Something isn't adding up...
People are coming up with all these excuses for why Bitcoin price is down:
- cycle theory
- Quantum fud
- epstein fud
- Core vs Knots debate
Bullshit. All bullshit.
While everyone is arguing over BIP 110 and making personal attacks against those who oppose them
They have increased the "fixed" supply of Bitcoin
Paper Bitcoin is the problem that everyone should be focused on
They've done the same with gold, silver, and all other scarce assets
Every custodian of Bitcoin should be required to show PROOF OF RESERVES
Bitcoin's two main super powers are ABSOLUTE SCARCITY and TRANSPARENCY
We are allowing them to bypass both with Paper Bitcoin
1. Part ways with ALL Bitcoin companies who do not show proof of reserves
2. Take self custody of your Bitcoin
3. Call out the fuckery within your Bitcoin network and increase awareness
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Replies (2)
I mean if you have any conviction at all and you’re staying solvent, price suppression is a good thing. Spend less than you make and put it all in cold storage. Enjoy the artificially cheap sats (if they exist).
Is this the real reason why companies take so long for Bitcoin purchases to "clear"
Unless extra fees are paid for an "instant" transfer