Bitcoin is better money - Deepstash
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Bitcoin is better money

Bitcoin is better money

Bitcoin solves all of Gold problems.

  • I can hold my Bitcoin in self-custody, and no one can take it from me. I’m not dependent on a bank or other third party.
  • The Federal Reserve cannot devalue my savings that are held in Bitcoin. If the Fed prints more money, the price of my Bitcoin in US dollars will go up to compensate for this new money printing.
  • It’s also easy to send anyone some Bitcoin. No one can stop me from sending it or stop you from receiving it, even if they don’t like our political views.

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MORE IDEAS ON THIS

“Not your keys, not your coins.”

If you do not hold your own private keys, the Bitcoin is not really yours. If someone else holds your private keys (like PayPal, Robinhood, or any cryptocurrency exchange), you do not control your own Bitcoin. The Bitcoin does not truly belong to you. It can be lost, hacked, seized, or otherwise ...

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957 reads

Store of Value

Store of Value

A store of value is a way of transmitting wealth across space and across time. it is useful when you want to preserve the surplus value for future spending.

Gold 🪙 has historically been the defacto preserver of value. From the 70e however our money are no longer linked to ...

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Private and public keys

Private and public keys

In Bitcoin, you have public addresses and private keys:

  • The public address is like an email address, where you can receive Bitcoin. It is safe to give someone your Bitcoin public address, if you would like them to send you some Bitcoin. A Bitcoin public address will lo...

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The problem with GOLD

Gold is not a perfect store of value:

  • It is difficult to transport. During wars many people lost theyir gold savings.
  • It's difficult to store. Special facilities are needed but even then history is filled with examples of government confiscati...

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Bitcoin's low no of transactions/second

Bitcoin's low number of transactions may make it less suitable for daily transaction. It does not matter. “Bitcoin as store of value” Is what matters.

Like gold coins, Bitcoin is simply too valuable to be used in daily transactions. There is no reason that we will ever ne...

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959 reads

Information about the future is reflected in the current price

One of the hallmarks of the “efficient market hypothesis” (EMH) is that current information and future information that is known today will get priced into an asset.

If everyone knows that Apple will beat earnings this quarter, those expected earnings will get priced into Apple’s stock...

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Plan B - a method to predict bitcoin value

Plan B - a method to predict bitcoin value

Is a paper famous for coming up with a valuation got Bitcoin. It borrows the concept of “stock-to-flow” from precious metals analysts. “Stock-to-flow” (henceforth “S2F”) as a way of measuring the relative scarcity of a commodity. With the analogy the price of bitcoin is predicted to hit:

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    Top 10 commandments of Bitcoin

    1. Value your wealth in Bitcoin
    2. Dollar cost average into Bitcoin
    3. Never sell your Bitcoin
    4. Never trade in and out of Bitcoin
    5. Ignore the price of Bitcoin
    6. Not your keys, not your coins
    7. Never share your recovery seed
    8. Don’t advertise your Bitcoi...

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    vladimir

    Life-long learner. Passionate about leadership, entrepreneurship, philosophy, Buddhism & SF. Founder @deepstash.

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