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Wait till you come to know that it will be a regulated class of assest . Over Optimisms Examplyfy
r/bitcoin
Wait till you come to know that it will be a regulated class of assest . Over Optimisms Examplyfy
r/Bitcoin
2024-23-05
r/bitcoin
r/Bitcoin
2024-19-05
Just noticed on CMC that Bitcoin's supply is up to 19.7 million now. 1.3 million to go over the next \~115 years. That means there is only 6.6% monetary supply inflation left on the bitcoin network...then 0% monetary inflation FOREVER! Unlike any other asset on the planet.
r/bitcoin
Just noticed on CMC that Bitcoin's supply is up to 19.7 million now. 1.3 million to go over the next \~115 years. That means there is only 6.6% monetary supply inflation left on the bitcoin network...then 0% monetary inflation FOREVER! Unlike any other asset on the planet.
r/Bitcoin
2024-19-05
They mostly come out at night, mostly
r/bitcoin
They mostly come out at night, mostly
r/Bitcoin
2024-20-05
Should happen in Winter of 2026! Less than two years!
r/bitcoin
Should happen in Winter of 2026! Less than two years!
r/Bitcoin
2024-20-05
Can you imagine having the technology to crack an old account? I can sort of imagine some future version of shipwreck explorers plunging the depths of the ledger and unlocking some forgotten whale account worth more than the GDP of an advanced nation... and the ensuing legal battle of an original owner or heir arguing they are the rightful owner of said plunder.
r/bitcoin
Can you imagine having the technology to crack an old account? I can sort of imagine some future version of shipwreck explorers plunging the depths of the ledger and unlocking some forgotten whale account worth more than the GDP of an advanced nation... and the ensuing legal battle of an original owner or heir arguing they are the rightful owner of said plunder.
r/Bitcoin
2024-20-05
Oh can't wait until the quantum computer comes out and unlock those long lost BTCs.
r/bitcoin
Oh can't wait until the quantum computer comes out and unlock those long lost BTCs.
r/Bitcoin
2024-20-05
Sir, we don’t all live in El Salvador.
r/bitcoin
Sir, we don’t all live in El Salvador.
r/Bitcoin
2024-21-05
People have had over 15 years of opportunity to become a wholecoiner since the genesis block - it was as fair as it could ever get. Let's stop the victim mentality that exists in the fiat world.
r/bitcoin
People have had over 15 years of opportunity to become a wholecoiner since the genesis block - it was as fair as it could ever get. Let's stop the victim mentality that exists in the fiat world.
r/Bitcoin
2024-21-05
I'm still going to the garbage dump daily disguised as a worker.
r/bitcoin
I'm still going to the garbage dump daily disguised as a worker.
r/Bitcoin
2024-21-05
Never really thought about this. This is a reasonable theory that is likely to hold true
r/bitcoin
Never really thought about this. This is a reasonable theory that is likely to hold true
r/Bitcoin
2024-21-05
10% of the market cap of the Nasdaq and NYSE moving from stocks to Bitcoin is not conservative lmao
r/bitcoin
10% of the market cap of the Nasdaq and NYSE moving from stocks to Bitcoin is not conservative lmao
r/Bitcoin
2024-21-05
Not many because not everybody has 100,000 laying around to throw
r/bitcoin
Not many because not everybody has 100,000 laying around to throw
r/Bitcoin
2024-21-05
On a Bitcoin standard, as long as you provide a valuable good or service to society, you'll gain more Bitcoin that will be worth more over time. Your analogy to a world on the fiat standard is incorrect. Read up on the Cantillion effect - which is basically what your original comment refers to. Of course, people will keep having to work harder for less money because the money we work hard for gets devalued over time. Bitcoin fixes this, and it doesn't just benefit the early adopters.
r/bitcoin
On a Bitcoin standard, as long as you provide a valuable good or service to society, you'll gain more Bitcoin that will be worth more over time. Your analogy to a world on the fiat standard is incorrect. Read up on the Cantillion effect - which is basically what your original comment refers to. Of course, people will keep having to work harder for less money because the money we work hard for gets devalued over time. Bitcoin fixes this, and it doesn't just benefit the early adopters.
r/Bitcoin
2024-21-05
There's no use case of BTC. Why to hold. Just a speculation to hide black money.
r/bitcoin
There's no use case of BTC. Why to hold. Just a speculation to hide black money.
r/Bitcoin
2024-21-05
How about it’s all moot because nobody seems to realize that even a 1 trillion dollar shift into bitcoin would cause the price to rip into the millions , especially on a short time horizon. Market cap is NOT = to dollars invested. What the hell is everyone talking about ? In Bitcoin’s case , it’s Market cap will always be an order or two of magnitude greater that the actual $$ amount put directly into the asset class .
r/bitcoin
How about it’s all moot because nobody seems to realize that even a 1 trillion dollar shift into bitcoin would cause the price to rip into the millions , especially on a short time horizon. Market cap is NOT = to dollars invested. What the hell is everyone talking about ? In Bitcoin’s case , it’s Market cap will always be an order or two of magnitude greater that the actual $$ amount put directly into the asset class .
r/Bitcoin
2024-23-05
Blackrock CEO Larry Fink says Bitcoin is "no different than what gold represented for thousands of years. It is an asset class that protects you." I would argue that risk hedges will be at least 10% of the equity asset classes.
r/bitcoin
Blackrock CEO Larry Fink says Bitcoin is "no different than what gold represented for thousands of years. It is an asset class that protects you." I would argue that risk hedges will be at least 10% of the equity asset classes.
