Infinite divisibility= infinite capacity for inflation.

It’s a trust producing mechanism - precisely. It builds trust and something that has so much energy backing it is inherently valuable. Everyone wants an asset that is trustful…

​@@WorkSaveBitcoin "something that has so much energy backing it is inherently valuable" - this is the fundamental misunderstanding. it's subtle, so I get why people miss it. but I'll try to make it as clear as possible. the fact that proof of work requires energy is secondary to the fact that the miner paid some cost. what matters is that participants can verify a cost paid; that’s what builds trust. the trust mechanism works via a proof of costliness: if you can prove you've paid a cost, and everyone can verify the cost you've paid, then everyone can assume you are trustworthy. it actually doesn't really matter what form the cost comes in. it could be anything. the reason energy is used in bitcoin's case is because satoshi figured out that if someone finds a specific magic number for any given block, the only way they could do it is via guessing and checking, thus expending energy, thus incurring a cost. the energy used in mining is only relevant in that people can be confident that the miner incurred a cost to find the magic number. it's the cost they were willing to incur that makes them trustworthy, not the energy they spent. and it's the trust people are willing to put into the system as a whole that makes bitcoin valuable. the bitcoiner obsession with the energy used, and their belief that it is somehow connected to bitcoins inherent value, is why they were wrong about proof of stake. both proof of work and proof of stake create trustworthy blockchains because what builds trust is that participants can verify that a cost has been paid.

@@WorkSaveBitcoin "something that has so much energy backing it is inherently valuable" - this is the fundamental misunderstanding. it's subtle, so I get why people miss it. but I'll try to make it as clear as possible. value ≠ ‘energy backing’: the confusion often arises when people say: “bitcoin is backed by energy; hence, it has intrinsic value.” however, just burning energy in itself does not create value. the fact that proof of work requires energy is secondary to the fact that the miner paid some cost. what matters is that participants can verify a cost paid; that’s what builds trust. the trust mechanism works via a proof of costliness: if you can prove you've paid a cost, and everyone can verify the cost you've paid, then everyone can assume you are trustworthy. it actually doesn't really matter what form the cost comes in. it could be anything. the reason energy is used in bitcoin's case is because satoshi figured out that if someone finds a specific magic number for any given block, the only way they could do it is via guessing and checking, thus expending energy, thus incurring a cost. the energy used in mining is only relevant in that people can be confident that the miner incurred a cost to find the magic number. it's the cost they were willing to incur that makes them trustworthy, not the energy they spent. and it's the trust people are willing to put into the system as a whole that makes bitcoin valuable. the bitcoiner obsession with the energy used, and their belief that it is somehow connected to bitcoins inherent value, is why they were wrong about proof of stake. both proof of work and proof of stake create trustworthy blockchains because what builds trust is that participants can verify that a cost has been paid.

Who is bitcoin university?

@@howardwilliams2925 Matthew Kratter

@@howardwilliams2925one of the best channels on KZbin.

Maybe a new dominant cryptocurrency?

Hasn’t even dropped to that level

He bought years ago v​@@emmanuelbeltran1936

how did you know to buy it AT 17k

Why would you exchange a strong asset for a dying one?

@@WorkSaveBitcoinbecause it’s a bot. You know you’re on the right path when you see fake comments like this. You won’t get an answer to your logical question. Never sell your Bitcoin and watch their central bank system of theft shrivel up and disappear.

@@ZDude55 i think that’s just my voice 😅

@ u sound like that guy from the KZbin channel Daily Dose of Internet

@@hardushelm6268 you gatekeeping? 😭

@ lol I need some time still before everyone wakes up

@@hardushelm6268 based on the level of understanding of most people I talk to… we got plenty of time 🤣

@@WorkSaveBitcoin yeah I get the same feeling, thanks

Million at that time brother

@@dariduke344 merch is a great idea! Sorry to hear about your loses and good luck on your stacking journey

@@DylanCalaf Cycles will not always be a thing. Once we reach mass adoption, there will not be these big movements and cycles. You need to have a longer time horizon. You shouldn’t stretch yourself so thin where you don’t have enough fiat to live off of, but if you truly believe in Bitcoins fundamentals the goal should be to hodl and look into the future for your future generations, this is not just a couple years type of investment. If you’re selling for fiat you either don’t understand what you’re selling or giving in to fear.

