I don't blame the person for this one because they were younger and didn't have a ton of experience with money, but it was really weird.
"But how is Bitcoin valuable if each of the sats is so small?"
1331 sats \ 5 replies \ @siggy47 21 Nov 2023
"What is bitcoin made out of?"
reply
438 sats \ 1 reply \ @Bullen 21 Nov 2023
If you think about it, it's actually not a stupid question if you know next to nothing about something called bit coin.
And I don't think "information" is an easy to digest answer haha.
reply
0 sats \ 0 replies \ @siggy47 21 Nov 2023
Agreed.
reply
438 sats \ 2 replies \ @Bitman 21 Nov 2023
Master Po again?
reply
42 sats \ 1 reply \ @siggy47 21 Nov 2023
You have learned well, grasshopper.
reply
438 sats \ 0 replies \ @Bitman 21 Nov 2023
Po knew that the 'One Hand Clapping' nudge to enlightenment is so passé these days...
reply
744 sats \ 4 replies \ @NewsnNudes 21 Nov 2023
How much Bitcoin do you have
reply
1 sat \ 2 replies \ @Zepasta 21 Nov 2023
Yeah, this is usually the go-to question every no-coiner asks me. And if you tell them a number, they proceed to shame you OR tell you you should sell it asap back to fiat.
reply
21 sats \ 0 replies \ @Bullen 21 Nov 2023
I've never disclosed the size of my stack, however one close friend pressured me and I said that "oh it's only some $10k or so" - little does he know I am as all in I can be.
reply
0 sats \ 0 replies \ @NoStranger 22 Nov 2023
"Sell them now or you'll lose everything!" How many times I've heard it...
reply
0 sats \ 0 replies \ @satoshiplanet 21 Nov 2023
True
reply
805 sats \ 3 replies \ @carlosfandango 21 Nov 2023
deleted by author
reply
370 sats \ 2 replies \ @scottathan OP 21 Nov 2023
That's such a common one. Does start those good conversations like you said though. It just always seems so hard to get people to understand.
reply
45 sats \ 0 replies \ @dkeye 21 Nov 2023
It's backwards from how it's always been, and that makes it a great starting point.
reply
0 sats \ 0 replies \ @carlosfandango 21 Nov 2023
deleted by author
reply
21 sats \ 0 replies \ @megaptera 21 Nov 2023
Why will Bitcoin not implode if the fiat system implodes?
reply
10 sats \ 0 replies \ @lightwalker 22 Nov 2023
How much Bitcoins do you want to buy, to be satisfied?
reply
10 sats \ 0 replies \ @duvel 22 Nov 2023
- "I think Bitcoin was created by government and/or 3 letter agencies. What do you think?"
- "I think Bitcoin is already hacked and they keep it on the downlow. What do you think?"
- "I think Bitcoin is already hijacked by the richest. What do you think?"
- I think Bitcoin is pure speculation and that it's fraud. What do you think?"
I am very interested in the perspective of the SN community on these questions. What do you think?
reply
0 sats \ 0 replies \ @030e0dca83 22 Nov 2023
"I totally understand it's pyramid, so please tell me who pays you to promote it?"
reply
0 sats \ 0 replies \ @justBrian 22 Nov 2023
My wife asked if im in a cult 😅
reply
0 sats \ 0 replies \ @BitcoinIsTheFuture 22 Nov 2023
Well the government will just ban it won’t they?
reply
0 sats \ 1 reply \ @erict875 21 Nov 2023
"If bitcoin is better money, why is it that people don't use it on a daily basis? Why can't I buy a house with bitcoin?" 🙃🙄
"Surely a modern economy cannot run on a bitcoin standard, there's just not enough of them?!"
reply
0 sats \ 0 replies \ @duvel 22 Nov 2023
The last one is very Keynesian. They think the money supply must always increase and that a fixed supply is impossible, because then deflation of Dooooom will bring us down.
reply
0 sats \ 0 replies \ @quark 21 Nov 2023
"but this bitcoin thing must be for the rich right? I don't even have enough to buy one coin."
reply
0 sats \ 0 replies \ @Bitcoinisawesome 21 Nov 2023
“Would it be best if you pegged bitcoin to gold? Maybe then it would have intrinsic value.”
Big UGH here
reply
0 sats \ 0 replies \ @Bullen 21 Nov 2023
You guys get questions? I only get statements I feel a strong urge to combot.
reply
0 sats \ 0 replies \ @Zepasta 21 Nov 2023
deleted by author
reply
0 sats \ 1 reply \ @nym 21 Nov 2023
I gave a friend a public and private key with Bitcoin on it in 2011 as a gift, but he was paranoid his name was on it even though I explained that it wasn't. It is still sitting in the same address 12 years later. I should have kept a copy of it I guess.
reply
6 sats \ 0 replies \ @Zepasta 21 Nov 2023
Thank you for your donation / lost coins.
The value of our bitcoin has increased.
reply
0 sats \ 1 reply \ @0xbitcoiner 21 Nov 2023
What guarantees you that more than 21 million are not produced
reply
0 sats \ 0 replies \ @duvel 22 Nov 2023
I find that a good question. Someone who actually digs a little deeper to verify the maximum amount of Bitcoin to be able to create.
reply
0 sats \ 0 replies \ @StackerLlama 22 Nov 2023 freebie
So many, hard to pick the strangest, but here is a candidate:
"How do you know that you will get your bitcoins out again?"
(As if the part before "again" wasn't enough)
0 sats \ 0 replies \ @02df4abd70 22 Nov 2023 freebie
Bitcoin's value lies in its divisibility; while a single Bitcoin seems large, it's divisible into 100 million satoshis. Each satoshi holds value within the network's scarcity, utility, and decentralized nature. The sum of these minute units creates Bitcoin's worth, akin to a dollar comprising smaller cents. Despite their size, sats collectively underpin Bitcoin's functionality, facilitating microtransactions and enabling accessibility. Understanding this scalability underscores Bitcoin's viability and utility, regardless of the nominal value of individual satoshis.
0 sats \ 0 replies \ @rafaelasprilla334 21 Nov 2023 freebie
How do you eat that? Lol