pull down to refresh

10 sats \ 11 replies \ @DarthCoin 5 Mar \ parent \ on: Bitcoiner buys 1000 BTC gold Casascius in 2012 knowing it's a great investment bitcoin
, then they are a multimillionaire
No, they have just 1000BTC. You can say billionaire in sats maybe.
write
preview
2 sats \ 10 replies \ @nullama OP 5 Mar
They have the purchasing power of a fiat multimillionaire
reply
0 sats \ 9 replies \ @DarthCoin 5 Mar
fiat doesn't have value. Products and services have value.
reply
1026 sats \ 8 replies \ @nullama OP 5 Mar
You can exchange fiat for products and services. That is value.
If that's not valuable then Bitcoin also doesn't have value.
reply
0 sats \ 7 replies \ @DarthCoin 5 Mar
You described money, not value. I think you cannot make the difference. That shows fiat mindset.
reply
1120 sats \ 1 reply \ @Fabs 5 Mar
Do you ever stop forcing your hardliner-crap down people's throats?
reply
0 sats \ 0 replies \ @DarthCoin 5 Mar
NO
reply
120 sats \ 1 reply \ @nullama OP 5 Mar
Bitcoin in 2009 had no purchasing power for example.
reply
0 sats \ 0 replies \ @DarthCoin 5 Mar
Please go back and read what is money. Or watch here a video explanatory for your level of understanding (reddit shill). https://www.youtube.com/watch?v=U_SVexaSMwk
reply
0 sats \ 2 replies \ @badabing 5 Mar
"Measuring the Bitcoin price in $ is not a "fiat mindset" it is a measurement and convenient communication for purchasing power that most people understand." John Carvalho on Twitter.
reply
0 sats \ 1 reply \ @DarthCoin 5 Mar
Is Carvalho some kind of new "Mises"?
reply
0 sats \ 0 replies \ @badabing 5 Mar
Is that your opinion?
My opinion is he is right and you are wrong. That's all.
reply