[amorphous]

Interesting!

In the end, the only way to kill Bitcoin may be to make it so that people don’t need it anymore. If no one wants a devaluation-proof, censorship-resistant, permissionless, borderless, non-discriminatory, teleporting financial asset, then no one will feed it energy, and it will die. Perhaps humanity can come up with another technology that addresses these needs.

But until then, Bitcoin will thrive.

[BipolarBob]

We won't need money. Biden is elected. It'll be a Socialist Utopia!!

until we all starve or freeze to death

[Jonty30]

Prove time that Bitcoin is nothing more than an experiment by government

[Deaf Smith]

Requires electricity.

Green energy will limit one's access to their money when it fails.

[brianr10]

Is it like a Quatloo?

[JonPreston]

[E. Pluribus Unum]

In January 2009, a mysterious coder going by the name of Satoshi Nakamoto launched Bitcoin, an open-source financial network with big ambitions: to replace central banking with a decentralized, peer-to-peer system with no rulers. It would use a programmable, highly-fungible token that could be spent like electronic cash or saved like digital gold. It would be distributed around the world through a set-in-stone money printing schedule to a subset of users who would compete to secure the network with energy and in return, get freshly minted Bitcoin.

...

Unlike every other cryptocurrency, there is no central point of failure. Bitcoin has no Vitalik Buterin, no Ethereum Foundation, no Deltec bank like Tether, no fancy offices in San Francisco, no team of lawyers, no governance token, no VC-backing, no pre-mine, no small council, and no whales able to manipulate the system. This decentralized architecture has already insulated Bitcoin from attacks at the highest levels. No matter how much Bitcoin you own, you can’t change the rules, print more, censor, steal or prevent others from using the network.

Bitcoin is an existential threat to corrupt governments, the global banking industry and the Rothschild oligarchy.

What's not to like?

[Fungi]

A serious post and look at the responses. They speak for themselves. There is a fine line between humility and arrogance.

[kiryandil]

“At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency? Yes No”

[MinorityRepublican]

Suppose governments around the world ban Bitcoin. How would I use it if Big Tech bans it as well?

[bakeneko]

The only reason for absurd Crypto ‘valuations’ is because Central Banks have decreed that the word ‘value’ no longer has any meaning.

Soon there will be a crypto and general stonks crash; inevitable.

[GOP Poet]

bookmark

[jdsteel]

“Devaluation proof”???

LOL.

[discostu]

No. Part of the point of virtual currency is lack of government control.

[Arlis]

Governments can outlaw it.

Like guns.

Do so and watch what happens.

[M Kehoe]

Hi.

Good post.

I didn’t see mentioned that there are only 21 billion Bitcoins available? Maybe I missed it.

Think about this. What if the Treasury stopped printing dollars for a month.

5.56mm

[GOPJ]

“Not your keys, not your coins,” first popularized by Bitcoin educator Andreas Antonopoulos, is a community mantra. With more than 10 percent of the American population using Bitcoin, if enough people self-custody, then a 6102 attack would be of limited effect. Given that the keys to your Bitcoin account are typically in the form of 24 seed words that can be written down, hidden, encoded, or memorized, a military home-by-home raid couldn’t work very well and would constitute a mass set of human rights violations.

Revolutionary stuff... power to the people...