a myth is a model for understanding something; Roger9000 (chocolatier-musician-artist) in the documentary below by Avi Burra describes Bitcoin as a method of self-discovery; money is inextricably tied to the mind - money IS the mono-eye;
what society comes to regard as "money" such as paper bills, satoshis on a ledger, works of art - these are all money substitutes; the fiat bills are an abhorrent money substitute; art & bitcoin are more just money substitutes; the mind is the actual money, limited only by the user's imagination; contemplate!
Biggest myth is that it's good for criminals. It's actually not a good choice for criminals
Biggest misunderstanding is that it has no intrinsic value and is too volatile. Cash also has no intrinsic value, and volatility is a matter of perspective. One could say that dollars are volatile relative to bitcoin
Yes Bitcoin is only used by criminals... Everyone including the governments are criminals, because they use Bitcoin. Iran is criminals, accepting Bitcoin. All other nations are criminals, paying with Bitcoin.
https://www.etymonline.com/word/myth
a myth is a model for understanding something; Roger9000 (chocolatier-musician-artist) in the documentary below by Avi Burra describes Bitcoin as a method of self-discovery; money is inextricably tied to the mind - money IS the mono-eye;
what society comes to regard as "money" such as paper bills, satoshis on a ledger, works of art - these are all money substitutes; the fiat bills are an abhorrent money substitute; art & bitcoin are more just money substitutes; the mind is the actual money, limited only by the user's imagination; contemplate!
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Biggest myth is that it's good for criminals. It's actually not a good choice for criminals
Biggest misunderstanding is that it has no intrinsic value and is too volatile. Cash also has no intrinsic value, and volatility is a matter of perspective. One could say that dollars are volatile relative to bitcoin
No one is going to announce Bitcoin as the world reserve currency.
It happens like this:
Sanctioned? Settle in BTC.
Critical chokepoint passage? (Strait Of Hormuz) Paid with BTC.
Stateless/blacklisted? Pay with Bitcoin.
Settlement layer first.
Then everything else.
One day, calling Bitcoin the world reserve currency will sound… redundant.
One could, but should one?
Bitcoin is just money.
Of course, it's more than just being money
Bitcoin is only for the rich&
Bitcoin is only for criminalsYes Bitcoin is only used by criminals... Everyone including the governments are criminals, because they use Bitcoin. Iran is criminals, accepting Bitcoin. All other nations are criminals, paying with Bitcoin.
that it's cryptographically trustless
That it’s bad for the environment
That it's won and is invulnerable.
I guess it calls for a reflection of the security measures to protect funds