Reasons why I hold BTC.
https://pixabay.com/photos/bitcoin-cryptocurrency-digital-2007769/
Reasons why I hold BTC.
- I don't have to pimp my information to VISA and God knows who else everytime I buy a sandwich.
- It takes 10 minutes to send 10,000 BTC. And 10,000 minutes to send $10 (weekends included).
- I can actually own a ton of bitcoin. I can't actually own a ton of gold.
- Bitcoin transactions are transparent. Bank transactions are transpar...nah, I’m just playin’.
- Bitcoin is operated by consensus. Fiat is operated by conglomerates.
- In the famous words of Andreas Antonopoulos (paraphrased): "Your keys, your money; not your keys, not your money."
- 21 million bitcoin, that’s it! 2.1 trillion dollars; 3.1 trillion; 4.1 trillion...aye, who’s counting?
- I send BITCOIN (data) from Me to You. I send FIAT (data) from Me, to Processor, to VISA, to Bank, to SWIFT, to Bank, to VISA, to Processor, to You.
- Bitcoin uses Proof of Work. Governments use proof of inflation.
- Bitcoin is Trustless. Fiat is Less Trusted.
- Bitcoin builds value. Fiat builds devaluation.
- Bitcoin uses a blockchain. Government uses Fractional Reserve Banking.
- Every bitcoin is accounted for. Every dollar is not (velocity of collateral).
Stay frosty people. Thanks for reading.
20% allocated to ph-fund.
This is one of the most important reasons to have btc, build a lot of trust and I see a lot of future and security for him.
Yeah, the "trust" being replaced with cryptographic proof is such a powerful aspect of BTC. And the simplicity of exchange from me to you is so appealing.
I absolutely agree with you, luckily for many Bitcoin is established and only will move forward even getting more value than Gold int he future. Like you say you can do everything with Bitcoin and you are the manager of your account, once you have Internet. I hope you have some Bitcoin too. We have only probably a quarter or even less, have never thought that this is possible to possess a part of something that is still cost you a fortune :)
I know right. It costs a fortune! And its about to get more expensive, which I'm not completely sad about. 😁
Hi @fijimermaid just wanted to share there is a new post about Tron integration into Steemit, although they created another wallet but you can log in even with posting key to create Tron account and ear Tron with posting on Steemit:
https://steemit.com/hive-192037/@spidemen/6egtp5-trx-integration-new-update
I've been meaning to look into Tron. I'm actually happy you sent this @stef1. I'm going to check this out. Thanks.
@fijimermaid thanks for sharing, I've loved BTC since inception, although I bought my first bitcoin late, wish I bought more earlier.
Me as well. I can never have enough, hehe.
It is a great era to see this decentralized money to take the world by storm.
It surely is!
Dear @fijimermaid
Some serious points here. I myself do not store much in BTC since I believe, that "money makes money" -> but only if those money are "in action". I'm not even sure if i'm making sense :)
how can you actually own a ton of bitcoin? I'm not clear what you were trying to say.
Yours, Piotr
Sorry about the "ton" analogy. I meant it as many governments forbid individuals from holding gold in large quantities (metric tons worth billions of dollars), but you can hold billions of dollars in BTC. And you’re right, it doesn't make sense in a tangible way. Bitcoin doesn’t have mass, like gold does, except maybe at subatomic scales :)