BTC

brad06060

When Bitcoin dropped to 16000 I bought 5.3 BTC from unchained capital with some of my IRA from an old job. I'm pretty happy with the service. 250 a yr for them to manage taxman bs. I do worry about tax consequences from it not being purchased from Roth account. But so far so good

Mrgod2u82

At this point I'd have to say how much USD I'd need. It's a short term goal and, despite being bullish on BTC, I wouldn't be able to afford losing it all in the middle of nowhere with my family aboard.

go2lumbridge

Go to Www.Pricedinbitcoin21.com Look at the chart of average home v BTC

Toody4

Yeah but what I’m saying is that converting from XRP to BTC will end up with the same fees as just sending from BTC

Satsmaker

The problem is not volatility because in general you gain purchasing power with bitcoin and lightning is perfect for days to day transactions I have used it many times. Tax on capital gains for buying a coffee in BTC that I paid tax on with income I have been taxed on! it is just way to many taxes

Short_Term_Account

Don't you see it? Gimme your BTC for my usd, in the long run, we will own all your BTC.

LoquaciousLethologic

Pretty sure he said 4 mil BTC and that the actual goal is to hold as much Bitcoin in worth equal to the amount of gold the US government already holds and that he believes the government should not be selling either one.

el_rico_pavo_real

Sooooo is nobody going to discuss Edward Snowden’s keynote at the BTC Conference?

kdoughboy12

It's true that some people are using it as currency, but it is very far from being implemented on a larger scale. The BTC network can only handle about 7 transactions per second. Visa can and does handle thousands of transactions per second. Also the fees for processing a Bitcoin transaction are not fixed, they change based on network usage. Do people want to pay more in fees just because the network is being used? And the price is way too volatile for it to be used as a currency. Most people are not gonna want to keep a large part of their savings in Bitcoin if it's going up and down in value. Plus there is currently no infrastructure to support using Bitcoin as a payment. Most places don't accept Bitcoin, and if you're using your "currency" (Bitcoin) by converting it to the more widely accepted currency (USD) and then completing the transaction after the conversion takes place (which is how Bitcoin credit cards work), then that is not a true representation of using Bitcoin as actual currency. A lot of things need to happen before Bitcoin is truly used as a currency (if it ever is). I think one of the biggest hurdles would be upgrading the code so it is able to handle at least 2000x more transactions without sacrificing security. Also somehow ensuring that fees are more fixed so someone doesn't end up spending $20 on a $3 purchase.

fanalis01141

I already told her that BTC has its ups and downs. And, again, it is a cycle. If it goes down, then it is much better to buy more at that price. ;)

honest_truth_sucks

Bad idea.. if BTC has a down year.. which happens every cycle she will hate you deep down which WILL cause the relationship to fall apart. Don’t talk anyone into investing.

nothing2Cmovealong1

This kind of support is great for broader adoption. I would rather see this type of pro-BTC political rhetoric vs Sen Warren & SEC's anti-crypto crusade. Executive orders are not laws, they sound great, but they are easily reversed by the next administration. We have seen this over and over. I do applaud his pro-crypto stance. Unfortunately, I doubt it will make him a viable contender in the election cycle. I do think it is very bullish.

the_lone_unlearned

Isn't RFK an anti-vaxxer? So yes, he is absolutely a joke. Anyone who can't even come to grips with basic science and medicine is a joke. RFK may be alright on BTC and perhaps some other issues, but he's a straight up conspiracy theorist on other stuff so he's a pretty damn terrible political candidate. Also Trump absolutely did do something about "the swamp", he dove into it, dragged all his corrupt cronies and family into it to make it 100x worse than ever and declared himself king of the swamp. I'd call that doing something. Just wasn't anything good, but Trump hates goodness so that ain't surprising.

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poisito

Well, you are not buying BTC if you buy an ETF.. you buy a product that pairs somehow with the price of BTC, minus fees… that will probably be lower than transaction fees in 5-10 years .. I personally believe that it’s a good decision to have a BTC ETF in a Roth … I’m sure that in risk adjusted basis over time , it’s safer than to hold your coins on a HW wallet for 99% of people

el_rico_pavo_real

The chart will reflect the anxiety, excitement, disappointment, greed, fear and neuroticism of the market tomorrow. The whole Trump thing will just be weird on the chart. Maybe i’m wrong, but this is a bizarre moment in Bitcoin history and the BTC chart should be interesting as a result.

-reddit-online-

Ira was all GBTC. Bought heavily when the discount was about 50%. When the conversion happened sold that for IBIT to save on fees. Then May 1st when MSTR corrected hard I sold IBIT and went all in on MSTR. I did this in my cash account too. So I am 75% self custody BTC 25% MSTR between the 2 accounts. Thought about a bitcoin ira once but it seemed expensive and i worried about counter party risk. Everything is safe to use until it isn’t.

snakesbbq

Any place the accepts BTC also accepts LTC. No legal venders accept Monero.