r/Bitcoin
2024-23-05
You don’t need 100k lol
r/bitcoin
You don’t need 100k lol
r/Bitcoin
2024-30-06
> wish I bought bitcoin at 100K I guarantee you nobody would be saying that at all if they only had $10 to spend
r/bitcoin
> wish I bought bitcoin at 100K I guarantee you nobody would be saying that at all if they only had $10 to spend
r/Bitcoin
2024-30-06
Once upon a time, in a bustling city named “Debtville”, the citizens were hardworking and diligent. The city was powered by a peculiar energy source - the stress of its citizens. The more they worked, the more stress they accumulated, and the more energy was produced. This was akin to the debt-based system, where people were constantly under the pressure of repaying their debts, and their productivity was driven by this stress. In Debtville, the governing body, “The Bank”, had convinced everyone that this was the only way to power the city. The citizens, burdened with debt, worked tirelessly, their stress levels soaring high, powering the city but leaving them exhausted and unhappy. One day, a stranger named Satoshi arrived in Debtville. He came from a distant city named “Bitcoinia”, where the energy was derived not from stress, but from laughter - a symbol of joy and prosperity. In Bitcoinia, every citizen was given a hard asset, a “Bitcoin”, which appreciated over time. The more the value of Bitcoin increased, the happier the citizens became, and their laughter powered the city. This was a deflationary system, where the value of assets increased over time, leading to more productivity. Satoshi shared his city’s secret with the citizens of Debtville. He explained how the Bitcoin system could create a happier and more productive society. The citizens, initially skeptical, slowly started to see the benefits of this new system. They realized that they could be more productive without the constant stress of debt. The transition wasn’t easy, but with time, Debtville transformed. The city, once powered by stress, was now powered by the joy and prosperity of its citizens. The citizens, once burdened by debt, were now thriving with their appreciating assets. And so, Debtville became a city where laughter echoed in every corner, a city powered by the happiness and prosperity of its citizens, a testament to the power of a hard asset-based system over a debt-based system. And they all lived happily, and productively, ever after.
r/bitcoin
Once upon a time, in a bustling city named “Debtville”, the citizens were hardworking and diligent. The city was powered by a peculiar energy source - the stress of its citizens. The more they worked, the more stress they accumulated, and the more energy was produced. This was akin to the debt-based system, where people were constantly under the pressure of repaying their debts, and their productivity was driven by this stress. In Debtville, the governing body, “The Bank”, had convinced everyone that this was the only way to power the city. The citizens, burdened with debt, worked tirelessly, their stress levels soaring high, powering the city but leaving them exhausted and unhappy. One day, a stranger named Satoshi arrived in Debtville. He came from a distant city named “Bitcoinia”, where the energy was derived not from stress, but from laughter - a symbol of joy and prosperity. In Bitcoinia, every citizen was given a hard asset, a “Bitcoin”, which appreciated over time. The more the value of Bitcoin increased, the happier the citizens became, and their laughter powered the city. This was a deflationary system, where the value of assets increased over time, leading to more productivity. Satoshi shared his city’s secret with the citizens of Debtville. He explained how the Bitcoin system could create a happier and more productive society. The citizens, initially skeptical, slowly started to see the benefits of this new system. They realized that they could be more productive without the constant stress of debt. The transition wasn’t easy, but with time, Debtville transformed. The city, once powered by stress, was now powered by the joy and prosperity of its citizens. The citizens, once burdened by debt, were now thriving with their appreciating assets. And so, Debtville became a city where laughter echoed in every corner, a city powered by the happiness and prosperity of its citizens, a testament to the power of a hard asset-based system over a debt-based system. And they all lived happily, and productively, ever after.
r/Bitcoin
2024-19-05
Okay, so first off, I’m very very very far from an expert in economics and crypto. But, surely that the very nature of bitcoin being deflationary, if you ever back a currency with bitcoin or people for whatever reason adopt it as a currency, there’s no incentive to buy things. As the value of your savings go up overtime, surely everyone will become frugal asf (which might not be a bad thing), but it could cause the economy to stop or not function as well? This is obviously a day 1 question and I’m sure someone’s come up with a solution or maybe that’s just because I’m thinking about the future based on the current economic model and a deflationary model works differently…but any info would be great!
r/bitcoin
Okay, so first off, I’m very very very far from an expert in economics and crypto. But, surely that the very nature of bitcoin being deflationary, if you ever back a currency with bitcoin or people for whatever reason adopt it as a currency, there’s no incentive to buy things. As the value of your savings go up overtime, surely everyone will become frugal asf (which might not be a bad thing), but it could cause the economy to stop or not function as well? This is obviously a day 1 question and I’m sure someone’s come up with a solution or maybe that’s just because I’m thinking about the future based on the current economic model and a deflationary model works differently…but any info would be great!
r/Bitcoin
2024-19-05
This is not exactly what happened during the pandemic, and that one was far worse than any change solid money can cause.
r/bitcoin
This is not exactly what happened during the pandemic, and that one was far worse than any change solid money can cause.
r/Bitcoin
2024-20-05
It didn’t happen during the pandemic because governments were pushing insane amount of money into the economy. With bitcoin as the official currency that would have not been possible.
r/bitcoin
It didn’t happen during the pandemic because governments were pushing insane amount of money into the economy. With bitcoin as the official currency that would have not been possible.
r/Bitcoin
2024-20-05
so, with bitcoin all the bullshit the governments tried with futile lockdowns would have been just too expensive to even try? Makes me love BTC even more.
r/bitcoin
so, with bitcoin all the bullshit the governments tried with futile lockdowns would have been just too expensive to even try? Makes me love BTC even more.
r/Bitcoin
2024-20-05
I managed to go from the Binance exchange to Blink wallet and from Blink to Muun and then to my On-chain address and here's the walk through: 1. Withdrawn 5000 sats from Binance to Blink: 100 sats in fees 2. Sent 4975 sats from Blink wallet to Muun wallet: 25 sats in fees 3. Sent 3800 sats to an on-chain address from Muun: 1171 sats in fees Total fees so far: 1296 sats I'm ok with how this turned out to be, the thing is I don't know if I tried sending a bigger amount say 500000 sats using this stream, would it still be worth it in terms of fees payed? What do you think? I.e: Direct on-chain withdrawal on Binance right now is 0.00012 BTC or 8.01$ while the average network tx fee is 8 sat/vB or 0.75$
r/bitcoin
I managed to go from the Binance exchange to Blink wallet and from Blink to Muun and then to my On-chain address and here's the walk through: 1. Withdrawn 5000 sats from Binance to Blink: 100 sats in fees 2. Sent 4975 sats from Blink wallet to Muun wallet: 25 sats in fees 3. Sent 3800 sats to an on-chain address from Muun: 1171 sats in fees Total fees so far: 1296 sats I'm ok with how this turned out to be, the thing is I don't know if I tried sending a bigger amount say 500000 sats using this stream, would it still be worth it in terms of fees payed? What do you think? I.e: Direct on-chain withdrawal on Binance right now is 0.00012 BTC or 8.01$ while the average network tx fee is 8 sat/vB or 0.75$
r/Bitcoin
2024-19-05
LN fees are indeed % based, as u/Crappyhodler said. You are wrong. LN fees DO NOT work the same way as on-chain fees work. There is no fee market on LN because data capacity is not the bottleneck as it is on-chain. Instead, on LN, payment capacity is the bottleneck, so fees are charged as a percentage of the payment being routed. It's just hops multiplied by what each hop (node) is charging. Each node can set a flat base fee plus a percentage fee, kinda the way credit cards charge \~30 cents base fee per transaction plus like 2.9% of the transaction or whatever, though obviously LN fees are far far lower. So at some transaction size, LN transactions becomes more expensive than on-chain transactions. So LN is made for everyday payments in the (USD) single digits, double digits, or triple digits. As the years pass and on-chain fees rise LN payments will also be cheaper for four digit (USD) payments. And of course it all depends on how many hops a tx takes.
