The Bitcoin Standard | Saifedean Ammous

Presented at the Mises Institute's Libertarian Scholars Conference on 28 September 2019, at The King's College in New York City. Includes an introduction by Jeff Deist.

[@BTCNSDAP]

Saifedean's book is one of the greatest pieces of economic literature ever written. It will be remembered in history

[@VoodooD0g]

funny how most ppl who think that have only read one book on the subject. i really like it as well btw

[@BTCNSDAP]

@@VoodooD0g damn I'll admit you totally called me out and you are 100% correct. I haven't read shit else 😂

[@michaelherrera116]

Bitcoin is trash Unsaifadean is a clown who stole all Hayeks work and pawns it off as his own to clueless kids like yourself

[@BTCNSDAP]

@@michaelherrera116 why is bitcoin trash

[@michaelherrera116]

@@BTCNSDAP Because the only thing it stores is hopes and dreams and most importantly the lesson it will eventually teach

[@sunbro6998]

"People will think more of the future if they can save" -- Yes. I had never thought how our currency also reflects our immediate gratification society. Our state money is cheap, just like our morals.

[@sage7172]

Well said

[@charonaplutoni9143]

That was about time, to have a room full of Mises people listen to Bitcoin stuff. Love can not always come from one side :)

[@endthefed5304]

I like this guy. Makes sense.

[@SandStormXII]

Yea makes me want to read the book

[@Jay-zb6kb]

i finished the lex podcast and was amazed by his depth of knowledge and understanding of economics, history and bitcoin. This videos takes place before the podcast i view and Jesus he was correct

[@rvahi]

Seems that everyone who can explain it, is extremely bullish.

[@leenasawdekar9339]

Very intelligent, crisp and to the point talk. This is how it should be delivered. Thanks a lot Sir

[@hipstershep]

Great lecture, very inspiring. "A fixed protocol for exchanging value ... without politics"... almost but not quite!

[@paulginsberg6942]

Excellent Excellent Excellent. Nuff said.

[@superkruger]

Most underrated video on the interwebs.

[@mudewitz]

Great talk. I liked your question posed about why there is not a problem with the fixed money supply of Bitcoin? This has to do with some special characteristics of bitcoin, that make it reactive to inflation and deflation based on it's use and acceptance. One of the most important characteristics of money or anything throughout history that has been used as currency in trade, is that it needs to be divisible. The easier it is to divide, the better a currency it becomes. Especially, when it can not be duplicated and the double spend problem is solved. How, does the divisibility of bitcoin relate to inflation. The two are correlated directly. The term Satoshi stands for the little bits that one Bitcoin can be broken into. One bitcoin can be broken into one hundred million or 100,000,000 equivalent units, termed Satoshi's. Think of it like this there is 1.0 bitcoin. 1 bitcoin or 1BC is equivalent to 100,000,000 Satoshi or 100,000,000S. Think of it in a different perspective. Part over whole and then relate this to a simple division problem and put the whole in the numerator and the part in the denominator. If 1BC=100,000,000S then 1S=1BC/100,000,000, so 1S=0.000000001BC. As a result if 1BC=$50,000 dollars then 1S=$50,000/100,000,000 so 1S=$0.00001. The value of the 1S is much less than the value of one penny or 1 cent. 1 cent=$0.01. So 1S is 1000x smaller than 1 cent. But, the value of the 1S is very important. Why? In regards to the relationship of Bitcoin and the Satoshi with the macroenvironment of the price of 1BC and inflation. The divisibility of the BC into the very small S and with so many pieces of S to utilize ultimately as currency is where the Bitcoin, even though it is fixed in quantity of money supply, is still able to fluctuate up and down with inflation or deflation. If right now 1S=$0.00001 inflation would result in 1S value increasing. The value can increase by a multiple of 1,000 just to become equivalent to a penny or $0.01. If it inflated by 10,000 times then 1S would =$1 a dollar. So the value of S can fluctuate and this is absorbed ultimately in the many multiples of 10 that bitcoin has inherently from the denominator effect shown above of the divisibility in to the 100 million Satoshi. The divisibility give the Bitcoin the inherent nature to be able to structurally have a fixed money supply but also be able to be sensitive and reactive to inflation and deflation with changes over time related to demand on the money supply. In addition, the same market would be sensitive to expected inflation in the future, or increased uncertainty in a regional currency, would create a flight to a currency like Bitcoin that stores the value of inflation inherently inside it's construction. As Bitcoin is itself a Technology Platform that provides a service using software and cryptography combined in a new manner. The divisibility is a very key attribute in regards to the effects of inflation and the positive effect of inflation resulting on all holders of the Bitcoin. Bitcoin can be held by anyone and mined by anyone. You don't have to own a lot of Bitcoin to profit from Bitcoin in the long run. Say you just owned a $1 worth of BC. When 1BC=$50,000 then $1=0.00002BC. If there is inflation, or deflation, you can see there is plenty of orders of magnitude for the value of the BC to move. With deflation the numerical BC moves closer to the decimal and 0's are eliminated. With inflation the numerical BC moves away from the decimal and 0's are added. For example if now $1=0.00002BC say there is inflation and now 0.000005BC=$1. Now the total value of 1BC is $200,000. If now become 0.005BC=$1 then total value of 1BC is $200. See how the movement of the inflation or deflation of the Satoshi absorbs and reflects the state of the inflation based on the demand for the fixed supply of the BC. Note that the above statement is novel, new, was not copied and it's author makes this the fist publication of this information. Here today. #Bitcoin #Satoshi #Inflation #Macroeconomics #Economics #Finance #Money #Currency #Cryptocurrency #news

