Bitcoin is still early

[jacoavlu]

There are lots of people who think bitcoin is worthless and would refuse to accept it.

I'm not aware of any point in history where any significant group of people has deemed gold worthless and would refuse to trade something for a gold coin. Ever. I don't think any credible person believes that gold would or ever even could be worthless. You can't say the same about bitcoin, and even about the US dollar. 2% inflation of the dollar is considered the goal, therefore by intent one dollar will trend to 0.

This makes the hate on the goldbugs...curious.. to say the least

Bitcoiners and goldbugs are far more similar than dissimilar

Gold became accepted as the money because it best satisfied fundamental properties of money. Durable over time. Reasonably portable. Verifiable. Divisible. Fungible. Scarce, most scarce among monetary metals

paper money became a thing because as gold became more valuable those fundamentals kinda got worse, and holding much gold resulted in significant risk. So people made gold IOUs that rather worked until the state decided to break it

[jacoavlu]

https://www.cnbc.com/video/2023/02/15/charlie-munger-on-crypto-its-ridiculous-anybody-would-buy-this-massively-stupid-stuff.html

Charlie Munger: “govern me harder daddy”

[MMJB LLC]

Bitcoiners and goldbugs are far more similar than dissimilar

Gold became accepted as the money because it best satisfied fundamental properties of money. Durable over time. Reasonably portable. Verifiable. Divisible. Fungible. Scarce, most scarce among monetary metals

paper money became a thing because as gold became more valuable those fundamentals kinda got worse, and holding much gold resulted in significant risk. So people made gold IOUs that rather worked until the state decided to break it

fren <3

[Tim]

There are lots of people who think bitcoin is worthless and would refuse to accept it.

I'm not aware of any point in history where any significant group of people has deemed gold worthless and would refuse to trade something for a gold coin. Ever. I don't think any credible person believes that gold would or ever even could be worthless. You can't say the same about bitcoin, and even about the US dollar. 2% inflation of the dollar is considered the goal, therefore by intent one dollar will trend to 0.

This makes the hate on the goldbugs...curious.. to say the least

The refuse to trade statement might be overstated for gold. Not many retail establishments will accept gold in payment. Just like a corner gas station posts a sign, "No bills over $20". Gold is not widely circulated. In fact, an extremely small portion of existing gold is even held in the form of a currency to be exchanged or used for exchanging goods or services.
That does not mean it does not have value. It is widely traded precious metal. Most of the world's population has only seen a gold coin in a commercial. Never held one or physically saw one nor held physical gold. Gold denominations are collectibles or translate into gold content and valued in dollars. Not weight in gold.

[NapoleanDynamite]

https://www.cnbc.com/video/2023/02/1...pid-stuff.html

Charlie Munger: “govern me harder daddy”

Hey Jaco...Did you see this video on Charlie? Pretty funny.

https://mobile.twitter.com/WalkerAmerica/status/1626253346570117123

[NapoleanDynamite]

I appreciate all the hard work you put into curating all these wonderful articles. May I suggest just posting this link in the future: https://99bitcoins.com/bitcoin-obituaries/

Most of these articles belong in there

That's hilarious Yoshi...And you are correct.

Incidentally, I browsed your blog. Very good info! Kudos Ser.

But I did find one problem with it...on your "About page" here is your description:

"I’m Yoshi. I’m a practicing physician, husband, techie and finance nerd. I blog about finance, cryptocurrencies, blockchain technology, medicine, AI, robotics and future tech. I have nothing to sell you."

You need to change the part in bold to state Bitcoin Only.

[Tim]

https://99bitcoins.com/about/zsofia-elek/

It’s a living.

[xraygoggles]

NFTs are now on bitcoin. Lol

Remember when people were yelping bitcoin, not crypto? WRONG!

bitcoin, crypto, NFTs, stablecoins - all these are subsumed under speculative investments - same shiz under different wrappers.

Maxis heads exploding this week.

[jacoavlu]

NFTs are now on bitcoin. Lol

Remember when people were yelping bitcoin, not crypto? WRONG!

bitcoin, crypto, NFTs, stablecoins - all these are subsumed under speculative investments - same shiz under different wrappers.

Maxis heads exploding this week.

you’re late to the party sir the fad is already over. Mempool cleared

[deanyar]

Just curious - is this the longest ever WCI forum thread?

[xraygoggles]

you’re late to the party sir the fad is already over. Mempool cleared

Well i've been following it on twitter past week or two, and the cope is epic.

Permissionless? Uncensorable? Bitcoin? Not if maxis have anything to say about it.

[G]

Just curious - is this the longest ever WCI forum thread?

https://forum.whitecoatinvestor.com/the-lounge/196115-medical-discussion-of-coronavirus

Does this count, right now happily retired.

[deanyar]

https://forum.whitecoatinvestor.com/the-lounge/196115-medical-discussion-of-coronavirus

Does this count, right now happily retired.

Whoa! That one towers over this thread! Good call...

[jacoavlu]

Well i've been following it on twitter past week or two, and the cope is epic.

Permissionless? Uncensorable? Bitcoin? Not if maxis have anything to say about it.

I agree it is pretty cringe the folks that are crying about inscriptions. bitcoin still being permissionless and uncensorable even if a group of people don’t like how it’s being used. feature not a bug

there are plenty of folks you might call “maxis” that are perfectly fine with inscriptions though

[G]

Whoa! That one towers over this thread! Good call...

not gonna lie, that thread -- and this online community -- was part of the fabric of my 2020.

in contrast, this thread is kinda like watching trashy TV!