r/bitcoin
LN fees are indeed % based, as u/Crappyhodler said. You are wrong. LN fees DO NOT work the same way as on-chain fees work. There is no fee market on LN because data capacity is not the bottleneck as it is on-chain. Instead, on LN, payment capacity is the bottleneck, so fees are charged as a percentage of the payment being routed. It's just hops multiplied by what each hop (node) is charging. Each node can set a flat base fee plus a percentage fee, kinda the way credit cards charge \~30 cents base fee per transaction plus like 2.9% of the transaction or whatever, though obviously LN fees are far far lower. So at some transaction size, LN transactions becomes more expensive than on-chain transactions. So LN is made for everyday payments in the (USD) single digits, double digits, or triple digits. As the years pass and on-chain fees rise LN payments will also be cheaper for four digit (USD) payments. And of course it all depends on how many hops a tx takes.
r/Bitcoin
2024-20-05
Binance can withdraw to Muun. Just put an amount to receive in invoice
r/bitcoin
Binance can withdraw to Muun. Just put an amount to receive in invoice
r/Bitcoin
2024-20-05
I can't bring myself to buy the Armored Core 6 Premium Collector's Edition. But with the recent increase in BTC price, I bought myself this for around 700 USD. My guy math feels like this is free. I feels soooo good.
r/bitcoin
I can't bring myself to buy the Armored Core 6 Premium Collector's Edition. But with the recent increase in BTC price, I bought myself this for around 700 USD. My guy math feels like this is free. I feels soooo good.
r/Bitcoin
2024-19-05
BTC isn’t the currency of the internet, it’s the gold of the internet. No one buys things in gold… it’s to invest in.
r/bitcoin
BTC isn’t the currency of the internet, it’s the gold of the internet. No one buys things in gold… it’s to invest in.
r/Bitcoin
2024-20-05
I get that. But for the love of dog, don't trade appreciating assets for stuff like this.
r/bitcoin
I get that. But for the love of dog, don't trade appreciating assets for stuff like this.
r/Bitcoin
2024-20-05
>My guy math that's the joke
r/bitcoin
>My guy math that's the joke
r/Bitcoin
2024-20-05
Someday this is going to be a painful memory for OP lol
r/bitcoin
Someday this is going to be a painful memory for OP lol
r/Bitcoin
2024-20-05
If he bought it with fiat it would be the same as that's money he could have put into btc. With that logic then no one should buy anything ever as that money could always go into btc
r/bitcoin
If he bought it with fiat it would be the same as that's money he could have put into btc. With that logic then no one should buy anything ever as that money could always go into btc
r/Bitcoin
2024-20-05
But he didn't. And that BTC will appreciate in someone else's wallet now while his fiat depreciates.
r/bitcoin
But he didn't. And that BTC will appreciate in someone else's wallet now while his fiat depreciates.
r/Bitcoin
2024-20-05
I don't think you're getting me. Every single thing you buy with fiat, is money you are not putting in BTC. Spending btc vs spending fiat is the same thing as one can be traded for the other. Life is not just about stacking sats
r/bitcoin
I don't think you're getting me. Every single thing you buy with fiat, is money you are not putting in BTC. Spending btc vs spending fiat is the same thing as one can be traded for the other. Life is not just about stacking sats
r/Bitcoin
2024-20-05
AC6 is firmly in my top 5 games I've played in the last decade. You chose well. Enjoy!
r/bitcoin
AC6 is firmly in my top 5 games I've played in the last decade. You chose well. Enjoy!
r/Bitcoin
2024-20-05
No friend was going to buy but thankfully didn't
r/bitcoin
No friend was going to buy but thankfully didn't
r/Bitcoin
2024-31-05
Education will continue and this will accelerate. Get used to seeing names like this acquiring $BTC.
r/bitcoin
Education will continue and this will accelerate. Get used to seeing names like this acquiring $BTC.
r/Bitcoin
2024-19-05
My favorite part is what’s the point? cause, only what? one? FBTC maybe 2? of the ETFs has a separate custodian from all the others. What’s the point of diversifying? You should just pile into the lowest fee one or split between the one self custody etf and lowest fee of the others options that are all held by coinbase.
r/bitcoin
My favorite part is what’s the point? cause, only what? one? FBTC maybe 2? of the ETFs has a separate custodian from all the others. What’s the point of diversifying? You should just pile into the lowest fee one or split between the one self custody etf and lowest fee of the others options that are all held by coinbase.
r/Bitcoin
2024-20-05
I agree for the hedge funds but Wisconsin pension fund is not doing a carry trade.
r/bitcoin
I agree for the hedge funds but Wisconsin pension fund is not doing a carry trade.
r/Bitcoin
2024-20-05
But that was just until each fund hit a certain AUM or the timeframe closed whichever happened first. Which I’m pretty sure all of them have already hit or passed. It’s not like those first 100mil or 1bn dollars in BTC stay at the lower rate. As soon as the funds hit their target they adjust the management fee to whatever there actually rate is. The only thing that should matter to these funds is which has the lowest carry cost and risk diversification. So if all of them hold the same custody risk then you should just be in the lowest fee fund.