[@uxingusu]

Thanks for sharing this

[@StatisticallyChallenged]

10:10 THIS HIT ME HARD LOL

[@luuksoons-liberbits7676]

Excellent presentation, Bitcoin is our best chance for realizing financial and economic freedom. Bitcoin is an open and permisionless network. We have participate and make the network stronger. It is our best defence to maintain our wealth, free speech money and an open society against alle the totalitarian tendencies, institutions and enemies who prefer debt slaves in stead of wealthy and critical thinking citizens. The central bank policies of negatieve interest rates and money printing will only create more debt slaves.

[@ea2631]

Jeff looks like he just rolled out of bed, did a line, and threw his suit on 0:08

[@Caleb983]

Jeff is the Hunter S Thompson of the libertarian movement

[@youngKOkid1]

Great comment

[@friedpickles342]

Most people ponder the question "What is the meaning of life?" . . I ponder the question "Who is Satoshi"

[@allroadsleadtobitcoin]

It’s okay to have a man crush, right?

[@jamesbrassey988]

HOW PAINFUL I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN...I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED... CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I'M DOING WRONG ?

[@vanessabradley3097]

Same here, My portfolio has been going down the drain while I try trading,l just don't know what I do wrong

[@clarkschoppe7270]

Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade

[@justinsharman3893]

I strongly advise you against self trading, it's really dangerous and had brought so many investors down, you need someone with the knowledge and strategies, someone dedicated to the crypto currency market business, and I will strongly recommend expert, Mrs Mary Callahan Erdoes

[@lindaradisson5231]

Wow, I was shocked when you mentioned Exp Mrs Erdoes and I thought I was the only one investing with her from here😊

[@ashokprasant4137]

​@@lindaradisson5231You don't need to be shock because I'm also a huge beneficiary of Expert Mrs Mary Callahan Erdoes

[@Rockmonsterdude]

Awesome video, BTC is gonna be the digital gold. Gold will still be there, but Bitcoin is gonna complement it :)

[@Lerppunen]

Unlike gold bitcoin has zero uses outside medium of exchange. I don’t think people will trust such a currency any more than fiat. A good money can be used for something other than monetary use.

[@kurthoman242]

You might put on your thinking cap and understand Bitcoin like gold is a good store of value besides being a great medium of exchange. Gold on the other hand is a good store of value like Bitcoin, but unlike Bitcoin it is a lousy medium of exchange. You cannot purchase online using gold, and you cannot make change using gold thus it's a lousy medium of exchange. When someone compares Bitcoin with fiat you are declaring you understand neither Bitcoin nor fiat.

[@bahmak2003]

@@Lerppunenlol a good money is something that’s used only as money!

[@amosnkonyeni4923]

That army of economists, sent all over the world😂😂😂

[@jacksonknox5029]

Awesome!!!🙂

[@liuzhen2008]

=:< how does he only get 16 minutes

[@bernardmailman8018]

Ammous vs. roubini... I will pay for me to see it.

