submitted by /u/scotty321 [link] [comments] |
source https://www.reddit.com/r/btc/comments/miaj95/sec_tries_to_redefine_cryptocurrency_as_a_security/
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M1 and M2 money stock graphs on the federal reserve's website has not been updated since data from 2/1/2021. They are supposed to update it the first of every month, and have done so since 1960. Until now. They've skipped the past two months. Now we don't know how much money is being pumped into the system. We only have the BS inflation numbers they give us....
Every month has had 3 to 5 days of data being released. Except march 2021, there was only one release. https://www.federalreserve.gov/releases/h6/default.htm
M1 https://fred.stlouisfed.org/series/M1SL
M2 https://fred.stlouisfed.org/series/M2SL
Meanwhile, Bitcoin has an auditable supply, transparent ledger, and capped total supply... a truly honest and fair financial base layer...
I think for most of us crypto retailers, the reality of obtaining a whole bitcoin is getting more and more difficult, and it will be unlikely for the most of us to obtain one whole bitcoin, unless you have a pretty big savings. But let me teach you guys something.
If you guys believe bitcoin will reach a marketcap of a 100 trillion usd (most likely it will) in 10 years, then you guys better stack some SATS. Either be it 1 dollar every month or 100 dollar every month. Just keep buying bitcoins for the coming 10 years. Because in 10 years, that 0.01 bitcoin (1 million SATS) will worth about 1 million dollars.
I owed my dad some money, and decided I’d try to pay him back using the Bch I had. He sent me his address, and I sent him $500. The fee was .0000071 sats, and he got it in about a minute. Now he can use that for what ever he wants. He’s been in crypto for just a short time, but it’s really cool to see him accepting it so quickly and wanting to learn and see how it works. I live the crypto abilities