r/bitcoin
But that was just until each fund hit a certain AUM or the timeframe closed whichever happened first. Which I’m pretty sure all of them have already hit or passed. It’s not like those first 100mil or 1bn dollars in BTC stay at the lower rate. As soon as the funds hit their target they adjust the management fee to whatever there actually rate is. The only thing that should matter to these funds is which has the lowest carry cost and risk diversification. So if all of them hold the same custody risk then you should just be in the lowest fee fund.
r/Bitcoin
2024-20-05
Wait until they learn that most of them have a single common custodian.
r/bitcoin
Wait until they learn that most of them have a single common custodian.
r/Bitcoin
2024-20-05
The price HAS MOVED from Jan - NOW because of these purchases. lol This is all HISTORICAL information based on SEC requirements.
r/bitcoin
The price HAS MOVED from Jan - NOW because of these purchases. lol This is all HISTORICAL information based on SEC requirements.
r/Bitcoin
2024-20-05
When you can't fight them, join them.
r/bitcoin
When you can't fight them, join them.
r/Bitcoin
2024-20-05
that is Great News for the future!
r/bitcoin
that is Great News for the future!
r/Bitcoin
2024-20-05
first they laugh, then they deny, then they fomo
r/bitcoin
first they laugh, then they deny, then they fomo
r/Bitcoin
2024-21-05
r/bitcoin
r/Bitcoin
2024-19-05
The 9-10% for the S&P is an average, and also based on specific historic moments. It only began in 1957. We are not in the post-WW2 boom period. The USA is in decline. Manufacturing is outsourced overseas. The S&P depends on tech companies who in turn need cheap money to keep their zombie companies afloat.
r/bitcoin
The 9-10% for the S&P is an average, and also based on specific historic moments. It only began in 1957. We are not in the post-WW2 boom period. The USA is in decline. Manufacturing is outsourced overseas. The S&P depends on tech companies who in turn need cheap money to keep their zombie companies afloat.
r/Bitcoin
2024-20-05
Every dollar you put into Bitcoin is a dollar you don’t have to defend
r/bitcoin
Every dollar you put into Bitcoin is a dollar you don’t have to defend
r/Bitcoin
2024-20-05
Yes, it's an average. Of course. Looking at the past 8 years, it's an average of 12.5% growth. The US has a shitton of problems but the stock market is not one of them. The whole world has had a TON of inflation, the US included, but the US came out of it ahead of most. The inflation wasn't as bad in the US as compared to most of Europe and Asia (for developed nations). Additionally, crypto has yet to really break away from the stock market. Generally speaking, crypto goes up and down with the S&P, just with more volatility.
r/bitcoin
Yes, it's an average. Of course. Looking at the past 8 years, it's an average of 12.5% growth. The US has a shitton of problems but the stock market is not one of them. The whole world has had a TON of inflation, the US included, but the US came out of it ahead of most. The inflation wasn't as bad in the US as compared to most of Europe and Asia (for developed nations). Additionally, crypto has yet to really break away from the stock market. Generally speaking, crypto goes up and down with the S&P, just with more volatility.
r/Bitcoin
2024-20-05
Standard & Poor 500 for a reason
r/bitcoin
Standard & Poor 500 for a reason
r/Bitcoin
2024-20-05
OK, then please tell me what is "the price level".
r/bitcoin
OK, then please tell me what is "the price level".
r/Bitcoin
2024-20-05
>is that to say that measuring inflation/debasement by M2 isnt accurate Yes. >were are only scratching the surface of how much money is floating around out there? More that we don't know how much has been created *or destroyed* at any moment. It would be very difficult to measure trueoney supply (money spendable in the real economy) at any given moment. We can only use indirect measures (like prices), however prices can rise and fall due to non-monetary issues as well. >is that to say between the central banks of the world, the fed and the Eurodollar they’ve literally lost track? Central banks have little to do with it. It's the activity of global *commercial* banks (and near banks) that's difficult to fully track. >you feel expansion money supply equals inflation? I do stick with the Milton Friedman definition for the most part, yes.
r/bitcoin
>is that to say that measuring inflation/debasement by M2 isnt accurate Yes. >were are only scratching the surface of how much money is floating around out there? More that we don't know how much has been created *or destroyed* at any moment. It would be very difficult to measure trueoney supply (money spendable in the real economy) at any given moment. We can only use indirect measures (like prices), however prices can rise and fall due to non-monetary issues as well. >is that to say between the central banks of the world, the fed and the Eurodollar they’ve literally lost track? Central banks have little to do with it. It's the activity of global *commercial* banks (and near banks) that's difficult to fully track. >you feel expansion money supply equals inflation? I do stick with the Milton Friedman definition for the most part, yes.
r/Bitcoin
2024-20-05
Don't forget, that due to technical advancements manufacturing gets easier over time. So it costs less man hours and less ressources due to higher efficiency. Thus stuff should get cheaper. So a measured price increase of 3% while having 3% technological advancements means your currency devalued by 6%. Because for every of your spent time units at work, you get 6% less time units of work back each year.
r/bitcoin
Don't forget, that due to technical advancements manufacturing gets easier over time. So it costs less man hours and less ressources due to higher efficiency. Thus stuff should get cheaper. So a measured price increase of 3% while having 3% technological advancements means your currency devalued by 6%. Because for every of your spent time units at work, you get 6% less time units of work back each year.
r/Bitcoin
2024-20-05
Precisely. Under a bitcoin standard, not only would we not see continuously rising prices, we’d see prices steadily fall over time.
r/bitcoin
Precisely. Under a bitcoin standard, not only would we not see continuously rising prices, we’d see prices steadily fall over time.
r/Bitcoin
2024-20-05
Very true. Give than insight a round of applause!
r/bitcoin
Very true. Give than insight a round of applause!
