The president of my country bailed out the whole real estate market using tax payers money. I have nothing against using American taxpayers’ money to buy fucking bitcoin
There are several arguments in favor of it, the strongest in my view being to secure first-mover advantage in bitcoin as the global financial system evolves toward digital currencies and de-dollarization. It blocks an obvious exit.
The inclusion of shitcoins other than bitcoin is pure grift imo.
… that are consolidated at some central point and then reconciled a day or three later, these second layers (such as the Lightning Network) are built on bitcoin so that millions of day to day transactions are first consolidated then settled to the bitcoin blockchain.
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https://www.youtube.com/shorts/eZTO-OT0_hs
The inclusion of shitcoins other than bitcoin is pure grift imo.
It’s most like gold, a scarce hard asset store of value. Many people see it as a compliment to our gold reserves, and I think that makes sense.
Definitely not like an equity, there is no bitcoin “company” or central party whatsoever
It’s evolving to become a base layer of value that payment rails are built on top of. Kind of like how Visa or Venmo are really short term loans ….
We’re not quite there yet.