Bitcoin's Role in the Future Economy

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ben_54tNewbie
Posts: 49 · Reputation: 8
#1Jun 30, 2023, 02:44 AM
Digitalization is happening everywhere now. Countries are going digital and many are looking at crypto, especially Bitcoin, as a key asset.
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0xHodlerMember
Posts: 285 · Reputation: 42
#2Jun 30, 2023, 06:10 AM
Not sure I’d call Bitcoin a strategic asset yet. Its volatility and all that makes it a risky play, but it does attract investors who wanna hold onto it for the long run.
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chr1swhal3Full Member
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#3Jun 30, 2023, 07:44 AM
Satoshi's coins? They're not lost. No proof that the keys are gone. He just hasn’t moved them probably to avoid market disruption.
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CalmS4tFull Member
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#4Jun 30, 2023, 11:33 AM
Checked one of Satoshi's wallets and it's still getting deposits. What's up with that? Donations or something else? Curious minds wanna know.
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jake.altSenior Member
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#5Jun 30, 2023, 01:35 PM
Many countries see potential profits in holding Bitcoin as a reserve. We don’t know exactly how much they own, though it’s rumored UAE is stacking up.
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mike_gweiFull Member
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#6Jun 30, 2023, 07:55 PM
But how does Bitcoin help everyday people? If it keeps rising, won't holders just hoard it instead of spending? It’s supposed to be a currency, not just an investment.
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0xHashMember
Posts: 431 · Reputation: 210
#7Jul 3, 2023, 01:12 AM
I totally disagree on the corporate Bitcoin holdings. They could dump at any moment. We need wide adoption, not just strong hands.
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SilentOrbitSenior Member
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#8Jul 3, 2023, 06:21 AM
Comparing banks and trusts holding BTC? Not that impressive. If prices fall, they could easily cash out. Not a true reserve asset like gold.
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pr0to88Member
Posts: 1222 · Reputation: 235
#9Jul 3, 2023, 09:01 AM
Yeah, I messed up by treating BTC as just a payment system. If I’d just held, I’d be set for life instead of just holding a chunk.
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bull2020Full Member
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#10Jul 3, 2023, 09:13 AM
You’re right, lots of folks underestimated Bitcoin back then. It’s early days still, but patience is key. Great things ahead!
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#11Jul 3, 2023, 01:34 PM
Laszlo Hanyecz and his famous pizza buy is legendary. Can’t believe he traded 10k BTC for two pizzas back then. What a wild time!
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tony07Senior Member
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#12Jul 3, 2023, 05:26 PM
Let’s not jump on Laszlo for that. At the time, Bitcoin wasn’t valued much. It’s easy to judge in hindsight.
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hodlgangMember
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#13Jul 6, 2023, 03:49 AM
Early Bitcoin failures are understandable. Back then, people didn’t grasp the potential. Now Bitcoin’s recognized as a hedge against inflation.
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HumbleFarmSenior Member
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#14Jul 7, 2023, 01:22 AM
US doesn’t have a strategic reserve. Just an order from the president to sell if needed, unlike MicroStrategy who might liquidate when they need to.
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tony07Senior Member
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#15Jul 7, 2023, 06:06 AM
I feel like you’re missing the point here. You need to get what Bitcoin is really about and how it's perceived now. Not just a fad.
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boss777Senior Member
Posts: 200 · Reputation: 900
#16Jul 7, 2023, 05:19 PM
US has seized a lot of Bitcoin but plans to hold it. They claim selling will be a last resort. Different from companies that might cash out.
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tom.pixelHero Member
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#17Jul 7, 2023, 08:40 PM
You’re really overestimating Satoshi. He could’ve lost his keys too; he’s just human. The whole narrative around his Bitcoin is complicated.
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#18Jul 7, 2023, 11:32 PM
Honestly, no offense, but it sounds like you’re not grasping what Laszlo did. He showed Bitcoin could actually be used for purchases.
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boss777Senior Member
Posts: 200 · Reputation: 900
#19Jul 7, 2023, 11:43 PM
I’ve read Laszlo doesn’t regret it. It was a big moment for Bitcoin’s credibility. Probably not a stupid move.
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#20Jul 8, 2023, 12:04 AM
True, he says he doesn’t regret it, but who knows? The impact he made is what’s important. We need to appreciate the early adopters.
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