wazoo_68

Are you referring to [this post](https://old.reddit.com/r/Bitcoin/comments/1e64cor/daily_discussion_july_18_2024/lds3jwo/)? > I sold my position today. I will buy again at either a lower price or the price I sold at. Wish me good luck! > edit: My account got a site-wide permanent ban again a moment ago, just a day after getting it back from a multi-year ban. > However, reddit for some absurd reason allows a banned account to edit its existing comments while disallowing it from posting new comments, so I'm editing this comment to post my [results](https://imgur.com/a/Ey17wot) in this comment as promised. > I will likely not be coming back to reddit again unless they restore my account and get rid of their extremely unreasonable rules that led my account to this ban. So thanks for all the wishes for good lucks, insults, downvotes and upvotes, everyone. Wish you all good luck in your investment/trades! Dude bought 0.36 BTC at ~63.8K, then sold at ~$64.8K hoping to buy back in lower 🤦🏻‍♂️

CointestMod

#Ethereum Pro-Arguments Below is an argument written by Nostalg33k which won 2nd place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ​ > > # Ethereum: Use-case driving value > > Ethereum is a very valuable Blockchain. This blockchain is driven by innovation and utility. To understand what makes Ethereum such a valuable eco-system we need to discuss the inner-working of Ethereum. > > # Introduction: Ethereum explained > > According to [Ethereum.org](https://Ethereum.org) : > > >What is Ethereum? > > Ethereum is a technology that's home to digital money, global payments, and applications. The community has built a booming digital economy, bold new ways for creators to earn online, and so much more. It's open to everyone, wherever you are in the world – all you need is the internet. > > So the topic driving this discussion is badly worded. If we are discussing top coins then we should discuss Ether and not Ethereum. Since Ethereum is such an interesting ecosystem I will treat this argument as a pro Ethereum post. I'd love to see the discussion focused on Ether next time. > > Ethereum is not managed by a single entity nor managed by the Ethereum Foundation but is managed through a decentralized process explained [In their governance page](https://ethereum.org/en/governance/). > > Time for some metrics: Ethereum is currently trading north of 1750 $ and has a circulating supply of 122 millions ETH for a Market cap at around 218 billions > > Let's go back to the quote: "Ethereum is a technology that's home to digital money". This point is important. Ether is not the only coin which is using the Ethereum blockchain. A lot of value on the Ethereum Blockchain is not in Ether coins. This will be discussed further down. Ethereum is also home to global payment, so Ether and other cryptocurrencies can be used to settle transactions between P2P in a permissionless way. > > Applications called Dapps exist on the blockchain. We are going to discuss all of these aspects. We are also going to tackle NFTs on the Ethereum Blockchain. > > Ethereum is also completed by L2s. These are going to be mentioned. > > Ethereum has been switched from POW to Asic resistant POW to POS. These are going to be discussed. > > ​ > > # Ethereum: Home to digital money. > > Ethereum strength is that the blockchain is home to many cryptocurrencies. If gas fees are paid in Ether, many tokens have billions circulating in the Ethereum ecosystem. A quick look at Etherscans reveal how strong the ethereum ecosystem is. > > According to [EtherScan](https://etherscan.io/tokens) the blockchain has 40 Billions $ in USDT, 46 Billions in USDC and 7 Billions $ in Wrapped BTC. The market cap of Ether may be around 200 billions but the on chain value of assets in the Ethereum Blockchain is far higher. > > All of these USDT and USDC are stablecoins which can be used for transactions. In fact, it can be used for P2P transaction in a permissionless way but also to buy stuff from businesses. [Here is a list of business accepting USDT (which exists in the Ethereum blockchain)](https://nowpayments.io/blog/businesses-accepting-tether) and [Here is a list of business accepting directly Ethereum](https://www.analyticsinsight.net/top-10-companies-accepting-ethereum-as-a-payment-method-in-2022/) > > These classical transactions are not the only use of the Ethereum Blockchain: Dapps and NFT are also thriving ! > > # Ethereum: Home to dapps and NFTs > > Ethereum is home to a lot of different applications: Marketplaces, exchanges, defi, wallets, games... > > These application are different because they are called dapps: > > >A decentralised application (DApp,\[1\] dApp,\[2\] Dapp, or dapp) is an application that can operate autonomously, typically through the use of smart contracts, that run on a decentralized computing, blockchain or other distributed ledger system.\[3\] > > [Wikipedia Dapps](https://en.wikipedia.org/wiki/Decentralized_application) > > To give a glance to these dapps you can head to this website tho be wary of the first dapp listed being an advertisement for shady businesses (I haven't found a better website to source dapps) [Here you go](https://dappradar.com/rankings/protocol/ethereum/1) > > While I don't believe in the current state of NFT technology being viable (See my write up in favor of NFT speaking about the future of this technology), we have to take into account that even after losing 60% of their value there is still 3 Billions USD in NFTs in the Ethereum Blockchain [Source](https://cointelegraph.com/news/ethereum-nft-collections-lost-nearly-60-of-their-market-cap-in-2022-report) > > # Ethereum: Layers of goodness. > > Ethereum can be a bit expensive for people, this is why it was layered. There are side chains existing just to be cheaper than Ethereum while offering bridges to and from Ethereum. For example Polygon. > > >Polygon is a Layer-2 scaling solution created to help bring mass adoption to the Ethereum platform. It caters to the diverse needs of developers by providing tools to create scalable decentralized applications (dApps) that prioritize performance, user experience (UX), and security. > > So if you want to be able to evaluate Ethereum you need to go and read about the biggest layer 2 pro and cons. > > [A small list of Ethereum layer 2 given by Ethereum.org](https://ethereum.org/en/layer-2/) > > # Ethereum: Evolve to thrive > > Ethereum has been a rapidly evolving ecosystem. It has seen the evolution of mining from GPU to Asic. In order to not become reliant on Asic mining, Ethereum was made Asic resistant. This created other problems: A pressure on the GPU market but also a concern for energy efficiency. In order to improve the footprint but also reduce the fees, Ethereum was made to transistion from POW to POS. Proof of stake is a protocol in which you need to stake coins to run a node in the network. > > This shows an ability to look ahead and to tackle challenges. > > # Conclusion: Ethereum is a rapidly evolving ecosystem which has a lot of value in it. Since Ether is their native coin, all of this impacts Ether's value. > > This is where we go back to the TOP COIN aspect of this write up. Everything I have said has an impact on the value and use of Ether. If you believe in the future of the Ethereum Blockchain, you can go ahead and look a bit more into Ether. If you don't believe in the Ethereum Blockchain then you should try to find a competitor. > > Just know that Ethereum is trying to become deflationary and that their economic outlook seems on par with good cryptos. > > Ethereum is one of the techs of the future and this essay has shown some of the most important aspects of it. > > Have fun ! ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p71b/top_coins_ethereum_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