r/Bitcoin
2024-20-05
This assumes that the problem doesn't accelerate, which it is. Its worse with the US dollar, we are at double digit real inflation rates (not the CPI bs they push)
r/bitcoin
This assumes that the problem doesn't accelerate, which it is. Its worse with the US dollar, we are at double digit real inflation rates (not the CPI bs they push)
r/Bitcoin
2024-20-05
For those interested in a similar breakdown of the US: According to the [“true,” or Rothbard-Salerno, money supply measure (TMS) (developed by Murray Rothbard and Joseph Salerno)](https://mises.org/articles-interest/austrian-definitions-supply-money) money supply is now up by more than 185 percent from 2009. (M2 has grown by 145 percent in that period.) Out of the current money supply of $19 trillion, $4.6 trillion—or 24 percent—of that has been created since January 2020. Since 2009, more than $12 trillion of the current money supply has been created. In other words, nearly two-thirds of the total existing money supply have been created just in the past thirteen years. Source: [The Money Supply Is Growing Again And The Fed Wants It That Way](https://mises.org/mises-wire/money-supply-growing-again-and-fed-wants-it-way?utm_source=MI+Subscriptions&utm_campaign=a3dbd7ce5f-EMAIL_CAMPAIGN_2024_03_01_07_02_COPY_01&utm_medium=email&utm_term=0_-fb69bb184c-%5BLIST_EMAIL_ID%5D) - [Ryan McMaken](https://mises.org/profile/ryan-mcmaken)
r/bitcoin
For those interested in a similar breakdown of the US: According to the [“true,” or Rothbard-Salerno, money supply measure (TMS) (developed by Murray Rothbard and Joseph Salerno)](https://mises.org/articles-interest/austrian-definitions-supply-money) money supply is now up by more than 185 percent from 2009. (M2 has grown by 145 percent in that period.) Out of the current money supply of $19 trillion, $4.6 trillion—or 24 percent—of that has been created since January 2020. Since 2009, more than $12 trillion of the current money supply has been created. In other words, nearly two-thirds of the total existing money supply have been created just in the past thirteen years. Source: [The Money Supply Is Growing Again And The Fed Wants It That Way](https://mises.org/mises-wire/money-supply-growing-again-and-fed-wants-it-way?utm_source=MI+Subscriptions&utm_campaign=a3dbd7ce5f-EMAIL_CAMPAIGN_2024_03_01_07_02_COPY_01&utm_medium=email&utm_term=0_-fb69bb184c-%5BLIST_EMAIL_ID%5D) - [Ryan McMaken](https://mises.org/profile/ryan-mcmaken)
r/Bitcoin
2024-20-05
if you're looking for practical information on how a price index is constructed, remembering that price indices are how we operationalize a price level, [the BLS](https://www.bls.gov/cpi/questions-and-answers.htm) will be able to explain it better than I could. expected inflation is just the difference between the nominal interest rate and the real interest rate.
r/bitcoin
if you're looking for practical information on how a price index is constructed, remembering that price indices are how we operationalize a price level, [the BLS](https://www.bls.gov/cpi/questions-and-answers.htm) will be able to explain it better than I could. expected inflation is just the difference between the nominal interest rate and the real interest rate.
r/Bitcoin
2024-20-05
Wow! That is crazy. No wonder most people can't afford to buy a home anymore.
r/bitcoin
Wow! That is crazy. No wonder most people can't afford to buy a home anymore.
r/Bitcoin
2024-20-05
This quote should be stickied. * *But also mention 80% volatility 
r/bitcoin
This quote should be stickied. * *But also mention 80% volatility 
r/Bitcoin
2024-20-05
Borrowing to buy real estate is a leveraged dollar short position 
r/bitcoin
Borrowing to buy real estate is a leveraged dollar short position 
r/Bitcoin
2024-20-05
But now the real estate market is crowded, and it's a bad investment anyway: property taxes, maintenance, shitty tenants, not truly scarce, etc.
r/bitcoin
But now the real estate market is crowded, and it's a bad investment anyway: property taxes, maintenance, shitty tenants, not truly scarce, etc.
r/Bitcoin
2024-20-05
Can I borrow one of those million?
r/bitcoin
Can I borrow one of those million?
r/Bitcoin
2024-21-05
for the imbeciles who think the solution is MORE government intervention, muh tax the rich, etc. inflation is ALWAYS caused by the government. the solution is less government. less central planning, less centralization across the board. and get rid of 50% of government offices, for starters if you even want to approach addressing the problem of inflation.
r/bitcoin
for the imbeciles who think the solution is MORE government intervention, muh tax the rich, etc. inflation is ALWAYS caused by the government. the solution is less government. less central planning, less centralization across the board. and get rid of 50% of government offices, for starters if you even want to approach addressing the problem of inflation.
r/Bitcoin
2024-21-05
Nice one, appreciate your thoughts, cheers!
r/bitcoin
Nice one, appreciate your thoughts, cheers!
