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Frustrating to see Bitcoin can’t even outperform stupid banks that I despise. Yup Chase, Wells, Goldman Sachs, Morgan Stanley, PNC, Capital One, etc. have all outperformed over the past 5 years.
Was talking to my financial advisor and it was hard to argue the facts and risk adjusted CAGR.
Looking at our laggardness as the calm before the storm ⛈️
I know we are still early on an alternative system, but we need more usage and growth to maintain momentum away from fiat. Will be nice to see the value of a sat go up!
I think you're looking at the wrong metric AND comparing a sweet sweet apple with... turds. Bitcoin is money. Money will never outperform productivity, or in the case of your example, grifters.
The question isn't about how much stinky fiat your Bitcoin is worth; it's about how you spend it, who you empower and which systemic improvements you've contributed to.
Some solid food for thought on “money”
Bitcoin can be considered money in a broad economic sense, but it falls short of fully qualifying as money according to standard definitions used by most economists. Money traditionally serves three key functions:
• Medium of exchange — widely accepted for goods and services.
• Store of value — reliably holds purchasing power over time.
• Unit of account — provides a stable measure for pricing and accounting.
Bitcoin performs some of these roles partially but not consistently or broadly enough to be classified as mature money.
Arguments in Favor of Bitcoin as Money
• Medium of exchange: Bitcoin enables peer-to-peer digital transfers without intermediaries, operating 24/7 globally with low fees in many cases (e.g., via Lightning Network). It is accepted by growing numbers of merchants, and in limited contexts (like El Salvador), it functions for daily transactions.
• Store of value: Its fixed supply of 21 million coins creates scarcity, similar to gold, positioning it as “digital gold” or “sound money” resistant to inflation. Proponents argue it hedges against fiat currency devaluation, especially in unstable economies.
• Decentralization and utility: Unlike fiat money, it isn’t controlled by governments or banks, allowing borderless, censorship-resistant transfers. Some view it as evolving money for the digital age.
Arguments Against Bitcoin as Money
• Volatility → Extreme price swings (e.g., rapid rises and crashes) make it unreliable as a store of value or unit of account. Pricing goods in Bitcoin is impractical, as its value can change dramatically day-to-day.
• Limited adoption as medium of exchange → Most holders treat it as a speculative asset rather than for payments. Transactions can be slow and costly on the main network, and it’s rarely used for everyday purchases outside niche cases.
• Not widely accepted → Even in countries experimenting with it, cash or stable fiat dominates. Economists like Joseph Stiglitz, Nouriel Roubini, and others have called it a speculative bubble or fraud, lacking intrinsic value beyond speculation.
• Economic theory → It doesn’t fit models requiring stable velocity or broad acceptance. Post-Keynesian views emphasize money as debt-based, which Bitcoin isn’t.
Legal and Practical Status (as of 2026)
• Bitcoin is not legal tender in most countries (must be accepted by law for debts). Only El Salvador maintains it as legal tender (though adoption is low and mandatory acceptance was rolled back). The Central African Republic previously adopted it but reversed course.
• In major economies (e.g., US, EU), it’s treated as property or a commodity for tax purposes, not currency. It’s legal to own and trade but not official money.
• Globally, it’s a digital asset with value derived from market demand, scarcity, and network effects—more like a commodity (gold-like) than fiat money.
In summary, Bitcoin functions as a form of digital money in specific use cases and is often called “money” by enthusiasts, but mainstream economists and regulators do not consider it true money due to its volatility, limited transactional use, and speculative nature. It excels more as an investment asset or store of value for some than as everyday currency.
bruh did you just chatgpt me?
lol close. Just challenging us to see where we are really at with adoption and how we measure success.
I get it playing a bit of devils advocate. It hasn’t stored value as well over my 5 years in the space. Feel like we are stumbling with adoption. Take usage on stacker news. We are way down from a few years ago. Why? What flips it back? What can we do?
https://www.facebook.com/opmbs/videos/645622487307772/
This is a 2022 video of Ryan Pinder, Attorney General of The Bahamas.
Also previous Chief Legal Officer at Deltec.
Deltec's main client was Tether.
Not sure it's a bug, per se, but is there a reason that different links at vercel all show as dupes? @k00b @ek
Wich recomended loan and borrow platforms are between stackers? Only firefish comes to my mind.