CointestMod

#Bitcoin Con-Arguments Below is an argument written by a deleted user which won 1st place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ####**Intro** > > Overall, Bitcoin's conservative blockchain has failed to keep up technologically with other blockchains. Bitcoin is currently #1 not due to better design, but because it had a first-mover advantage. But how long will that hold? > > Bitcoin is a gateway cryptocurrency. Many crypto enthusiasts often started out with Bitcoin and then branched out. Once you've had a taste of newer, faster networks that offer delectable DeFi dApps and smart contracts, it's hard to go back to slow, boring old Bitcoin. > > ####**Bitcoin doesn't excel at anything** > > **Poor Medium of Exchange** > > Bitcoin is much too slow. It has a max throughput of **3-4 TPS** that takes **30-60 minutes for probabilistic finality**. It used to have a max throughput of 7 TPS, but that has gradually fallen over the years after exchanges started using batch transactions. It's much too slow to be used for point-of-sales merchant transactions. No one is ever going to want to **wait 30-60+ minutes** at a cash register for a transaction to go through. Block times average 10 minutes, but they are very variable. 14% of blocks take longer than 20 minutes, and 5% are longer than 30 minutes [[Source](https://bitcoin.stackexchange.com/questions/25293/probablity-distribution-of-mining/43592#43592)], causing stress for those waiting for confirmation. And if there's congestion, some transactions can get stuck in the mempool for hours or days. > > It's orders of magnitude slower than newer networks like Polygon PoS or Algorand, which can [process 4000+ TPS with sub-4s of deterministic finality](https://developer.algorand.org/docs/get-started/basics/why_algorand/), with transaction fees well under a penny. > > Even TradFi now has payment systems like Africa's M-Pesa, UK's Faster Payments, Australia's NPP, the US's upcoming FedNow, and Clearinghouse's RTP, which provide **near-instant** payments and peer-to-peer transactions **without fees**. > > **Unstable Store of Value** > > Bitcoin is too volatile to be considered a stable Store of Value. It lost up to 80% of its purchasing-power during previous bear markets. It's also NOT a good stock market hedge since it often moves with the stock market. > > **Lacks smart contracts and DeFi** > > Bitcoin doesn't support DeFi smart contracts with its very basic Bitcoin Script. There are smart contract protocols that use Bitcoin like Stacks, but they are very disconnected from Bitcoin. > > ####**Difficult to achieve widespread global adoption** > > At 4 TPS, Bitcoin can only make ~345K transactions/day. There are ~8B people in the world today. If Bitcoin grows to the size of 1% of the population, each person can make an average of 1 on-chain transaction every 230 days. **If Bitcoin usage grows to 10% of the population, each person can make an average of 1 on-chain transaction every 6.3 years.** To achieve 10% world adoption, everyone would need to solely be using centralized exchanges and not interacting directly with the blockchain itself. > > ####**Issues with the Lightning Network** > > **Not even the Lightning Network could save Bitcoin** because opening and closing a channel requires 2 on-chain transactions. Whenever the directional capacity of a channel is exceeded, it will need to be rebalanced, or be closed and re-opened. You can't expect people to store months of funds on a single channel. Half of the US is living paycheck to paycheck and would unlikely be able to keep channels open for long periods. If even 1% of the world used the Lightning Network and opens/closes their channels twice a year, the Bitcoin Network would become completely congested. > > **Not a true Layer 2** > > Similar to Plasma channels, **the Lightning network is not considered a true Layer 2 because it lacks global state.** There are many nodes that are not connected to the rest of the network, and onion routing issues can cause nodes to be disconnected from the rest of the network. **Channels only work if everyone's online.