[@andrewyupeng]

In strict bitcoin standard and bitcoin-backed monetary-expansion is in equilibrium, money and everything is denominated in satoshis that have fixed supply. In this case, total amount of capital will be fixed and capital return will be limited, to zero. Lending will stop, because people expect that they will get back no more than the amount bitcoin they lend. Capital lending and investment enable resource allocation across time preferences. This is why gold standard collapsed. If we had maintained gold standard today, i.e., 1 oz of gold and 35 USD are freely exchangeable, are we going to have the entrepreneurial innovation and prosperity that we have today? Why would people deposit gold and loan gold if they knew they are not getting any more back later? Anyone please illuminate this to me.

[@lucieneadg5837]

You can borrow money that you need right now for investing and that I wish to save and pay me interest. I don't see the problem here. Then the market decides of the interest rate, if extra money is in short supply, it costs more to borrow but there is also more incentive to save/lend therefore you get equilibrium.

[@andrewyupeng]

@@lucieneadg5837 1. Capital market is a mechanism of reallocating resources across time and space for individuals and the society as a whole, where the interest rate is a local price of money, as a function of risk. 2. There is a base costs for the transaction of lending and borrowing of money to happen, which relates to information flow, counterparty risks, and administrative inconvenience of transaction process. This base transaction costs of money can be considered as a hurdle costs/rate. The utility of money lenders is the interest rate minus hurdle costs/rate, or the default cash-holding rate, whichever smaller. The default rate here has great implications and is different between fiat system and bitcoin-standard monetary systems. 3. Real interest rate of fix-supplied money is strictly greater or equal to zero, therefore it has a floor effect, censoring the distribution of interest rate to zero at its lower end. With default cash-holding rate as zero, lending will not occur unless the local interest rate is greater than hurdle rate. This is particularly true when the supply of money is greater than its demand, to rich individuals or in certain markets, where the local rate is small. For example, one would rather hold cash in his private wallet where he can access at any moment than depositing it in a bank or lending directly that gives 0.1% interest with financial and political risks. 4. In contrast, real interest rate (nominal - inflation) of fiat is negative as a default, therefore it offers a bigger range in scale as a metric of the price of money than fix-supplied money, as well as a higher gradient of interest to overcome the hurdle rate so the lenders would be more willing to lend. By lowering gthe default cash-holding interest to negative values and adjusting the lower bound of the real interest rate, is the main mechanism by which central banks use to "stimulate" economy, i.e., increasing commercial lending activities and the flow of money. 5. With the presence of hurdle costs (transaction costs, counterparty risk), bitcoin/BTC-standard monetary system with zero default interest rate would discourage lending and stifle economic activities. Despite as a system designed to reduce the costs of trust, the total costs invovled in a bitcoin-based transaction appears to be no less than those of the traditional system. A transaction is always bi-directional in a nature, involving buyers and sellers, lenders and borrowers. A cryptocurrency without full smart contract capability is a unidirectional payment system, and the transaction will not complete without a parallel system to facilitate the transaction, thus a third-party is still needed (such as a centralized platform or escrow to mediate the transaction). Furthermore, on-chain transaction costs is also high, whereas second-layer solution will further introduce centralized parties and trust costs. Even without considering the kinetic obstacles to achieve bitcoin/BTC standard, at its equilibrium state, bitcoin standard incurs high hurdle costs and may be inferior to our current financial system. 6. An ideal version of bitcoin should have minimal transaction costs and smart-contract capability that allows bidirectional transactions without the trust to a third party. Bitcoin SV (BSV) is a version of a bitcoin that is currently developing and evolving towards such ideal form, despite at its nascent state. Such bitcoin will substantially lower the hurdle costs/rate, by minimizing transaction costs, removing trust and counterparty risk. 7. When the hurdle costs/rate under such monetary system approaches zero, it can achieve optimal capital market efficiency, much more than the current fiat systems that rely on centrally-directed money supply inflation, which result in resources waste, price instability, and wealth redistribution towards the rich and all the social issues related to inequality. Only then, transition to a true bitcoin standard globally can become a possibility. Kinetic hurdles are great with the power centers striving to maintain control and status quo, but an intelligent complex system, such as global humanity, with all converging and matruing technologies of information flow and connection, will evolve towards the direction with lowest energy to preserve itself. True bitcoin standard will emerge, evolve and become what humanity deeply desires.

