Bitcoin lost its thunder. It's not an "outside" asset like physical gold and silver any more. Most of it KYCed or under custodianship. Capital gains taxes are awaiting your speculative hyperinflation "gains". The market is simply pricing in that transparent blockchains are neutered.
ODELL's avatar ODELL
stay humble and stack sats image
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This is painfully correct. Then "people" came who said we need to become a (taxable) store of value before an actual medium of exchange. I was able to pay with BTC in my favourite bar in 2012. That was the time. There is a "we pay in Bitcoin and Monero" revolution in the next two years or we will see a total collapse of the concept, meaning while fiat gets phased out by CBDCs purchasing power of BTC/XMR only goes up marginally, stays roughly the same or even goes down because people realise their speculative gains for valueless fiat to survive.
npub1ah3a...l76e
Bitcoin lost its thunder. It's not an "outside" asset like physical gold and silver any more. Most of it KYCed or under custodianship. Capital gains taxes are awaiting your speculative hyperinflation "gains". The market is simply pricing in that transparent blockchains are neutered. View quoted note โ†’
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So true. Bitcoin will never be digital gold as long as it lacks the inherent privacy and fungibility of gold. It's more like digital arbitrary tech stock.
belba's avatar
belba 2 weeks ago
For that reason I decided to establish both cryptos, Monero and Bitcoin. And that with a complete IT setup, hostet at home: Monroe full node, bitcoin full node, electrs, own Monero and Bitcoin miner and later Lightning and Atomic swaps. All build up step by step and powered by solar as much as possible.
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