Hmm, I’ve wondered bunch why so few of my posts cross post to nostr (I always have the box ticked) and I think today that I just figured out that it’s always just the “link” post type. Has anyone else noticed this or am I maybe doing something else wrong 90% of the time?
i dont know why this makes me laugh so much
the conclusion of much curtain research
If I had to choose between tracks and rings, I'd also categorize rings as the next best thing, because these suck.
The average shower curtain is all the experience I need with them
Let's measure block versions masked with
0x20000018[1] to track activation client adoption:0x08): LNHANCE (0 blocks thus far, can't be activated this epoch)0x10): BIP-110 (0 blocks thus far, can't be activated this epoch)May all the wet dreams of aspiring dictators that run
< 1916as softfork threshold be shattered... or mine. Time will tell.Technically needs a filter of
0xe0000000 == 0x20000000to filter out invalid versions but since those have the same effect as no version bits, we're good with not separating them out. ↩Daily haiku 11
The tide in my mind
Rises, nightly, then falls back--
Starfish left behind
Trying to get my Alma mater to accept bitcoin donations!!!!
I told them I’m not giving them any donations until they accept bitcoin!
did you write a letter, or something?
Just via email
Daily stimulus should be 12.5k sats to match Bitcoin’s halving events! 🤠
https://imgprxy.stacker.news/jQ_y10em6E7geney8v1biBRht0w8wy_IKndEQGCVCqY/rs:fit:2560:1440/aHR0cHM6Ly9tLnN0YWNrZXIubmV3cy8xMjQ3MjU
Or 3,125 to match the current subsidy.
3.125 BTC? ahahah. That could work too, but 12.5k makes way more sense for two reasons. It went 100k, 50k, 25k, so now it’s gotta be 12.5k. Plus, Bitcoin never skips a halving! LMAO
@Sox,
Will muting territories be an option again soon?
Yesterday @k00b fixed the post bug related to muted territories. So you can mute again and still be able to post!
% curl -v -L https://share.google/8hSs8QPq0lF8hsomi 2>&1 |grep -i "\(^> GET\)\|\(^> Host:\)\|\(^< HTTP\)\|\(^< location\)" > GET /8hSs8QPq0lF8hsomi HTTP/2 > Host: share.google < HTTP/2 302 < location: https://www.google.com/share.google?q=8hSs8QPq0lF8hsomi > GET /share.google?q=8hSs8QPq0lF8hsomi HTTP/2 > Host: www.google.com < HTTP/2 301 < location: https://www.earth.com/news/astronomers-detect-a-new-class-of-intermediate-black-holes/ > GET /news/astronomers-detect-a-new-class-of-intermediate-black-holes/ HTTP/2 > Host: www.earth.com < HTTP/2 301 < location: https://www.earth.com/news/evidence-found-suggesting-new-space-objects-called-intermediate-mass-black-holes/ > GET /news/evidence-found-suggesting-new-space-objects-called-intermediate-mass-black-holes/ HTTP/2 > Host: www.earth.comSo I guess I'll be doing:
curl --proxy socks5h://127.0.0.1:9050 \ -s -L -I -X GET \ https://share.google/8hSs8QPq0lF8hsomi \ | grep location: \ | tail -n 1 \ | sed 's/^location: //'To fix y'alls spooky links.
We unwind links that have HTTP redirects, but these do not
The second redirect (from
www.google.com/share.google?q=) only appears onGET, and not onHEAD.The drone arrives and helps me to my feet.
"the first contact was social
limited to the cloud
the second contact was something more
like sparkles of growing up
on slabs of social memory"
There's only this one memory I have of him_Angel Breath_all the others have been forgotten, smeared in the server, kind of like these *points to crusty abandoned memory pools stamped into alleyways on the south side. Stumbling away from the stink I am reminded of my long lost Father. GMSN. Limited data lead me here.
NOW OPENWelcome stacker and cowboys to this week edition of the
🤝 SN Sellers & Business Club series!
#1404971
proof of work
Gm everyone. Looking for work and learning more Rust today.
view on youtu.beUSA flags easy to catch in fire too.
So Meme Monday doesn’t have a territory? @k00b
#1404291
Thanks. Forgot to migrate that job
I didn’t know this was even possible
Could post it in ~Memes
https://stacker.news/~Memes/recent
I see know, I didn't check historical Meme Monday.
Looks like the ‘This Day on SN’ series doesn’t have a territory either. Might be a bug from the crossposting update.
44th Cowboy Plunda Drop in the @saloon
Howdy cowboy! Come on in!
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