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BitcoinMike
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@BitcoinMike23 on Twitter
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BitcoinMike 2 years ago
Stole this from Fred Krueger on twitter. A Nightmare on Fiat street There's a new kind of money. It's only accepted in a handful of restaurants and retail shops. Amazon doesn't take it. And you definitely can't use it to pay your taxes. But this money that nobody accepts did 10 trillion dollars in transactions last year -- more than Visa. The value of this currency has appreciated more than any other asset class in 12 of the last 15 years. It's progression follows a power law, with close to 40% current compound growth. 100 million people worldwide are saving in it. That number is growing at the cube rate of time. Anywhere on the planet, you can exchange it for the local currency. Dollars, Euros, Yen or the Vanuatu Vatu. It's massively liquid, trading Billions of volume per day. So ignore it if you want, or try to be cute and time your purchases and sales. But recognize that it's here. And it's unique. It's Bitcoin.
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BitcoinMike 2 years ago
Curious if @gladstein listened to the debate with Nouriel Roubini and Erik Vorhees recently. Roubini and I quote said “what has bitcoin done for Africa?” I nearly fell out my chair as he tried to convince us that current payment systems changed the people’s lives over there and Bitcoin did nothing.
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BitcoinMike 2 years ago
My friends party theme talent is unreal. These events happen twice a year and I always feel excited for them.
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BitcoinMike 2 years ago
When you convolute a system so bad that you can’t explain it anymore. This is so wild
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BitcoinMike 2 years ago
I could listen to @Jeff Booth say the same thing a million times. I do it for the same reason we learn, practice, training. Repetition makes the mind sharper. My North Star
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BitcoinMike 2 years ago
Trying to buy a car, asking people if they accept bitcoin. Awaiting responses. Lol
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BitcoinMike 2 years ago
Anyone else watching the halving clock for the sheer amazement in scientific achievement?
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BitcoinMike 2 years ago
Uber drivers are incredible to plant orange pill seeds with. I’ve easily planted twenty seeds over the last two years and find they are amazingly receptive. I find that I don’t talk about bitcoin directly at first. I talk about technology deflation like @Jeff Booth and lead it into where this goes. I find they don’t want me to leave the car and some have asked to stay in touch. I will continue to show an empathy based approach and meet people where they are. Need to thank the many who helped me grasp this. @preston @James Lavish @Peter McCormack @Natalie Smolenski @Guy Swann @jack mallers @jack @Samson Mow @Daniel Batten @Jameson Lopp @Saifedean Ammous @Pierre Rochard And a special thanks to @BTC Sessions instructional videos.
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BitcoinMike 2 years ago
Thank you @gladstein This is the type of stuff I need to send to my friends on the left. I want them to understand from this perspective. Side note, I would love to take that personality test your organization does lol
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BitcoinMike 2 years ago
I don’t understand how the power law model takes into account the hyperinflation of fiat currency