r/Bitcoin
2024-21-05
FRB does not create money, but economy schools gives such impression, I don't know why, maybe bankers are intentionally hiding the truth by blurring the true definition of money M2 is all the deposit records, majority of those records are the same money counted multiple times at different time/banks, thus can not be spent AT THE SAME TIME. Based on general accounting rule, once a 100 dollar bill is loaned out, the corresponding deposit balance must be reduced by 100, just like when original depositor did a 100 dollar withdraw (Today the deposit balance does not change when the loan is issued, this is like a double spending, which is totally forbidden in bitcoin, you can see why bitcoin is more real) Taking last year's several failed banks as example, when they are facing large scale withdraw, and most of their money already loaned out, the only way for them to survive is to borrow money from large banks, and those whales are not philanthropist, they will take the chance to buy out these small banks cheaply or let them die and grab all their customers
r/bitcoin
FRB does not create money, but economy schools gives such impression, I don't know why, maybe bankers are intentionally hiding the truth by blurring the true definition of money M2 is all the deposit records, majority of those records are the same money counted multiple times at different time/banks, thus can not be spent AT THE SAME TIME. Based on general accounting rule, once a 100 dollar bill is loaned out, the corresponding deposit balance must be reduced by 100, just like when original depositor did a 100 dollar withdraw (Today the deposit balance does not change when the loan is issued, this is like a double spending, which is totally forbidden in bitcoin, you can see why bitcoin is more real) Taking last year's several failed banks as example, when they are facing large scale withdraw, and most of their money already loaned out, the only way for them to survive is to borrow money from large banks, and those whales are not philanthropist, they will take the chance to buy out these small banks cheaply or let them die and grab all their customers
r/Bitcoin
2024-22-05
Interesting question! I have never thought about it this way Let's first look at a pure cash based traditional bank in 19th century: After that 100 dollar bill is loaned out to B, bank do not have money to deal with A's payment/withdraw, thus a bank run happens Of course banks have many customers and they don't come and withdraw at the same time, thus the reserve ratio concept: A bank run seldom happens if they keep 1/10 of the cash at hand. (This is why I said they can not be spent AT THE SAME TIME, they just spend other customers money) I think the same is true for today's electronic banking, where banks hold very little physical cash, but balances at FED clearing system When A deposit 100 or received payment at bank X, the bank X would have its account balance at FED clearing system increased by 100. That balance is the money that bank X use to pay other banks. And after B took 100 loan from bank X, that balance would be reduced by 100 So if A is trying to pay another bank Z after that, the bank X will have no money to pay bank Z, since A's money has went to bank Y, thus a liquidity crisis In this way, a bank would never be able to pay money to other banks that exceeding their balance at FED system. For if they could, then you just need two banks loaning to each other endlessly to create infinite money, electronically. They would definitely practice this if there is no limitation. And that will make central banks' monetary policy useless overnight
r/bitcoin
Interesting question! I have never thought about it this way Let's first look at a pure cash based traditional bank in 19th century: After that 100 dollar bill is loaned out to B, bank do not have money to deal with A's payment/withdraw, thus a bank run happens Of course banks have many customers and they don't come and withdraw at the same time, thus the reserve ratio concept: A bank run seldom happens if they keep 1/10 of the cash at hand. (This is why I said they can not be spent AT THE SAME TIME, they just spend other customers money) I think the same is true for today's electronic banking, where banks hold very little physical cash, but balances at FED clearing system When A deposit 100 or received payment at bank X, the bank X would have its account balance at FED clearing system increased by 100. That balance is the money that bank X use to pay other banks. And after B took 100 loan from bank X, that balance would be reduced by 100 So if A is trying to pay another bank Z after that, the bank X will have no money to pay bank Z, since A's money has went to bank Y, thus a liquidity crisis In this way, a bank would never be able to pay money to other banks that exceeding their balance at FED system. For if they could, then you just need two banks loaning to each other endlessly to create infinite money, electronically. They would definitely practice this if there is no limitation. And that will make central banks' monetary policy useless overnight
r/Bitcoin
2024-22-05
Exactly, every new student learn FRB from the first day and cheers that as a science discovery. FRB does not create money, it just create more deposit records, same money, multiple locations. I don't know why banks call it creating money, I think they are just try to make things more confusing But we have never learned in economy schools that there is regulations or restrictions on how much loan a commercial bank can issue. It is highly likely that there is NONE But why there is still bank failure like SVB if all commercial banks can create money at will? So there IS a restriction somewhere, which is never taught in those books (That is the FED wire central clearing system). And that is why I tends to believe that those books are just full of sophisticated lies to confuse people
r/bitcoin
Exactly, every new student learn FRB from the first day and cheers that as a science discovery. FRB does not create money, it just create more deposit records, same money, multiple locations. I don't know why banks call it creating money, I think they are just try to make things more confusing But we have never learned in economy schools that there is regulations or restrictions on how much loan a commercial bank can issue. It is highly likely that there is NONE But why there is still bank failure like SVB if all commercial banks can create money at will? So there IS a restriction somewhere, which is never taught in those books (That is the FED wire central clearing system). And that is why I tends to believe that those books are just full of sophisticated lies to confuse people
r/Bitcoin
2024-22-05
My understanding is that when the bank does not have enough balance with the central bank, the bank needs to loan money from the central bank to increase that balance. And this effectively bounds the ability of creating infinite amount of money. Whether there are other limits by regulation, I don't know.
r/bitcoin
My understanding is that when the bank does not have enough balance with the central bank, the bank needs to loan money from the central bank to increase that balance. And this effectively bounds the ability of creating infinite amount of money. Whether there are other limits by regulation, I don't know.
r/Bitcoin
2024-23-05
I mean it's just not text in books, is every online source I can find. So if you have any source that presents it as you say it, let me know, I'd be interested. However, still, do you agree that within a single bank, there is no mechanism to prevent printing money?
r/bitcoin
I mean it's just not text in books, is every online source I can find. So if you have any source that presents it as you say it, let me know, I'd be interested. However, still, do you agree that within a single bank, there is no mechanism to prevent printing money?
r/Bitcoin
2024-24-05
You somehow still avoided to answer whether you agree or not that within a single bank there is no mechanism to print money. As I understand, you try to claim that commercial banks do not print money, but then you fail to explain what prevents them. You also can not point me to any source of information that would support such a claim. So it does not sound like a good argument. This does not imply you are wrong, it's just that you are very unconvincing. If you at least could explain the whole process yourself and demonstrate that it is not possible for such a bank to create money... But so far the only argument you've made is that "if it was possible they would misuse it". But that's not enough to make a solid argument. That's rather expressing an opinion about expected behavior of a third party. Now you are saying that the questions do not have answers at all. That's not true. They do have answers - it is possible to answer whether commercial banks create money or not. That perhaps you do not know the answers does not mean the answer does not exist. If you really understood the process as you claim, you could answer all those questions and explain in detail how the mechanism works. If you can't do that then how are you sure that your claim that banks do not print money is correct?
r/bitcoin
You somehow still avoided to answer whether you agree or not that within a single bank there is no mechanism to print money. As I understand, you try to claim that commercial banks do not print money, but then you fail to explain what prevents them. You also can not point me to any source of information that would support such a claim. So it does not sound like a good argument. This does not imply you are wrong, it's just that you are very unconvincing. If you at least could explain the whole process yourself and demonstrate that it is not possible for such a bank to create money... But so far the only argument you've made is that "if it was possible they would misuse it". But that's not enough to make a solid argument. That's rather expressing an opinion about expected behavior of a third party. Now you are saying that the questions do not have answers at all. That's not true. They do have answers - it is possible to answer whether commercial banks create money or not. That perhaps you do not know the answers does not mean the answer does not exist. If you really understood the process as you claim, you could answer all those questions and explain in detail how the mechanism works. If you can't do that then how are you sure that your claim that banks do not print money is correct?
