi coins will cap btc price. Global reserve thesis needed flawless execution and some luck. Itβs broken