[@andrewyupeng]

8. When bitcoin enables smart contracts (i.e., fully programmable) and has close to zero transaction costs, the economic system will be unlike what we have now. TValue will be easily attached to real-world products and services via token, like stock certificates, points and tickets. As a result, the current debt-based economy will transform to equity-based economy. For example, the mortgage of a house, traditionally borrowing from a bank, can be financed through issuing equity with NFT (for a house) and tradable FTs (shares of a house), then mortgage payment will go to FT holders as rent/dividend payment. Insurance contract accounts, big or small, can also be issued as NFT and FTs, with the market to determine its premium and rate. Old structures and institutions, which consume a great amount of social resources, will become obsolete, the economic machine can function with great fluidity and lower friction.

[@kennethstauffer9220]

nice suit

[@bregjejabra25]

Lol. You made me laugh....

[@djdestroyer]

Who is the smartest Keynesian economist? I'd like to get some solid arguments from the other side.

[@jmf5246]

Ben Bernanke here. Ive seen the light. I was wrong

[@ncpriscilla4081]

When it comes to bitcoin mining Mr Clinton Woods mining is the best so far, can’t stop mining with him

[@chinwendun6401]

what i love most about him is his consistency in making huge profit

[@helenpatrick9594]

Actually i am a newbie and would love to know how to reach a professional bitcoin miner

[@ncpriscilla4081]

@@helenpatrick9594 You can contact Mr Clinton Woods on mail

[@luckyinvestor1036]

I am so thrilled to see other investors of Mr Clinton.

[@Yokopo_]

Usually every comment section on a video about Bitcoin is FULL of 100% pro Bitcoin echoes. It's good to see some dissenting voices for once.

[@sibaroochi]

unless it's a comment that is anti anti-dissent

[@oliverballard8946]

1) The value of bitcoin is denominated in dollars so simply the the largest holders of dollars or credit could easily manipulate its price to give the impression of use. Thus BC currently fails any organic supply and demand analysis. Mises would completely disagree with bitcoin. 2) A deductive analysis of BC would suggest that it is simply a vehicle for large debt holders to shift their debts on to non debt holders. 3) Additionally, BC's origin is still unknown and until it is known an Austrian economist cannot advocate it as by extension, judgements regarding BC based on all* information cannot be made. I don't believe the inception of BC was motivated in any way by Austrian economics.

[@derek.seaborn]

1) You can price USD in bitcoin. Does that mean the largest bitcoin holders can manipulate the USD? You can also price bitcoin in gold, iPhones, lawnmowers, or anything else. There’s a discussion to be had about price manipulation, but it has nothing to do with the asset used to denominate its market value. It says nothing about its supply and demand, nothing at all. 2) That makes no sense whatsoever. Many Bitcoiners have no debt whatsoever. Bitcoin is not debt. Dollars are. 3) It’s “origin” is irrelevant. Yet, it’s origin is not unknown. It’s creator is (pseudonymously). Every aspect of the bitcoin code can be monitored by anyone at anytime. It’s the most transparent piece of software ever created. 4) You’re a charlatan who knows nothing about Austrian economics or Bitcoin. Keep studying.

[@essassasassaass]

well played sir. @@derek.seaborn

[@nathanahtan96]

When you buy and sell bitcoin, don't forget to find some dollars to pay the taxman. It's not possible to be totally free of government regulation, 100% capital gains tax on bitcoin would ruin all the fun. The lasting contribution of bitcoin will be the creation of government crypto and fables of bitcoin billionaires

[@marlonmcgregor9346]

This is actually false liberty reserve allowed u to send money across the world from 2006. I dont understand how he is a expert and im not and I even know that. Liberty reserbe was considered pre bitcoin.

[@ryansansone]

So what happened to it then? It probably got seized because it’s not decentralized.

[@bahmak2003]

Liberty reserve? 😂😂😂 You don’t know bitcoin

[@marlonmcgregor9346]

@bahmak2003 I been using bitcoin since 2010 but go off

[@corto8900]

BTC IS A PONZI, THE IGNORANCE OF THESE SUPPOSED EXPERTS IS AMAZING!!

