Hiker

@Bitcoin_Outlaw @theswansjr Are you saying that Bitcoin is immune to inflation?

@OSUFanBigTime @theswansjr what inflation? the Federal Reserve, gov deficits, and fractional reserve bank lending have zero influence over the protocol's terminal supply or its stock-to-flow

This chart is why conviction matters. 70 years of price stability under gold. Then fiat and the slow bleed upward. Most assets lose to this. Bitcoin doesn’t. HODL the scarce money.

@Bitcoin_Outlaw @theswansjr My grandmother’s decision to put all her money in savings accounts is what caused her to be broke. Investors buying equities over a long period of time are doing fine

@OSUFanBigTime @theswansjr you askin the wrong question ya grandma wants to know why the system is fucking her over through the Federal Reserve, government deficits, and fractional reserve bank lending read the book

@Bitcoin_Outlaw @theswansjr Even when the last coin had been mined. Bitcoin will not be immune to inflation

@OSUFanBigTime @theswansjr Easy The supply ain’t at the whim of the Federal Reserve, government deficits or fractional reserve bank lending

@Bitcoin_Outlaw @theswansjr You haven’t answered my question.

@OSUFanBigTime @theswansjr Read the book.

@The_Bitcoin_Act @TheBTCKnight How fire Bitcoin give you freedom

@OSUFanBigTime @TheBTCKnight What do you mean?

Buy BTC or buy a house. Technically owning BTC would be more profitable. But we all need a place to live specifically if you are married and/or have kids. And ownership is better than renting imo. I personally would never own more than one house. Real estate is a headache. After the first house put everything into bitcoin.

@The_Bitcoin_Act @TheBTCKnight How?

@TheBTCKnight One house for shelter. Everything else in sats. Homes give you a roof. Bitcoin gives you freedom.

@theswansjr His foes bitcoin change all of this?

Money was always a promise, and a promise is only as good as the person who can break it. And they always break it. Not because they're evil. Because they can. Corruptible money isn't a bug of the old system. It's the entire business model. It's how empires fund wars. It's how they buy votes they haven't earned. It's how they silently tax every saver and wage earner. Then came the Genesis Block.

@CaffeSatoshi Bitcoin is an interesting investment if done in a responsible manner. Your economics on electrical costs of mining is spot on. This will cause the price of bitcoin to go up which is inflationary. You and I are of the few who realize that Bitcoin is not immune to inflation

@OSUFanBigTime Ok. Good for you. Now go away. You missed the point completely.

📣 Hear me out: Electricity prices going up all around the world (due to an energy shock brought by Iran war), will mean that Bitcoin miners incur more expenses to mine 1 Bitcoin. Thus, the Bitcoin price will have to go up as it never went below the average Mining price

@CaffeSatoshi The rising price of bitcoin due to electrical costs is inflation. It’s no different than the rising costs to transport goods due to the rising costs of gasoline. It’s all inflationary

@OSUFanBigTime I said what I said. Did not mention inflation.

@CaffeSatoshi Are you talking about the Bitcoin price or the mining price? If the price of mining goes up then the Bitcoin price will go up. Don’t tell anyone of this dilemma as Bitcoin is supposed to be immune to inflation

@OSUFanBigTime What's your point?!!!!

@CaffeSatoshi You said, “the Bitcoin price will have to go up”

@OSUFanBigTime I am talking about mining price!!!!!

@TheBTCKnight How?

Satoshi did more than just create bitcoin. He created an instruction manual to escape the matrix. A way to create your own future without the control of fraudulent banks. He created something that can’t be printed. We can now escape the lying greedy that only care about themselves. He saved the whole financial system. He saved us.

@Vikingobitcoin9 Yes he is.

@OSUFanBigTime Your employee is an idiot.

Inflation numbers 3.5% but nobody talks about the 30% inflation from 2020 alone….. Bitcoin

@Vikingobitcoin9 It’s no different in buying into a mutual fund. I had an employee use his bit coin as collateral and lost everything

@OSUFanBigTime The majority was bought between 1-4k. After that I had no choice but to DCA.

@Vikingobitcoin9 Hopefully you did so thru dollar cost averaging.

@OSUFanBigTime I know what I am invested in. The majority of my net worth has been in Bitcoin almost a decade.

@Vikingobitcoin9 I’ve done very well investing in Bitcoin by dollar cost averaging and taking advantage of people who have no idea what they are investing in

@OSUFanBigTime DYOR I am done with the Q&A.

@Vikingobitcoin9 How will it be the best?

@OSUFanBigTime No. I believe the usd will be here for a very long time. Others think it will fall soon but I don’t. Bitcoin will just be the best of all the currencies as it always has been.

@Vikingobitcoin9 I ask those who are pro bitcoin the same question and no one has an answer. When the 21 millionth coin is mined. Will the dollar, the euro, the pound and other currencies cease to exist?

@OSUFanBigTime Not gonna research for you. GL

@Vikingobitcoin9 How is a fixed supply of bitcoin going to make bitcoin immune to inflation?

@OSUFanBigTime It has a fixed supply.