Learn more about crypto with this collection
Understanding the basics of cryptocurrency
How to store cryptocurrency securely
Risks and benefits of investing in cryptocurrency
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 confiscated.
If you need to log in to an account to view your Bitcoin, it probably means that someone else is holding your private keys for you.
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MORE IDEAS ON THIS
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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In Bitcoin, you have public addresses and private keys:
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Gold is not a perfect store of value:
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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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Bitcoin solves all of Gold problems.
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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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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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CURATED FROM
Life-long learner. Passionate about leadership, entrepreneurship, philosophy, Buddhism & SF. Founder @deepstash.
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