Those obsessing over Bitcoin’s price still don’t get it. It’s not a get-rich-quick scheme - it’s a get-free-quick scheme. Whether it’s $1 or $1M is irrelevant provided it retains its p2p nature.
@SallyMayweather @rogerkver Bitcoin isn't a get rich quick scheme. But the price does matter. At $1, Bitcoin can't be used for much economic activity. There also wouldn't be enough hashrate security. See the dismal failure of the forks of bitcoin. They are toys at best.
@SallyMayweather P2P is extremely important. If you go custodial you lose all the advantages.
$BTC isn't bitcoin. Satoshi wrote is: "Bitcoin: A peer-to-peer electronic cash system" You can' t have that with $5 fees. $BCH is bitcoin. And $BCH is a peer-to-peer electronic cash system". $BTC is a cargo cult, pumped and dumped by the Federal Reserve, and used against us as a weapon of mass distraction.
@SallyMayweather Bitcoin and all decentralized crypto currencies have an Achilles Heel.
@SallyMayweather Anyone informed about the fork's nature will disagree with you. Bitcoin[core] is a ponzi. Bitcoin[cash] has promise.
@SallyMayweather Finally! Somebody "gets it". As long as the narrative remains a "cash out" scenario instead of a use case, bitcoin is no threat to the Bankster's shell game.
@SallyMayweather Censorship resistance and decentralization are the value proposition
@SallyMayweather I don't understand this abt Bitcoin. What's stopping govt from tracking its accumulation and purchases? And how do we KNOW it can never be devalued?