I just love the fact that Jamie Dimon exposed himself that he has no fucking clue about Bitcoin.

Saying something is a decentralized ponzi scheme is similar to saying a round rectangle exists. It defeats the criteria of the original definition of a ponzi scheme.

Then the fact that he mentioned 21 million BTC limit is not true. He stated "What if Satoshi comes out after 21 million BTC is created and says 'Ha-Ha'?" (LMAO)

First of all, BTC has no hard limit of 21 million. The halving creates that limitation. When 2140 AD approaches, the block reward will be so small, a tiny fraction of a full BTC, that it'd be impossible to cross the 21 million mark. There's no line in the white paper that says 21 million is the absolute hard limit. But the halving protocol sets that limit indirectly. Understand this first Jamie Dimon.At least let an expert debrief you before going on television and making stupid claims.

Secondly, I greatly love the fact that the CNBC interviewers were actually on the side of BTC, surprisingly. For what it's worth they've been covering BTC enough and have met several talents in the ecosystem to have a better gist of the bitcoin ecosystem than most pompous prick bankers who can't see past their own noses. It's a sign that Bitcoin is winning. "Slowly, but surely" is coming true.

I just love it.

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Cohosts laugh at Jaime Dimon as he tries to spread bitcoin fud. Bitcoin is winning.

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bitcoiners

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FTM4: The Davos crypto-crowd and the rise of Bitcoin maximalism

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LIVE: Department of Justice announces international cryptocurrency enforcement action — 01/18/23

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It's not the time to fight about Fundamentals vs. Technicals

submitted by /u/btc_ideas [link] [comments]

source https://www.reddit.com/r/btc/comments/10fhizm/its_not_the_time_to_fight_about_fundamentals_vs/

Hypothetically

If millions of people collectively took out massive loans from banks and put them all in Bitcoin then declare bankruptcy what could they even do if Bitcoin is un seizable?😂

submitted by /u/ReTrOVoiiD
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The Bitcoin Cash Podcast #69: BCHN & Cashtokens feat. Calin Culianu

submitted by /u/Shibinator [link] [comments]

source https://www.reddit.com/r/btc/comments/10fet9p/the_bitcoin_cash_podcast_69_bchn_cashtokens_feat/

Definitions of Inflation and Deflation

I’d like to discuss the various meanings of deflation and inflation. I have seen the usage of these words vary a lot in media and finance. While I have a decent understanding of what is going on, I often get confused by the conflated use of these words and would like to clear some things up.

From my current knowledge, I see inflation as being an increase in broad money supply. For the fiat system, this is best described as an increase in M2. For Bitcoin, it would be described as an increase in supply of bitcoins.

Furthermore, the rate of inflation is just the derivative of broad money supply (basic calculus). For Bitcoin, this is extremely easy to calculate, based on the current halving cycle (i.e. block subsidy), and it sits around 1.75%. For fiat, this is more complicated, nebulous and volatile. As of today, the YoY increase in M2 is about 0.01% due to recent rate hikes, but it was obviously much higher in the past year. Financial institutions try to measure the inflation rate using CPI, but this is blatantly biased and flawed, since inflation effects everyone differently and the “basket of goods” is ever-changing.

On the other hand, deflation is the decrease in broad money supply. I won’t go over the meaning agains, since it is pretty much just the opposite of inflation.

However, I would like to better understand how Bitcoin is deflationary. As Bitcoin eventually reaches its hard cap of 21 million, it will become neither inflationary or deflationary. I’m not sure if there is a technical term for this, but I’ll call it “sound”. In this state of sound money, I understand that the prices of goods will deflate in relation to Bitcoin (as they already have in the past). While this makes sense to me, I believe it is a misnomer to call Bitcoin deflationary. Bitcoin would only be deflating if its supply was decreasing.

Can someone please help me clear up these semantics?

submitted by /u/Mindless-Range-7764
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BCH Unlimited docker image

Hi all, I'm trying to set up a node on a synology NAS. VMs seem to use too much memory so I'm hoping there's a BCH unlimited docker image somewhere. I'd like to go with BCHU because the electroncash server is built in. Any suggestions? Thanks.

submitted by /u/fergalius
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source https://www.reddit.com/r/btc/comments/10elhvb/bch_unlimited_docker_image/

Simply Bitcoin: D&D and Why We Do What We Do

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This independent coffee shop in rural England also sells house plants for Bitcoin? ⚡🌴 Find out more about the Bitcoin community and merchant adoption in our interview with The Suffolk Jungle Room

submitted by /u/bitcoinbumblebee [link] [comments]

electrum wallet multisig signing on coldcard completely broken

I can't seem to be able to transfer a psbt to the coldcard in a way where it would be able to sign it - all I get is Failure, my xfp not involved. It works perfectly fine with sparrow, but the exact same wallet created in electrum (showing the exact same addresses) is a no go. I am assuming this might be because there are no fingerprints for the coldcards in the electrum wallet, but there doesn't seem to be any way of actually adding them. Any ideas?

submitted by /u/Sad-Error
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