It's not Bitcoin that is the target. It's what runs Bitcoin and crypto. USD Stablecoins. Putin aint no dummy.
OK man going right there, tho it's typical of your behavior. Was just a comment on the decentralized nature of the bitcoin network. Russian, China, etc can ban BTC but the network will continue to work flawlessly. It's my OPINION that bitcoin will become a more important part of the global financial system over time, as it has over the last couple of years. People can disagree with that opinion and I totally respect it and listen to them / consider their opinion. What I don't respect is you just keep saying (preying) bitcoin is "mother of all tupids", "ponzi", "pyramid", "worthless" etc OR you can recognize that this market is worth 1 trillion united states dollars. You think it's worth $0. You are off by $1 Trillion. MAYBE you are missing something. Just maybe
What I post is my opinion, so you clearly don't respect, listen or consider other people's opinion. You only respect people who share your vision. That's your real attitude. All scams in past had "value" too before they got exposed. So that trillion $ does not impress me at all. Madoff was also a genial trade/investor managing a multi billion $ fund... til the day he was exposed.
Humans have a difficult time with the understanding large numbers: To experience 1 million seconds takes about 12days To experience 1 billion seconds takes about 32yrs To experience 1 trillion seconds takes about 320centuries To compare Madoff to BTC is willful ignorance.
Well, technically, he is not wrong. All BTC network really offers is "number go up". Which all hinges on the next wave of buyers. Beyond that, what's really there aside from a prototype shitty code that probably still has bugs to be exploited, inefficient & slow network and a terrible community full of hypocrites? Just throwing it out there, not trying to start a debate. I will note, that many still make the assumption that Bitcoin is an attractive go to asset for the fresh crypto adopters when the numbers actually show something very different. The latest waves of early retail adopters don't even look at Ethereum as if it has smth to offer them, let alone Bitcoin.
In order for people to understand what you mean, you need to use the same basis of measurement. Now recalculate it with just years.
This so uneducated and I'm shocked to see it posted from someone who is clearly knowledgeable in the space NGU is a fiat maxi mentality. Sure, we all want to be comfortable as NGU does its thing and we can enjoy our wealth in fiat equivalence, but Bitcoin and cryptos are so much more than NGU fiat riches Our net worth is mostly in Bitcoin and cryptos, bro. We don't have any investment in stocks or any other asset. NFA, you do you I sleep well at night Bitcoin is the hardest money. If you have not read the book "The Bitcoin Standard", I'd suggest for you to do so Bitcoin and cryptos are an escape from the worldwide fiat debasement by global central banks and for you to diminish the significance of this ecosystem to NGU, you should change your nick to fiatjitsu
That is not a true statement at this time. Cryptos are inextricably linked to fiat, because that is the only thing they can be compared to, to be able to use them to purchase real-world assets and tangible property, which are valued in fiat. When a tangible asset like a car, or a potato, or a condom can be valued in a Crypto rather than fiat? Then the crypto will have true meaning. All it would take is for some manufacturer to say "We are selling this item for x crypto." The buyer will go, "OK, here is x crypto for the item." Then the person takes the item they bought in X crypto and trades it for another item in x crypto. And so on and so forth down the supply chain. If nothing is priced in crypto value, then crypto has no meaning outside of what everything else is priced in.
Oh, @johnarb That reminds me of something, along the lines of inflation... Bitcoin is currently defined as 1.xxxxxxxx satoshis? So 8 decimal points per coin, yes?