​@@WorkSaveBitcoinNo matter all the good properties of bitcoin, this bull run is obscene like all the previous, and will inevitably result in a crash, the only question is where the top will be. Every single bitcoin and/or crypto trader out there is asking themselves that, even you. Be honest. Last run I called it pretty well, may have been luck, but in my oppinion the loss of momentum is quite clear up there, and if you sell at high prices when such obscene pendants occur you pretty much have a lower price entry guaranteed. Runs like these are the anthitesis of "stabilization". We might see stabilization and adoption in the future but this clearly isn't it lol.

​@@WorkSaveBitcoin No matter all the good properties of bitcoin, this bull run is obscene like all the previous, and will inevitably result in a crash, the only question is where the top will be. Every single bitcoin and/or crypto trader out there is asking themselves that, even you. Be honest. Last run I called it pretty well, may have been luck, but in my oppinion the loss of momentum is quite clear up there, and if you sell at high prices when such obscene pendants occur you pretty much have a lower price entry guaranteed. Runs like these are the anthitesis of "stabilization". We might see stabilization and adoption in the future but this clearly isn't it lol.

This reply section is glitched😭

@@mrmanio4935 🥂

There could be a variety of different reasons but your guess is likely as good as mine. They could not have all the assets the say they do, or they just view it as a privacy concern, or they just never thought about doing it.

Sell for what?

@@WorkSaveBitcoin yeah, for fiat, but the point stands. With this admittedly somewhat risky maneuvr you can acquire more bitcoin.

@@pun9052 I can also acquire more bitcoin by buying at the top and at the bottom too. I could make money gambling too but why gamble on getting priced out of the greatest asset on earth. Not to mention the tax nightmare

If you can tell me when is top ish end when is bottom ish I would jump right in

forex arbitrage isn't inherently gambling. same w btc arbitrage

Thanks 🙂

Awesome, thank you! Let me know what he thinks 😅

@WorkSaveBitcoin Will do Sir, he's around 50% of the way there, This should do it 😂

10 years from now you borrow against your bitcoin to pay for the house

@@es99672interest payments will make it a bad option

@@es99672 thats the thing I dont understand that concept how to borrow against my bitcoin?

BTC is not digital gold; BTC doesn’t have ANY of the valuable physical properties that gold has, so stop saying it’s digital gold

@TromboneMusicMS why should I stop? I say it like that so it is easier to understand fo dimwits

@@TromboneMusicMS nope Jerome Powell chair of the US federal reserve just said that bitcoin is just like digital gold

@@HolisticSoundCenter he also said inflation was transitory and inflation is under control. You don’t actually believe what he says… right?

​@@TromboneMusicMSCorrect me if I'm wrong but I think gold is valuabe because of it's scarcity more than it's properties. If we're strictly speaking properties, bitcoin has diferent useful properties you won't find in gold (we can't say physical, but demeriting these properties because they aren't is plain ignorant). Apples and oranges. --- GOLD: --- Physical properties: - Malleability. - Ductility. - Resistance to corrosion and most other chemical reactions. - Electrically conductive. These are properties essential for tech industries, but gold isn't the only material that has these properties. Advantages: - Scarce (currently) Drawbacks: - Can always be stolen. - In large quantities consumes maintainance costs. - Can be faked. - There's more of it underground and out in space which if found will reduce it's scarcity. - Hard to carry around, transport and trade. --- BITCOIN: --- Physical properties: - P2P Distributed Advantages: - Limited existences. Anti inflatory. - Decentralized. - Weightless. - Globally transferrable in a matter of minutes. - Very accessible (you can easily trade it online). - Programmable. Drawbacks: - Wallet keys can be stolen or lost if written down or kept in hard wallets. - Energy dependant.

@@GigaChadBigW there is no second best. I can’t predict the future, but what is stopping someone from making a more robust version of solana or eth to use as a utility blockchain? The point is sol and eth are competitors and their could be new competitors emerging at any point. There is no competitor to Bitcoin. Its immaculate conception, widespread adoption and technical prowess as a store of value are unmatched.