[@bahmak2003]

😂😂😂 YOU ARE THE IGNORANT!

[@brandonderrick006]

A year later and JPM coin...

[@David-mt1qm]

#deandumb

[@ZomboJoe]

I hope this guy isn't gonna completely fail to understand bitcoin and promote it as sort of digital gold. Fingers crossed.

[@ZomboJoe]

Seems like he completely avoided talking about it. Smart.

[@edwaggonersr.7446]

Bit"coin" is neither a coin nor is it even close to being gold. I'll grant that it is digital. Bit"coin" is not government free, 99% of all transactions are done through exchanges, all of which are government regulated.

[@ZomboJoe]

This is true, that's why with bitcoin cash we're working as a grass roots movement trying to get every day people and merchants to use it directly. So that the volume doesn't come primarily from exchanges and payment services like bitpay, but from direct usage of real goods and services being traded. As austro-liberarians we didn't get on the bitcoin train to get rich quick, we did it so we could end the fed and the endless wars that come with it, to take back monetary sovereignty.

[@bisiriyutajudeen5728]

@@ZomboJoe Yah you're definitely not going to get monetary sovereignty with Bitcoin cash sorry bud.

[@rothbardfreedom]

@@edwaggonersr.7446 You are committing a non sequitur. In no place on the Bitcoin whitepaper or Bitcoin core code exchanges are mentioned. Saying that "Bitcoin is X because it is traded currently traded in exchanges" is like saying that dollars are drug traffic medium of exchange if currently most dollars were used in drug traffic. Bitcoin and dollars are not restricted to exchange and drug traffic, respectively.

[@tankutzongur6521]

Gold standart>bitcoin standart (learn about marginal utility)

[@fabriany]

Bitcoin´s marginal utility > Gold´s marginal utility, so???

[@AleksandrVasilenko93]

Gold standard is government money. It requires the government to maintain the gold standard. Remember 1971???

[@Big-Bubbler]

This is a great talk if it is about the original Bitcoin (now known as BCH (Bitcoin Cash)). Sadly, BTC-Bitcoin development was captured by it's enemies a few years ago. They intentionally disabled it's use as peer-to-peer electronic cash for the world’s people. It can still be used, but, it can't scale for massive use and due to the new owners control of it's code, it can't be trusted. The new owners could change the coin supply, for instance, at a whim. If there goal is to destroy the public's faith in cryptocurrencies, they might do that. I do think they are opposed to the successful creation of any peer-to-peer electronic cash for the world’s people. I believe the speaker is too smart not to see this. I guess the financial incentives from the darkside are too great to allow for opened eyes and speaking the truth.

[@derek.seaborn]

False. BCH is not the “original” bitcoin. BCH is a hard fork (not backwards compatible) of the BTC code. They tried to impose their power over the protocol and changed the block size cap. All other versions of bitcoin core are backwards compatible with previous versions. BCH is not. It’s a different (failed) network. If anyone wants to know more on this topic, check out “The Blocksize War: The Battle Over Who Controls Bitcoin's Protocol Rules” by Jonathan Bier. It’s an excellent book about what occurred during those years and demonstrates just how difficult it is to change Bitcoin.

[@DollarDown]

BTC is NOT Bitcoin. BSV is Bitcoin.

[@tradewizard6192]

cute comment lol

[@ryansansone]

How’s that working out for you?

[@restonthewind]

Bitcoin is far too volatile to be a standard of value for extending credit, and as currently constituted, it always will be. Another cryptocurrency, or a Bitcoin 2.0, might become a standard, but Bitcoin never will. It could remain a vehicle for speculation indefinitely.

[@James-vj5hz]

How is that not purely due to market capitalization? Do you really think that a $10 trillion Bitcoin market cap wouldn't solve this?

[@smashingagent]

It's only 10 years old, but hey ... "it's too volatile and always will be". You sound like a fool.

[@rvahi]

Luckily, bitcoin doesn't need you or your opinion to succeed.

[@BTCNSDAP]

See you at 100k you pathetic peasant

[@cryptomon86]

Sounds like a guy who fomod in at 20k

[@Lerppunen]

Gold standard >> bitcoin standard

[@Randomguydrm]

Why? Btc is more scarse than Gold and is Born to be a extremly Hard currency and its for everybody proofable how much a central Bank has.

