I’m thinking of buying a cold wallet and I think coldcard may be the best option because I’m only interest in bitcoin
How can I buy bitcoin and deposit it in the coldcard?
I can’t get an answer anywhere
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Saturday, 5 November 2022
Friday, 4 November 2022
Problems with a bitcoin monetary standard
I have been a bitcoiner for a few years now. I am currently in an advanced (Keynesian) macroeconomics class and it has made me question some things.
If there is a bitcoin monetary standard in the future… how will businesses get credit/loans to operate their business? Without credit businesses would innovate much much slower, productivity would go way down. Less employees they can hire, etc. It would be much harder to get a business off the ground, and take so much longer to build up a business than if you had cheap credit. (I understand the consequences of cheap credit)
Hence there must be bitcoin “banks” or exchanges that distribute value between savers and borrowers.
Since bitcoin is decentralized and no protection from a central bank, I can imagine there would be bank runs all the time. The loans to borrowers would be very illiquid and the liabilities of savers who deposited their bitcoin would be very liquid. This is what happened during the Great Depression.
Hypothetically, all the bitcoin depositors would pull out of the exchange and the exchange would become Insolvent.
Therefore lending/credit would be pretty much non existent in a bitcoin standard? Therefore output and productivity would greatly go down? Therefore standard of living goes down?
Can someone please walk me through this and prove me wrong? 😂. The Keynesians are getting to me.
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Friendly reminder - instead of arguing and trying to change a persons mind about Bitcoin topics - you can get 10x more results by introducing and teaching new people about Bitcoin using a tenth of the energy.
I appreciate the occassional disagreement with other users here, but I try not go more than 2 "volleys" - unless I am actually learning something.
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source https://www.reddit.com/r/btc/comments/yle92d/friendly_reminder_instead_of_arguing_and_trying/
Thursday, 3 November 2022
Compromised ledger
Few years back when I recently got into bitcoin I was gifted a ledger (bought from Amazon), I’ve learned a lot since then while stacking. Then I found out the sneaky game of people selling back compromised ledgers to Amazon in hopes of noobs buying the ledger and then bitcoin for the thief’s. I know it’s worth it in the long run to just get a new hardware wallet to be sure I was just curious if anyone had personal experience in this area would hate to get to a whole coin in the future then one day it disappears all because I didn’t want to spend another extra $200. The cold cards looking like a great option. Thank you ₿ community you guys are the awesome!
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