Bitcoin does not and cannot store value. It has no link to the real economy. - ThreadSky

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noeldarlow.bsky.social • 29 days ago

Bitcoin does not and cannot store value. It has no link to the real economy.

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So you wouldn’t want me to send you value via 1 Bitcoin? You could send it to an exchange and sell it instantly for $101,000. USD.

silverlining.bsky.social•29 days ago

bitcoinbro.bsky.social•29 days ago

Right. I think it’s pretty clear it’s not a trick. 200 million wallets.

noeldarlow.bsky.social•28 days ago

Don't know how many times I have to say this but bitcoin's value solely depends on demand for bitcoin. It's not linked to anything in the real economy.

bitcoinbro.bsky.social•28 days ago

It’s linked to a commodity. 100.5 trillion horsepower per block. Electricity, copper, silicon, time, intelligence, networks, people… need I go on?

noeldarlow.bsky.social•27 days ago

It is not linked to any of these things. The value of of bitcoin depends solely on demand for itself.

But I have no doubt you will go on - and on and on and on. This is the world we live in where blind, stubborn ignorance tries to muscle out objective reality by speaking in a loud, determined voice

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