The dollar is the opposite of stable. It only goes down in purchasing power.

As you said it’s not actually backed by anything real either. Just “faith” in a crumbling empire.

What does "financialize their bitcoin holdings" mean? Do you mean they use leverage (i.e. debt) to buy bitcoin than they could otherwise? That's nothing new and is a common ETF strategy (see BITX). And yeah, it also means the bad times hit much harder.

Yes. That bitcoin dogshit fell and rose with the covid fall and rise of stocks. You think bitcoin is some profound new form of currency, but it's really just another avenue for wall street to steal from main street.

My Enron stock disagrees.

Your attack missed!

You can pull the Enron card when talking about investments in general; your comments do 0 damage.

Crypto is not used to bypass regulations.

From the very beginning it was sold as a way to work outside the existing banking system and all it did was recreate the earlier days of banking with little-to-no regulation.

It is easier to regulate crypto because of the public multiple ledger system that is the Blockchain, allowing you to trace tokens all the way back to their conception.

The key to regulation is enforcement. While some regulation was put on the books, the government has been very lax with enforcement. Obvious pump and dump schemes, which would be illegal with securities, are left completely alone with crypto. Ridiculous amounts of leverage has been used to pump up the value of bitcoin, including fraudulent printing (see Tether). Also, while the bitcoin ledger is public, you can shuffle and obscure entry and exit points enough to make it anonymous.

The purpose of Crypto is that it removes the need for a bank for transactions and holding of nonphysical currency. Adoption rate proportional to total population is what gives them stability and makes them less susceptible to scams or pump and dumps.

It removes the bank and introduces mining consensus. In the case of bitcoin, this consensus is slow and costly so people have built more centralized networks on top of it. Those are your new banks right there. Plus there is the issue of mining pools becoming too large and thus having more say in the consensus. Now talk about Proof of Stake and you'll find it's just a system where the more you hold, the more power you have (i.e. like the rich who hold more money).

The point did fly over your head, you're right about that. Pointing at the current value of your scam investment as proof of it not being a scam does not make it legitimate.

They issue "convertible notes", which this coindesk article explains far better than I could because I am not a finance head and honestly do not fully understand them.

holding BTC long term isn't that risky

and the 'full faith and credit of a nation' uhhhh the nation in question is the US. not a bad idea to consider other things to put money into

yeah honestly though a man with 200 billion is vastly more wealthy than someone with 100 million

A chipped bank card aka what the rest of us use with modern standards like 2FA etc

Who was the 1%?

yeah people don't understand DOGE might be the best investment known to mankind

::: spoiler spoiler
because some people on this thread cant take a joke, \s
:::

Well in the EU you get instant free payments through SEPA and the US is trying to implement something similar with FedNow. Doesn't solve the cross border issues, but Wise does once you can get the money on Wise. I get paid in dollars via ACH and they become euros real fast once I see them in my account. 1000 dollars converted is just under 3 dollars in fees and then the transfer from Wise to any other SEPA account is free and instant.

Now crypto could very well make this all even smoother worldwide but unfortunately we have governments and they like to see what's going on. So no reputable merchants will ever be able to take XMR payments in most countries.

Jesus Christ you people are so annoying.

It's like arguing with a narcissist. I don't even know why I try. ️

What argument? You pointed to the price of bitcoin going up and I pointed out that scams go up in value. Then you think it doesn't apply to bitcoin because...? Oh, that's right, you didn't make any argument other than "number went up".

It's difficult to comprehend just how much more wealthy a billionaire is. If you spent $10 every ten minutes, it would take you about 70 days to go through $1 million. To reach a billion would take 190 years.

uhhhh the nation in question is the US. not a bad idea to consider other things to put money into

I don't disagree that the US has been quite destabilized as a financial player on the world stage, but the US still has an insane amount of influence over global trade, and holds a ton of power within its own economy.

To argue that Bitcoin is more strongly backed than the entire long-standing, heavily globally financially integrated nation is silly, especially considering, comparatively, how relatively few manufacturers of ASIC miners there are for Bitcoin that could theoretically heavily influence the distribution of hashrate over time if compelled, or how most transactions in crypto still require a financial middleman to offload into currencies like USD because businesses simply can't operate well when transacting with BTC in most circumstances if that also requires holding onto the BTC afterwards.

holding BTC long term isn’t that risky

And the original post was comparing short term treasuries to Bitcoin, not long term ones.

And even then, Bitcoin's long-term outlook is bleak considering the % of block rewards paid from fees hasn't substantially increased to make up for the halvings, which if the trend continues, will result in the cost per block cratering over time, leading to heavily slashed overall hashrate protecting the network.

Yep, that's leverage. They sold notes which can be converted to shares of microstrategy. So while they don't have to issue more shares right now (which would dilute shareholders and lower the value of individual shares), they will have to in the future given the conditions on the convertible notes. If they have to convert those notes into shares while the price of bitcoin is dropping, it's a double whammy because the value of their holdings (which their value is entirely based on) drops AND they're diluting individual shares by having to issue more shares. This wards off investors which will tank the price even more.

The difference between a million and a billion is approximately a billion