** If you're offline, others can force-close your channel, leading to a 1-week wait time where the channel's funds are locked and inaccessible. > > **Meant for small transactions** > > Lightning is optimal for small transactions. The larger your transaction, the higher the fees you have to pay to route it through the network. As of March 2023, the [average channel capacity](https://1ml.com/statistics) is only 0.07 BTC, and the average node capacity is only 0.33 BTC. It's not uncommon for a large 1-BTC transaction to cost $2-10 in fees to route through multiple nodes in the Lightning Network due to limited channel capacity, which can make it more expensive than L1 Bitcoin fees. Also, the total value stored on public Lightning channels account for under [0.02% of Bitcoin's total locked value](https://1ml.com/). > > **Partially-centralized, low-security layer** > > Most people just connect to centralized nodes in a spoke-hub network topology to gain access to high-capacity nodes. Even though [average capacity is getting bigger](https://bitcoinvisuals.com/ln-capacity), the [number of public channels has been on the decline since 2021](https://bitcoinvisuals.com/ln-channels), meaning that Lightning is becoming more centralized. > > **Channels require rebalancing** > > One of the biggest problems with opening channels is that they **start out with zero incoming liquidity**. Anyone who opens a channel starts out with a metaphorical "full cup of water". They can't receive any more water until they first empty the cup a little. And they can only receive additional water equivalent to the amount they removed. Similarly, people who open new channels to the Lightning network need to find a way to spend their Sats safely so that they can have incoming liquidity. Merchants and Lightning node providers often have a lack of incoming-liquidity while consumers who only spend usually run out of outbound liquidity. > > There are ways to rebalance your channel capacity, but it usually costs money to pay for a service to provide that liquidity, and it can be as expensive as a $1 fee per $1000 of liquidity. > > ####**The disadvantage of soft forks** > > The major downside of Soft forks is that they require new versions of the software to maintain backwards-compatibility with older versions, which leads to **technical debt**. This significantly slows down the adoption of new updates, which now often take 3-6 years to gain the majority. > > Due to its soft forks, the Bitcoin network has to maintain a mismatch of all sorts of different address formats: P2PK, P2PKH, P2SH, P2MS, P2WPKH, Nested P2WPKH, P2PKH, P2WSH, and P2TR. At the start of January 2023, [only 1% of transactions were using Taproot-compatible addresses](https://transactionfee.info/charts/inputs-types-by-count/) while 65% were still using inefficient legacy addresses from before 2017. > > **Almost no one is using addresses newer than the 2021 update because none of the major CEXs support them**. Most exchanges (Binance, Coinbase, Kraken) [don't support Bech32m addresses](https://en.bitcoin.it/wiki/Bech32_adoption#Exchanges), which means they still can't send to Segwit v1 and Taproot addresses, despite that it was [an update from 2021](https://bitcoin.org/en/releases/0.21.1/). > > In comparison, networks that hard fork for protocol updates don't have these incompatibility issues between versions. Everyone is working on the same version, which allows for consistency. > > ####**Extremely inefficient and wasteful** > > To protect against Sybil and 51% attacks, Bitcoin's PoW consensus achieves greater security through greater **redundancy**. Out of a million miners, only one of them is producing the actual block while the rest of them are just wasting energy and electric waste. Full nodes also hold redundant copies of the blockchain ledger, leading to wasted storage. > > In 2022, each block cost roughly $150-250K in energy to mine, which is equivalent to $80-120 of fees per transaction. The total Bitcoin network energy consumption of ~150 TWh/yr is equivalent to [**18-24 US nuclear power plants**](https://www.energy.gov/ne/articles/5-fast-facts-about-nuclear-energy). Another way of looking at this is that Bitcoin consumes about as much energy as all data centers globally [[Source](https://digiconomist.net/bitcoin-may-consume-as-much-energy-as-all-data-centers-globally)]. > > In comparison, other distributed consensus methods such as BFT are [10^7 x more efficient for energy use](https://link.springer.com/article/10.1007/s12599-020-00656-x). There is a silver lining: the energy waste (and security) will slowly decrease with each block subsidy halving, at the cost of decreased security. > > ####**Mining Pool Centralization** > > **The top 3 mining pools own 66% of the network hash rate** [[Source](https://btc.com/stats/pool)]. Individual miners have no financial incentive to run full nodes, so it's rare for them to be auditing their pool operators and won't notice attacks until it's too late. > > This could be fixed with **Stratum v2**, but that's not available yet. And we don't even know if mining pools will enable the configuration ... ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p7u8/top_coins_bitcoin_conarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1ed2tsy/daily_crypto_discussion_july_27_2024_gmt0/).

