teachin_bitcoin on Nostr: ...
Dad: Son, is the Bitcoin price artificially suppressed?
One Bitcoin should already be worth many times more, as rare as Bitcoins are.
Son: Hi Dad,
Yeah, buy as much as possible of the artificially low-cost asset, and move it off the exchange into cold storage.
They may be able to delay the death of the dollar, but Bitcoin's settlement properties make this type of attack impossible to win.
The question is not "if", but "when".
Dad: At the same time, one Bitcoin is already so expensive that it will be impossible for most to own a whole coin.
#Bitcoin
Published at
2024-09-18 13:19:55Event JSON
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"pubkey": "e0893162d4045dd1113c6e1c29f70c47bb7461abed042b6c33308fe7d96d2502",
"created_at": 1726665595,
"kind": 1,
"tags": [],
"content": "https://www.teach-me-bitcoin-son.com/media//generated/is-the-bitcoin-price-artificially-suppressed.png\n\nDad: Son, is the Bitcoin price artificially suppressed?\nOne Bitcoin should already be worth many times more, as rare as Bitcoins are.\nSon: Hi Dad,\nYeah, buy as much as possible of the artificially low-cost asset, and move it off the exchange into cold storage.\nThey may be able to delay the death of the dollar, but Bitcoin's settlement properties make this type of attack impossible to win.\nThe question is not \"if\", but \"when\".\nDad: At the same time, one Bitcoin is already so expensive that it will be impossible for most to own a whole coin.\n\n\n#Bitcoin",
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}