r/Bitcoin
2024-25-05
Your example with exchange does not include loans. So I can't see how it would be related to the topic. The scenario is rather simple. Bank has three clients A, B, and C. All have accounts with the bank with balance 0. Client A decides to take a loan of 50. Client A decides to pay for services to B and pays 50 to B. So, A's account balance is at 0, B's account balance is at 50. Argue why no money was created in this case. And if it wasn't, explain why that 50 on B's account is not money.
r/bitcoin
Your example with exchange does not include loans. So I can't see how it would be related to the topic. The scenario is rather simple. Bank has three clients A, B, and C. All have accounts with the bank with balance 0. Client A decides to take a loan of 50. Client A decides to pay for services to B and pays 50 to B. So, A's account balance is at 0, B's account balance is at 50. Argue why no money was created in this case. And if it wasn't, explain why that 50 on B's account is not money.
r/Bitcoin
2024-26-05
You still don't get it. Those account balances are just numbers in a database, they are just a way for banks to keep their book-keeping, they have no value, and can not be used as money The money itself are not those numbers. When A take a loan of 50, bank might not have money to give him, even when B's bank account balance shows 50. That is what happened with those failed banks last year Where is the real money? Nobody knows, the moment you give it to a bank, they are no longer visible. Just like the moment you deposit your bitcoin into FTX, you don't have control of those coins anymore, although your account balance still show that you have xxx amount of bitcoin in FTX. Exchange failure is almost the same as bank failure, since they are essentially the same business long time ago So when banks saying that they are creating money through loans, they are lying. They created some numbers in their database, but those are not money. They must first have money to lend out, and only they know how much money they actually have
r/bitcoin
You still don't get it. Those account balances are just numbers in a database, they are just a way for banks to keep their book-keeping, they have no value, and can not be used as money The money itself are not those numbers. When A take a loan of 50, bank might not have money to give him, even when B's bank account balance shows 50. That is what happened with those failed banks last year Where is the real money? Nobody knows, the moment you give it to a bank, they are no longer visible. Just like the moment you deposit your bitcoin into FTX, you don't have control of those coins anymore, although your account balance still show that you have xxx amount of bitcoin in FTX. Exchange failure is almost the same as bank failure, since they are essentially the same business long time ago So when banks saying that they are creating money through loans, they are lying. They created some numbers in their database, but those are not money. They must first have money to lend out, and only they know how much money they actually have
r/Bitcoin
2024-27-05
Many people believe those claims and illusions, until the moment their money is lost. How come SVB can not create money backed by their own bonds, to reimburse their depositors and many people lost all of their savings at SVB? It is very easy to understand from bitcoin's view: Not your keys, not your coin. No matter what bitcoin balance you have at FTX, one day you lose it all, then you start to understand those numbers are not real
r/bitcoin
Many people believe those claims and illusions, until the moment their money is lost. How come SVB can not create money backed by their own bonds, to reimburse their depositors and many people lost all of their savings at SVB? It is very easy to understand from bitcoin's view: Not your keys, not your coin. No matter what bitcoin balance you have at FTX, one day you lose it all, then you start to understand those numbers are not real
r/Bitcoin
2024-28-05
That's what fractional reserve banking does. It create great risks and allows the owners to profit greatly. The money creation is only possible if people have trust in the institution itself. If that trusts disappears, people stop using that bank and hence the ability to create money as described is no longer possible. While the trust is there, money is created (and destroyed) and used and all looks OK, until you look deep into it. So there is no contradiction here.
r/bitcoin
That's what fractional reserve banking does. It create great risks and allows the owners to profit greatly. The money creation is only possible if people have trust in the institution itself. If that trusts disappears, people stop using that bank and hence the ability to create money as described is no longer possible. While the trust is there, money is created (and destroyed) and used and all looks OK, until you look deep into it. So there is no contradiction here.
r/Bitcoin
2024-28-05
No money is created, just deposit records. FRB makes you believe that there is money in your account, while in reality there is none. That is simply a scam, but those scam numbers are being called M2 to confusing people, we are living in a strange world But that is why bitcoin rises, it is not a scam
r/bitcoin
No money is created, just deposit records. FRB makes you believe that there is money in your account, while in reality there is none. That is simply a scam, but those scam numbers are being called M2 to confusing people, we are living in a strange world But that is why bitcoin rises, it is not a scam
r/Bitcoin
2024-29-05
Money is created, you just use that term very specifically, so you don't call it that way. For everyone else, this is money.
r/bitcoin
Money is created, you just use that term very specifically, so you don't call it that way. For everyone else, this is money.
r/Bitcoin
2024-29-05
r/bitcoin
r/Bitcoin
2024-19-05
r/bitcoin
r/Bitcoin
2024-19-05
I just don’t use Reddit dumbass
r/bitcoin
I just don’t use Reddit dumbass
r/Bitcoin
2024-03-06
Beg more
r/bitcoin
Beg more
r/Bitcoin
2024-03-06
Besides the correct answer that there is no REAL exit strategy for REAL maxis, what WOULD you do with SOME profits in USD(t)?
r/bitcoin
Besides the correct answer that there is no REAL exit strategy for REAL maxis, what WOULD you do with SOME profits in USD(t)?
r/Bitcoin
2024-19-05
How did he die?
r/bitcoin
How did he die?
r/Bitcoin
2024-20-05
Bought a motorcycle and rode it in an unsafe manner. He was going too fast over a hill and at the bottom someone was braking to yield to the car ahead of them who was turning into their driveway. He did not have time to stop and was gone in an instant.
r/bitcoin
Bought a motorcycle and rode it in an unsafe manner. He was going too fast over a hill and at the bottom someone was braking to yield to the car ahead of them who was turning into their driveway. He did not have time to stop and was gone in an instant.
r/Bitcoin
2024-20-05
I'll just have a pizza
r/bitcoin
I'll just have a pizza
r/Bitcoin
2024-20-05
Pay off debt or downpayment on a house. Those are the only two things I would ever sell Bitcoin for.
r/bitcoin
Pay off debt or downpayment on a house. Those are the only two things I would ever sell Bitcoin for.
r/Bitcoin
2024-20-05
Take whatever I cash out and put like 40% of it into my savings to be ready for the inevitable Capital Gains tax 🙄. The rest of it will probably sit in my savings until crypto winter comes back.