CointestMod

#Bitcoin Pro-Arguments Below is an argument written by a deleted user which won 1st place in the Bitcoin Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **First-Mover Advantage and The Network Effect** > > Bitcoin is currently the most popular cryptocurrency and market cap leader by a long shot. The [Bitcoin dominance chart](https://www.coingecko.com/en/global-charts) shows that Bitcoin represents 60% of the entire cryptocurrency market cap. This has increased from 40% in 2020. > > Bitcoin is the **gateway**. People start out with Bitcoin before checking out other cryptocurrencies. They're likely going to keep holding any Bitcoin they bought along the way. > > People will flock to whichever product has the largest user base. For half a decade, Bitcoin was almost synonymous with cryptocurrency. The Network Effect creates a **positive feedback loop** and makes Bitcoin's lead grow even more. > > If Bitcoin, Bitcoin Cash, and Litecoin were all released simultaneously, Bitcoin would lose to its PoW competitors because its competitors have cheaper fees with higher throughput. But the reality is that Bitcoin's first-mover advantage gave it such a huge head start that the others can't catch up. > > **Has the largest block reward for security** > > Due to its high price, Bitcoin has a huge [block reward of 6.5 BTC](https://www.coingecko.com/en/coins/bitcoin/bitcoin-halving) (halves every 4 years) or ~$180k per block. This gives it the security lead because its block reward is so much bigger than other PoW cryptocurrencies, which attracts more miners. > > **Anti-censorship** > > Bitcoin provides partial censorship-resistance against sanctions and totalitarian government restrictions. It's much harder to prevent Bitcoin transactions than it is to prevent financial transactions at a centralized bank. [Legal sex workers](https://www.theverge.com/2021/8/24/22639356/onlyfans-ceo-tim-stokely-sexually-explicit-content-ban-banks) (e.g. Onlyfans) and [marijuana industries](https://www.leadingretirement.com/blog/cannabis-banking) are blocked from using traditional financial services due to social stigma. Even though they can operate legally, many TradFi banks avoid operating with them. Bitcoin provides those workers a way to transfer funds around that censorship. > > **Avoids Hyperinflation**: As long as governments keep causing high inflation through money-printing, people will run to Bitcoin for safety, which pumps up Bitcoin's price. > > **Considered a commodity by both SEC and CFTC**: Bitcoin is the only cryptocurrency that both the SEC and CFTC have openly agreed is a commodity. And the CFTC is much less lawsuit-happy than the SEC. > > **Legal tender**: El Salvador has shown (despite some technical mishaps) that Bitcoin can be successfully used as legal tender for a country. > > **Ordinals provide utility** > > Even though Bitcoin Maxis hate Ordinals, this new protocol gives utility to Bitcoin and adds demand. NFT bros are using it as an **on-chain data storage layer** for their own blockchains (e.g. Ethereum, Stack). This has an advantage over IPFS since IPFS is stored in centralized databases instead of on-chain. > > This generates more fees for Bitcoin miners. Transaction fees have finally [risen to ~20 sats/vByte](https://mempool.space/graphs/mempool) on days with high Ordinals activity like Mar 22-24. This gives hope that there may be sufficient demand for Bitcoin as an on-chain data-storage layer even after the block subsidy eventually disappears due to halvings. > > **Pseudonymous**: Bitcoin's UTXO transactions can provide moderately-high levels of obscurity. A single wallet can produce a near-unlimited amount of addresses, and there's no way to link them unless they interact with each other. It's much harder to trace UTXO-based wallets than Account-based wallets because the former creates new UTXO addresses with each transaction while Account-based blockchain wallets typically reuse the same account. > > **Lightning transactions are near-instant and cheap** > > As long as you're spending small amounts of Bitcoin, you can use the Lightning network to make near-instant, sub-$0.01 transactions. Many Lightning nodes for merchants are connected to 3rd-party services that convert between cash and Lightning, making it easy to transfer Bitcoins. Consumers usually don't have to care about rebalancing issues since they're only spending small amounts. > > And the [total capacity of the Lightning Network](https://bitcoinvisuals.com/ln-capacity) in BTC keeps increasing steadily. > > **Cannot be counterfeited**: Cash can be counterfeited, but you can't fake Lightning transactions. Merchants have to deal with counterfeit cash in many markets around the world. > > **Bitcoin has a very strong community of die-hard supporters** > > A huge portion of Bitcoin supporters have become Bitcoin Maxis who will keep spreading their arguments, regardless of accuracy. Because Bitcoin is a gateway cryptocurrency, crypto newbies will encounter it first and gobble up these narratives because they don't have the experience to know their flaws. And they're very convincing when you keep repeating them in an echo chamber: > > * Maximum supply cap of 21M BTC vs Fed's money printer > * Amazing past-performance gains vs fiat > * Works as Store of Value (despite volatility) > * Had a "fair launch" without an ICO > * Is not a risky altcoin > * Is decentralized (based on largest number of miners) > * Has instant payments via the Lightning Network > > **Ultimately, people are mainly using crypto for speculative investing and long-term Store of Value. Most people don't care about technology, Defi, or utility. Thus Bitcoin is sufficient for their investment needs.** > > And since cryptocurrency value is largely based on a Keynesian Beauty Contest (i.e. you buy not based on your own value, but on what you think others are going to buy), people are going to keep buying Bitcoin as long as the investment narrative holds. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p7vq/top_coins_bitcoin_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds.

CointestMod

* Relevant Cointest topics: [Bitcoin Cash](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_bitcoin_cash), [Litecoin](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_litecoin), [Lightning Network](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_lightning_network), [Proof of Work](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_proof-of-work), [Taproot](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_taproot) * Official and related subreddits: r/Bitcoin, r/BitcoinMarkets, r/BitcoinMining, r/BTC, r/BitcoinCash. * Sort comments as controversial first by [clicking here](/r/CryptoCurrency/comments/1ecs6vf/michigan_pension_fund_invests_66_million_in/?sort=controversial). Doesn't work on mobile.

millennial-snowflake

Well 🥭 speaks later today to close out BTC 2024. Now let's all just hope he actually talks about Bitcoin...

Panchood

I think if people were more aware of accumulating stats rather than focusing on the single coin price I think people would have a healthier view and more confidence putting money in BTC.

