This seems to be one of the sources of misunderstanding, from nocoiners (the honest ones).

"If you buy Bitcoin, you have nothing to show, except Bitcoin. And Bitcoin only use is being sold back for real money."

Mini thread 👇

https://twitter.com/jorgestolfi/status/1410132553810513921

Unlike when you buy a tomato which you can eat or transform or resell, you can't eat Bitcoin, nor make sauce with it. So, it seems you would *only* buy it to resell it.

But Bitcoin is not a tomato, nor is it gold, even. It is unique because it is its own category.

@nexus_sv Lo siento por la respuesta tardía. Intento simplificar una respuesta larga y complicada. Por supuesto que sé que no es fácil, por supuesto que no es simple. Por supuesto que entiendo su punto, no es la primera vez que este argumento se usa como ejemplo. (Hilo) 👇 @nexus_sv Entonces, lo primero es lo primero: 1 BTC = 1BTC. Como 1 US $ = 1 US $. El gráfico que me está mostrando es el tipo de cambio de BTC con US $, pero NO es el "precio" de BTC. La variación del tipo de cambio es diferente con EUR, CHF, GBP, etc.

Sunday scam debunking. A mini-thread.

Satoshi is not a God, he never claimed to be, and he made his project open source specifically for others to join and help him make it evolve. But for the simple minds like Charles who need idols to worship, here are a few of his quotes. 1, 2, & 6 are addressed here:
bitcointalk.org/index.php?topi…

So, I unfortunately had to stop using @Relai_ch. Fact is, I can't trust them anymore. Here is why.

Note: this is NOT about Relai specifically, I am simply using their example as an illustration of why focus matters in Bitcoin business.

Thread 👇 1/ Background: When Relai were teasing their new service still in beta, they made a little promo video using the hashtag #crypto and the phrase "crypto investing", while still presenting themselves as bitcoiners, promoting dollar cost averaging (DCA) to an audience of bitcoiners.

People lie to you constantly. Governments, media, intentionally or not. Disinformation and misdirection come from all sides and are weaponised to play you. They mislead into building your own punishment. History eventually clarifies, but too late. Iran–Contra affair

During the Reagan Administration, Senior administration officials secretly facilitated the sale of arms to the Khomeini government of Iran, under arms embargo, to use the proceeds of the arms sale to fund the Contras in Nicaragua.

en.m.wikipedia.org/wiki/Iran–Cont…

@iA Ok, first, please assume only the best intentions from my part towards you. Even if the topic may be touchy, and the tone might sound sarcastic, and Twitter is often used to troll our ridicule. There is zero percent of this in my previous or following tweets.

This being said, @iA You mentioned several points at once, so I tried to be concise and address all at once. My bad.

a) monetary value
b) energy consumption
c) energy waste
d) disappearance of fiat

Although they are indeed very much connected, they need to be untangled first.