Posted on 02/10/2021 6:59:04 AM PST by SeekAndFind
He purchased so he owns it. It sounds as though he just banked $1.5 billion.
It is still not a currency that I would trust. One push of a button, gone.
The key missing word here is government. Whatever else it is, bitcoin at its core is a deeply thought-out protest medium. No permission is sought from the government for its creation, its valuation or its internal rules. It is peer to peer, meaning it existence and trade is purely between individuals. What better definition of freedom.
From this perspective, bitcoin’s meteoric rise sends the clearest of messages. People distrust government. Deeply. The more the distrust, the higher bitcoin will rise.
169-Year-Old MassMutual Invests $100 Million in Bitcoin https://www.bloomberg.com/news/articles/2020-12-10/169-year-old-insurer-massmutual-invests-100-million-in-bitcoin
You really have to have an absolute trust in Big Tech to get involved with bitcoin. Then again if you are Big Tech it is like owning your own Treasury complete with printing presses.
The downside. The full for e of governments against it.
Nor can I understand how running a processor to complete a mathematical calculation produces anything of value that can be transferred in any manner.
I still think it’s a government program of a kind to collect people’s wealth and leave them nothing.
Until I know for a fact, by having it traced backwards and having nobody government official in the beginning, that is my opinion on cryptocurrency.
Having said that, I wish I could have gotten in the ground floor so I could have cashed out by now.
Huh?
Bitcoin is anti Big Tech no?
How did the big stones once on Yap Island to store “value” store value? How does paper used in currency store value? For that matter how does gold store value?
Because people beleive it does and accept that it does !
As far as I'm concerned "investing" in "bitcoin" is exactly like "investing" in a lottery ticket...don't bet anything that you can't afford to lose!
Orlin Grabbe is in his grave smiling at his prescience. His creation the Rand never really suceeded but Bitcoin is the present legacy of his thought
Would not be surprised if he bought, pumped it, sold into the pump, and is now out, flat.
Yeah.
None of the other representations of money are stored in zeros and ones on a computer, somewhere.
Thanks Union, that helped a lot.
Say again?
Will the cars have two prices, one in dollars amd one in bitcoin?
When a country’s currency devalues or fluctuates more than bitcoin does, that country could stabilize by tying their money to bitcoin. If Venezuela had done this, they’d be out of the woods by now.
Like most such some-mysterious-figure-started-this-on-the-Internet phenomena, it very likely was and is controlled by some government or government-linked entity.
But still Charlie Brown lets Lucy hold the football for him.
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