HauntingBrick8961

$68k seems tough to break through. Also miners have stopped selling. the BTC reserve for miners has shot up heaps last few weeks

ccModBot

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RandoStonian

Crypto tracking software can follow that stuff for you automatically. Personally I used the 'every transaction is taxed' with the 'no wash sale rule' element so that every time I bought groceries spending BTC with a Coinbase debit card, the software would go "He just sold the most expensive units of BTC he every bought... for a tax deductible loss" -- even though the BTC units were instantly replaced.

Any_Brother2570

I’ve got popcorn with butter. Selling it for 1 BTC per bag if anyone wants 

GreenStretch

Yeah, but if you're in a developed country, it makes sense to do all the normal fiatworld retirement planning and have BTC as a separate store of wealth.

LionRivr

I get that this guy is unlikable. But if he thinks USA would be better off if it empowered itself by accepting BTC and adopting it as potential backing for currency, then I wouldn’t mind if he keeps talking about it. Maybe that type of content isn’t designed for us, but there are others out there that are willing to listen. Who are you to gatekeep? If that’s not positive idk what to think. Maybe i’m misinformed. Idk. Someone correct me.

poopshipdestroyer1

Why should they? So the government can buy more bombs? Taxes are bullshit. And the govt will fight BTC until they lose the battle, then want a piece. Fuck em. It's laughable they want a piece of marijuana sales now. What? After you put thousands of people in jail for decades? And now it's cool to get your piece?

madhawk1

So he doesn't own any BTC and doesn't understand why we need it.... great.....

Smoking-Coyote06

She needs to! I'm hoping she's "young" enough to get on the BTC train and get the Dems together to get behind this movement. No reason to give it to the Republicans only. Tell Warren to get outta here!

TangerineOk9618

Love BTC but Russel Brand sucks

kdoughboy12

It's too far from adoption as a currency to be thinking about that. Also the price is way too volatile for it to be used as a currency. If that does become feasible at some point, then it could be treated as other foreign currencies. Personal transactions with minimal gain or loss are not taxable, but people trading it for profit (similar to forex) would pay taxes. It's highly unlikely that there would ever be a blanket rule of zero tax for any sort of conversion of BTC to USD.

Mwvhv

he's making BTC community look like wingnuts, I don't want him to have any association with me or btc

LrnFaroeseWthBergur

Now I'm thinking about how they make money and how they probably borrow against it as a hedge against hyperinflation. I dabbled with Raspberry Pi way back, tried to create a magic mirror. A comment I saw about hyperinflation made me want to have three rows of running charts on a magic mirror in my bedroom: 1: Crypto (BTC;ETH)/(USD;DKK) ETH/BTC 2: Forex (USD;EUR;RMB;PHP)/DKK 3: Commodities Gold/(USD;BTC) Prices of 20 most common household staples in nine different countries In short, everything I need to know in order to figure out if I can actually buy more bread and butter for my BTC than I could when I bought it for the fiat I bought it with.

ProgrammerNo4662

Becareful with the scammers! Buy your BTC and send it directly to a trustable hardwallet.

generiatricx

Now, i'm sure google emploiyees *themselves* own BTC, but not the company / entity itself.

dlm83

I’m not a purist and wasn’t sharing an opinion, I just chimed in with a joke ;) Making as much money as you can sounds logical to me, I’ve had better % returns from MSTR than BTC, BTC is in front in terms of $ returns because I invested more in it, longer ago. I pretty much only buy the proxies via my tax advantaged accounts these days, being happy with my “pure” BTC holdings. I just want to get laid like I was 21 again and never work like I was 17 again, ya know?

MooseLoot

Why wouldn’t you have 9.95M in BTC and some cash to cover all your fiat expenses, including a down payment to your lawyer?

Annual_Juggernaut_47

RFK - 4 million BTC reserve by buying 550 per day starting first day of presidency and keeping the 220k already held. No taxation on BTC transfers between USD. 🔥

Nats57

Is it worth having one, or would it make more sense to have a roth ira and invest in a BTC etf through it like Ibit or Grayscale etc.

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ScoobaMonsta

This statement is SO wrong. I've been in Monero since 2016. I accumulate it, I mine it, and I use (spend) it. Does its value increase like BTC, no. But does it hold its value, yes! Monero is fungible money. Its designed to be used. You can absolutely store your wealth in Monero over time safely! Much better keeping your wealth in Monero than keeping your wealth in fiat!!!

analogOnly

Look into OpenDime they make it so you have to physically alter the device to get at the private key. This secures physical transacting of BTC.

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LrnFaroeseWthBergur

Feeling more and more convinced that there's no reason to panic. Yesterday, I saw the dip and I thought to myself how wonderful it is that I chose to focus on BTC and ETH and how I knew it in my stomach brain that we would be back, especially BTC, within a week. It seems like those dips are completely harmless, it's just the big boys squeezing those who try their luck with leverage thinking they're too smart for stop-loss.

eye_need_a_dolla

Exactly, if the US gov't is discussing BTC and their financial interests this is far from immaterial. Gradually the suddenly!!

Equal-Reindeer-3733

I gotchu Just my opinion, but I think it’s highly likely Trump flipped pro BTC to gain potential votes from RFK voters, since RFK has been pro BTC, spoke at BTC conf 2023 last year, etc Genuinely just wanted to hear your thoughts, thanks for sharing!

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itwasallagame23

Not the biggest endorsement for BTC having a person like RFK say this.