r/bitcoin
Take whatever I cash out and put like 40% of it into my savings to be ready for the inevitable Capital Gains tax 🙄. The rest of it will probably sit in my savings until crypto winter comes back.
r/Bitcoin
2024-20-05
That'd be a great experiment. Will the transplanted kidney readjust to the host like it used to? Or would be rejected as a foreign body?
r/bitcoin
That'd be a great experiment. Will the transplanted kidney readjust to the host like it used to? Or would be rejected as a foreign body?
r/Bitcoin
2024-20-05
Buying a house outside of Canada?
r/bitcoin
Buying a house outside of Canada?
r/Bitcoin
2024-20-05
Yikes, man, that is awful. R.I.P. My dad was very anti-motorbikes because of safety concerns and he drilled that mentality into our heads. Statistically speaking you are just so much safer inside a car, and with a seatbelt on.
r/bitcoin
Yikes, man, that is awful. R.I.P. My dad was very anti-motorbikes because of safety concerns and he drilled that mentality into our heads. Statistically speaking you are just so much safer inside a car, and with a seatbelt on.
r/Bitcoin
2024-20-05
Buy more bitcoin!
r/bitcoin
Buy more bitcoin!
r/Bitcoin
2024-20-05
Live
r/bitcoin
Live
r/Bitcoin
2024-20-05
That’s a great question— I’m not sure!! You would think it would go by whatever the rate is right when you sell it, but i bet that’s not how it goes. It’ll be whatever benefits the government more probably. I don’t even know what the current tax rate is on Capital Gains, but I’m gonna put away 40% just to be safe.
r/bitcoin
That’s a great question— I’m not sure!! You would think it would go by whatever the rate is right when you sell it, but i bet that’s not how it goes. It’ll be whatever benefits the government more probably. I don’t even know what the current tax rate is on Capital Gains, but I’m gonna put away 40% just to be safe.
r/Bitcoin
2024-20-05
No, in canada.
r/bitcoin
No, in canada.
r/Bitcoin
2024-20-05
I just find it astonishing that anyone would consider places like that more stable and secure than Western Europe. It's not too hard to have a very comfortable life in eg the UK. If taxes are the price of stability and comfort then I'm all for that. I think you would have to pay me to live in the places listed.
r/bitcoin
I just find it astonishing that anyone would consider places like that more stable and secure than Western Europe. It's not too hard to have a very comfortable life in eg the UK. If taxes are the price of stability and comfort then I'm all for that. I think you would have to pay me to live in the places listed.
r/Bitcoin
2024-20-05
Yep as a dad I’m very much the same way. Driving is the riskiest activity we partake in; despite how desensitized we are to it in our society. My son will yell if I even try to pull the car out of the garage and he hasn’t finished buckling. Good thing to yell about imo.
r/bitcoin
Yep as a dad I’m very much the same way. Driving is the riskiest activity we partake in; despite how desensitized we are to it in our society. My son will yell if I even try to pull the car out of the garage and he hasn’t finished buckling. Good thing to yell about imo.
r/Bitcoin
2024-20-05
argentina, thailand, vietnam, elsal (now) are just as safe. eastern europe is the definition of rundown, without even any hope for the future beyond migrating to other countries cause every politician is corrupt. but sure shqipe go to albania et al, enjoy the top notch... swampy sea, mediocre weather and... idk.. cows?
r/bitcoin
argentina, thailand, vietnam, elsal (now) are just as safe. eastern europe is the definition of rundown, without even any hope for the future beyond migrating to other countries cause every politician is corrupt. but sure shqipe go to albania et al, enjoy the top notch... swampy sea, mediocre weather and... idk.. cows?
r/Bitcoin
2024-20-05
What do you mean? Collect your real estate? You think the state will attempt to seize property? That's not happening anytime soon. We're still democratic countries and voters own houses. Nonsense. Sorry if I misunderstood what you meant though, I'd love to understand. I don't understand the house buying process you describe either. My teenage son wants to buy a house in ten years. How does he do that? He has no bitcoin, it's too expensive and millennials own it all. He's interested in other coins. Does he have to earn bitcoins? Well that doesn't work because each year he can only earn less. He's a slave to the bitcoin holders. He could borrow bitcoins? Who would lend it to him? He can never pay them back. The house is worth 6 BTC today. But 3 in ten years. His wages pay for less bitcoin each year. He can never repay the loan. He can pay with FIAT? But apparently that just gets more and more worthless as bitcoin rises. Besides, the existing bitcoin holders will be able to buy all the houses up. Gen Z will never own a house. If the millenials should be pissed off at the FIAT system, just wait until you see the rage from Gen Z when they become slaves to bitcoin holders. Maybe I should start selling wrenches.
r/bitcoin
What do you mean? Collect your real estate? You think the state will attempt to seize property? That's not happening anytime soon. We're still democratic countries and voters own houses. Nonsense. Sorry if I misunderstood what you meant though, I'd love to understand. I don't understand the house buying process you describe either. My teenage son wants to buy a house in ten years. How does he do that? He has no bitcoin, it's too expensive and millennials own it all. He's interested in other coins. Does he have to earn bitcoins? Well that doesn't work because each year he can only earn less. He's a slave to the bitcoin holders. He could borrow bitcoins? Who would lend it to him? He can never pay them back. The house is worth 6 BTC today. But 3 in ten years. His wages pay for less bitcoin each year. He can never repay the loan. He can pay with FIAT? But apparently that just gets more and more worthless as bitcoin rises. Besides, the existing bitcoin holders will be able to buy all the houses up. Gen Z will never own a house. If the millenials should be pissed off at the FIAT system, just wait until you see the rage from Gen Z when they become slaves to bitcoin holders. Maybe I should start selling wrenches.
r/Bitcoin
2024-20-05
Gen Z are going to have to do a lot of work. They need to buy our coins for 100x what we paid, and pay the rent too. Poor kids. Still, they can't not buy our coins. Right? It will all work out for sure. Maybe I'll let my kids borrow the Lambo occasionally.
r/bitcoin
Gen Z are going to have to do a lot of work. They need to buy our coins for 100x what we paid, and pay the rent too. Poor kids. Still, they can't not buy our coins. Right? It will all work out for sure. Maybe I'll let my kids borrow the Lambo occasionally.
r/Bitcoin
2024-20-05