[@JoeyJ1984]

The 2 can (and should) work together. You're not going to start carrying around thousands of $ in coins in your pocket are you? How are you going to transact online? Both have their uses and both working together can, potentially, hopefully, be the answer we've been looking for.

[@Bene11660]

@@JoeyJ1984 I agree. They complement each other very well.

[@thobishop6144]

As Saifedean has said in the past, the best way to undermine Bitcoin would be to restore the gold standard. Bitcoin is simply a way of bringing sound money without central banks.

[@Tenebrousable]

We had a gold standard. Government turned it into fiat. The experiment has been ran. The results are in.

[@cryptopriest4723]

The Bitcoin Standard was one of the most boring books that i have ever read in my life.

[@janjansen3163]

Mentioning Austrian school in one sentence with Bitcoin is arrogant and misplaced and an offsnse to the Austrian school of ecomics

[@Cody---]

Why not get the most prominent Austrian in Crypto to give a speech? Roger Ver would be a fantastic guest

[@karlsvensson1766]

He said he have read a lot of economic books but he fail to understand economics. He constantly post fallacies on Twitter for example. He believes BTC only can be valuable if it's fast and cheap to transact in daily medium of exchange which makes no sense realising gold is a trillion dollar market without being used as medium of exchange at all. It's the scarcity that give things value. That's one of the many misunderstandings that misled him to the Bitcoin Cash scam.

[@edwaggonersr.7446]

@@karlsvensson1766 "It's the scarcity that give things value." Mud pies must then be valuable. It is usefulness that gives things market value. Gold and silver have value because they have many, many uses besides functioning as money, both are relatively scarce commodities. Crypto is only as scarce as 1s and 0s.

[@edwaggonersr.7446]

@Burner Fire Why would I need to buy a sofa on the other side of the planet? Even if I did I could use my GoldMoney card. "therefore it is useless to people outside of being a commodity." Yep, gold is a commodity; a commodity that has thousands of uses. Do you have a clue as to how foolish you seem? Probably not.

[@gwarkan]

Roger Ver is a con-man posing as a libertarian. Most prominent Austrian... LMFAO! What are his credentials? What has he contributed intellectually? He's a spoiled bitch boy that got lucky and bought a lot of bicoin when it was really cheap.

[@Tenebrousable]

@@edwaggonersr.7446 It's easy to make more mud pies, that's why they aren't scarce, nor valuable. It is impossible to get more bitcoin than the network allows. You can copy the bitcoin, you can't copy the network that offers the security in that scarcity. GoldMoney is fine (untill government confiscates it), but billions of people don't have the same access to it, that they have to bitcoin.

[@bobsmith2886]

Bitcoin is an even bigger bubble than the stock and bond markets.

[@Bene11660]

Not any more than gold.

[@thobishop6144]

This is a very bad take.

[@bobsmith2886]

The cryptocurrencies used in the future will be FED, BIS, US, Russia, China, IMF or World Bank coins. Anyone who thinks Bitcoin is going to be the crypto of the future is an idiot

[@murat9268]

@@Bene11660 Gold price of Hamburger is nearly same. Is it problem of dolar or gold? Manipulation of markets are so widespread, people cannot recognize one. Mt Gox manipulation is well documented. Same goes with gold manipulation. Nixon makes similar event. Problem is not gold or bitcoin, it is dollar and other currencies...

[@Tenebrousable]

@@bobsmith2886 Anyone who thinks Centralized institution will make a cryptocurrency with fixed supply, is an ignorat fool. Anyone who thinks that, a money with infinite supply, will be more succesfull than one with a fixed supply? Is completly economically illiterate.

[@doubleslit3389]

Right wing kook-

[@matthias5617]

this guy has no clue what he's talking about: btc (bitcoin core) is completely unusable (unlike gold) and will implode to zero. there are promising cryptocurrencies out there, though.

[@Randomguydrm]

There is like no Argument here. Why will it go to 0? Why is Gold ultimatly better?

[@MrIntermilan17]

You get rekt with bcash Matthias haha

[@BitcoinMotorist]

I will stop calling your fiat trash BCash if you stop calling Bitcoin "Bitcoin Core"

[@dkpokiralala7018]

Monero btc and ravencokn

[@charonaplutoni9143]

Completely unusable? Yet many many people, including me, use it every day.