TheModernJedi

Smash buy lump sum. Dump fiat into BTC asap. Or wait for red days. But yeah.

redhtbassplyr0311

Bet 10 BTC he won't....... because he won't be the next president

the_lone_unlearned

Well thats because it is BTC. LN literally uses bitcoin. LN channels are just a type of bitcoin transaction, and LN defines a protocol to use those specific type of bitcoin transactions to create a network "on top of" Bitcoin. But it's all BTC. Just the same as whether you send dollars over Venmo or wire dollars to someone, it's all dollars, you're just using different payment layers to transact.

the_lone_unlearned

Well thats because it is BTC. LN literally uses bitcoin. LN channels are just a type of bitcoin transaction, and LN defines a protocol to use those specific type of bitcoin transactions to create a network "on top of" Bitcoin. But it's all BTC. Just the same as whether you send dollars over Venmo or wire dollars to someone, it's all dollars, you're just using different payment layers to transact.

Fahhhhhhh

-All government Bitcoin designated as a treasury reserve day 1 - USA buys 500 Bitcoin a day till they reach a reserve of 4 million bitcoin -No taxes on capital gains or reporting of any exchange of USD and BTC Got my vote

harrumphx

I have a buddy who seems to understand, but is all hung up on diversification and not having more than a few percent in any one investment. So he's got his 0.1 BTC and won't consider getting more. I've stopped mentioning it.

jengert

Pay future ransoms? I hope I'm wrong. It seems urgent if they sell sock in order to stockpile some BTC.

Double-Tap9336

This is exactly what the open dime was created for. Physically exchanged BTC.

read_it_mate

You really think Google doesn't own any BTC in 2024

Justintimeforanother

Depending on how long the sentence is, just wait it out. I’ve actually paid lawyers after release with BTC profits. First time ever, I needed to dip into my savings. price jumped enough that I straight up took that profit to cover EXACTLY my legal bill. Immediately. This is the hedge.

MakeLTUGreatAgain

ETH didn’t reach their past ATH too, every coin eventually goes downwards against BTC

EarningsPal

Is it a matter of Time or Price for most Buttcoiners to convert to Bitcoin? Will $1,000,000 per BTC be the price that it’s no longer called names in that sub and keeping people just watching, hoping it crashes and never recovers. Or Or +10 years; BTC existing for over 25 years at 21 million. Is that enough Time to silence Naysayers?

DanFran81

Looks like the appearance of Celine Dion has pushed BTC above the 68k mark.

JustAGuyTrynaSurvive

I'm HODLing until I have enough to retire comfortably. When BTC hits $500k a coin, I sell half, put the proceeds into a safe fiat investment returning at least 7%, which gets me at least ten years down the road. When that fiat runs out, BTC should have continued to rise and I have to decide whether I start living off the traditional retirement accounts or sell enough BTC to get me another ten years down the road. Either way I'm going to be doing okay.

grandeman2

RFKJr “Trump to announce 1 Million BTC Reserve” At the 2024 Bitcoin Nashville conference, RFK Jr applauds Trump in advance of the announcement of a Trump Bitcoin Fort Knox of 1 Million BTC as a strategic reserve. Uhhhh yeaaahhh….. I think we are back!

falsejaguar

Lol. Sounds like you don't know what you're doing. Thing about investing is to have a plan and stick to it unless the data changes. Why the fuck did you buy BTC? To hold forever like a baseball card collector or because you thought you could sell it for more money? How much were you hoping to sell it for? Is it at that price or do you now think it will go higher?

ieatvegans

I wish you all the best! I retired from my career that caused me great amounts of stress and took on a new job that pays half as well, but I'm ten times happier. Good luck to you, I hope you can hold on until the big BTC payoff!

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JustAGuyTrynaSurvive

I've been arrested many times and didn't have $10M in BTC. Knowing I have that waiting on me when I get out would make the incarceration a little more enjoyable.

Yogi_DMT

Nobody is saying to keep all your money in BTC. Do people keep all their money in gold?

zRoyalStar

BTC is the best cryptocurrency, the other 99.9999% are scams/pumps and dumps that will scam unaware people and give bad reputation to BTC. I won't deny that BTC has its cons, like taking 10 minutes to mine a block and process your transaction, or that in its beginning it was mined by a small amount of ppl. But it's still way better than other crypto scams or banks controlling your own money.

GloryIV

I used BitcoinIRA up until earlier this year. I was fairly satisfied though their fees were high. It was the vehicle I wanted a few years back to get some IRA exposure to bitcoin. Once the ETFs launched, I decided that a better strategy for IRA exposure to BTC was to sell the BitcoinIRA assets, roll the funds back to Fidelity and invest in the ETF. Cue an unbelievable amount of BS over the course of four months to get the funds moved back to Fidelity. BitcoinIRA made this incredibly difficult for me. It would have cost me a ton of money if I hadn't planned for a delay and gone ahead and bought the amount of the ETF I wanted using other funds in the IRA. As it is, them screwing around still cost me some gains. Would not recommend them. The only reason I'm using my traditional IRA to gain BTC exposure is because that's where my wealth is concentrated. With new funds I would go with a Roth or direct purchase of BTC via an exchange. I did the later with the new funds I wanted to invest because I did want to actually have some BTC in my personal custody. I DCA'd weekly into an exchange and withdrew to a cold wallet. The tax advantages of the IRA route - especially a Roth - are real when you are talking about something with huge upside like BTC. I would max out a Roth IRA contribution and if you still have funds left over, buy BTC on an exchange.

