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Fiat-backed coins are an interesting one (not really stable over the long term due to money printing). They have evolved beyond their initial use case of transferring value between shitcoin casinos, and have seen reasonable adoption in South America and other places where USD is far preferable...

The car dealership example used in the video and in the book is just an analogy. He even says this is not how it works with cars, but it is with securities in most of the world. What he is saying is imagine this scenario and how extreme it sounds, but apply it to shares or other assets held by...

Bitcoin does a lot more than 7 txs per second, but most are done at higher layers like lightning. It is impossible to say how many transactions occur because of the privacy that lightning affords. Chaumian eCash takes things a step further, albeit with some counterparty tradeoffs. ETH and other...

Bitcoin is divisible. We won't run out.

I agree with your points, but you are just arguing semantics. You are used to currency losing its value over time, because we no longer have sound money. That doesn't mean that is a desirable attribute for a currency.

An SMSF can self custody no problem. I'd rather save the annual ETF fees and use that to pay for my accounting. The type of ETF absolutely does matter. Lenders offer different LVRs for different assets depending on perceived volatility and risk. Some will be a 0% LVR. I have not found an...

I can totally understand an individual preference to hoard a hard currency like BTC and spend a currency that is losing its purchasing power. But how does that make the currency losing its purchasing power a better currency? Why not stick with fiat in this case? But consider when the roles are...

It sounds like you haven't used Lightning. Point 1 is probably the result of 2, meanly purchasing power is eroded over time. On point 3, the Lightning payment layer gives bitcoin instantaneous settlement and private advantages versus on-chain transactions. On point 4, I do like the meme...

I agree you'd be crazy to sell BTC, but I don't see the difference in one's ability to sell gradually BTC held in cold storage versus the ETF. Do you know of any lenders allowing IBTC as security on a loan? I have not been able to find an LVR for it on any of the major providers. That's the...

Bitcoin. There is no second best! There is no second best crypto asset. There's a crypto asset and it's called bitcoin.

Price drop. $940 each and I throw in free shipping if you buy both.

Up for grabs: 1980 $200 Gold Coin 1985 $200 Gold Coin $950 each

$2344

That's nothing new.: https://99bitcoins.com/bitcoin-obituaries/

Not sure of your age , but there was a brief period of a couple of weeks in the mid-to-late 90s when I was at uni during which sellers discovered a loophole in the fireworks legislation. Temporary shops popped up everywhere selling them. You just had to sign a declaration stating they were being...

Yes. No. Keep your backup phrase safe. wallet.dat is the old way of crypto wallets where a new key pair is generated and stored in a file. You need to keep the file safe. Then came HD wallets where all the key pairs are generated from the 12 or 24 word phrase. This can be backed up on a piece...

They were called faucets. We would have called them taps here. The ideas was you get a few drips and can test out the software without having to risk any real money. It was a more generous time back then. Bitcoins freely donated. Transaction fees were negligible. A bitcoin faucet today would be...

Trade for gold or silver peer-to-peer right on this very website. Or trade for fiat on something like localbitcoins or hodlhodl if you want to avoid exchanges.

There are torrents of the blockchain files that you can download. I spun up a VPS and downloaded a bootstrap file for dogecoin and left it running overnight to reindex. It was caught up by the morning. The bootstrap file was a couple of months old, but still saved heaps of time. That's for a...

I would agree with this. Even those other coins that do actually improve bitcoin do not experience the same network effect that bitcoin has, which is what gives it value. You can build a better FB or eBay or whatever, but if all your friends are on FB and all the buyers are still on eBay, then...