Owning to rent yes but I am saying many buy real estate on the assumption that the value will continue to increase at higher rate than inflation thus preserving value. With COVID and the money printing we saw stocks, real estate, Bitcoin all go up. A major reason for this is people looking for...
Real estate may be good for now but there will come the day when Bitcoin sucks the monetary premium out of it as well as all of these other false stores of value. A house didn't use to be thought of as a store of value, at least not how we think of in now. It was utilitarian. You lived in the...
And for a little ‘history’ perhaps you should read about how in ancient Judaea some would fix their scales when measuring gold in order to steal from the other party. This was before there was standardized coinage. Or about how some would shave pieces of gold off their coins and collect them...
History is something I deeply love and I study everyday simply for fun so I am not sure where you’re going with that.
As for how much Bitcoin it would take to fill your tank, that depends how big your tank is. Although you clearly haven’t read what I have written. I stated multiple times...
There are KYC regulations to purchase Bitcoin on exchanges just as if you were to buy stock from a brokerage. Once the Bitcoin is moved off the exchange it is incredibly difficult to prove it is yours, particularly when using coin mixing services such as coin joins or whirlpool. However it is...
I have been embracing the price buying at $7,000, $10,000, $15,000, $35,000, $50,000. You get the idea. I believe my highest price paid was around the $54,000 mark.
And an asteroid can wipe out all of life on earth. These "what if" scenarios are incredibly silly. How would a global government function with the internet? You realize everything today requires the internet and it would be a zero sum game for anyone to shut it down.
Are there uncertainties...
A government would need to shut down the entirety of the internet to stop Bitcoin and even then there are already satellites syncing the Blockchain. Also if one country moves against Bitcoin it creates an incentive for others to embrace it. Particularly now as countries such as Russia and China...
The entire point of bitcoin is that it is decentralized and thus does not need the state to use martial force to ensure monopoly on the money. Despite today the money not being being created by the state but by private centralized banks essentially unaccountable to the state.
Actually bitcoin...
Another way to think of Bitcoin is that is the worlds first successful monetary network. Think of Facebook, it dematerialized social interaction and created a digital social network. Youtube (or Netflix etc) dematerialized analog video media and created a digital video network. Amazon did the...