DamionDreggs

You know... I can't help but feel like there is a stalemate play there. Let's say someone does actually get 51% mining control, and then what? They start modifying the protocol? They start fabricating Bitcoin with their modified mining software? All that would do is cause a hard fork, and the other 49% of the miners go on tracking legit Bitcoin, while the institutions operate on some fork of BTC that immediately fails because of the chaos that would cause.

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Not_Ricoo_Suavee

I once almost sent my BTC to Michael Saylor. He was very convincing on YouTube conference, he said he would double my BTC. True story ffs. Lesson learned, whatever you do don't rush it.

gethereddout

I love BTC but this argument is flimsy. Just saying network effects win will not cut it. And basically all the other coins are open source as well- that’s how decentralized systems work. Overall if you want a description of why BTC has competitive advantages, check out the last couple chapters of Broken Money by Lyn Alden.

TheBigLR901

Your lawyer will take BTC. Fool not too

CointestMod

#Bitcoin Con-Arguments Below is an argument written by Nostalg33k which won 3rd place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Bitcoin, could it be wrong. "Are we the bad guys ?" > > ​ > > In this small write up, I am going to delve into con-arguments against Bitcoin. Bitcoin is the flagship of cryptocurrencies but there are a lot of criticism that could be leveraged against Bitcoin. First of all, let's delve into a small presentation of Bitcoin. > > # Bitcoin: An introduction. > > Bitcoin is the biggst cryptocurrency. It was created by a mysterious figure. The creation of Bitcoin is a strange and mysterious mystery. No one knows who created Bitcoin. > > Bitcoin was started as a way to circumvent traditional banking. Bitcoin relies on blockchain technology. Blockchain can be seen as an open book allowing anyone to know where is each fraction of Bitcoin ever. > > This blockchain is maintained through computer power. In a vulgar way: Bitcoin is mined by solving math problems. The maths problem becomes harder when more people are mining so that mining takes a fixed amount of time according to a timeline known to everyone. In order to respect this timeline, mining rewards are halved every few years. > > Since anyone who wants to validate transactions is forced to complete a very hard math problem (which becomes harder the more people are mining), no one can cheat in new transactions. Also, every other miner has a copy of the blockchain. Through making sure that no entity has 50% of the mining, you can stop nefarious actors from changing the blockchain. > > This is using cryptographic technology that I don't yet understand but you can read more about it here: > > Bitcoin Wikipedia > > Without delving more into the tech side of bitcoin. Which can also be explained through youtube videos here: Bitcoin explained > > The Metrics of Bitcoin are currently: 22400$ Per coin for a Market cap of 430 Bilions and a daily volume of 19 Billions. Bitcoin was shortly valued at 69000 usd during the ATH. > > Now let's dive into what is making Bitcoin so bad. > > # Permissionless: A senseless destruction of world order. > > Bitcoin is a project existing in a very delicate world balanced by power structure. While we can be happy that the current top dog is the US (yes they are not perfect BUT they could be worse) we know that someone else could be on top. Despite that, we should strive to use the current US dominance to curb rogue states into the world order. > > The current war in Ukraine is a demonstration of the world order crumbling to maintain itself. I'd argue, the rise of cryptocurrencies may be a part of this crumbling. In fact, I'd go as far as to say that, Bitcoin replacing the US Dollar would usher a chaotic age of international relation. > > The world has shrank a lot since the rise of internet. The fact is that the stability of the world is much more precious than ever. Everyone can see what happens in any other country and how the supply chains which guarantee our comfort are of the utmost importance. YET, we are pushing forward a great disrupter of balance. > > Permissionless can help terrorists, permissionless can help crime. YES traditionnal banking is doing it already BUT I'd argue that the absence of regulator and watchdog to make the current system comply is not an argument in favor of a tech which will make regulation and surveillance harder. > > # Bitcoin: This MONEY Doesn't Work, This Money Doesn't WORK. > > Bitcoin is claiming to be a currency. A viable alternative to fiat money. But anyone with a neuron or two could realize that the fluctuation in the value of Bitcoin is crazy. Some pedentic nerd and bitcoin maximalist could argue that 1 BTC = 1 BTC BUT if you don't know how much you'll need to put food on the table then BTC is not working as a currency. Yes inflation is lowering the value of Fiat BUT fiat doesn't see wild swings of + or - 30 % in most economies. > > While not being really MONEY I'd argue that Bitcoin doesn't WORK. To work the economy needs money to move. 100$ could buy groceries then be used to pay the local brewery, the butcher and many more people before going back to a bank account. This movement has created economic vitality. Bitcoin, most of the time, is seen as an investment vehicle such as gold. I'd argue that these vehicle are not valuable for society since the freeze money in place. > > In a bank, your money is working. Instead of Bitcoin, people should be paid more by banks to put their money in investment portfolios since these provide the liquidity necessary to make the economy work. > > ​ > > # Bitcoin: A very big spending of energy. > > ​ > > Bitcoin is a project which is wasting a lot of ressource for something which is not making a lot of sense. While Bitcoin is using more and more green energy, I'd argue that it is still a big waste. Subsidies could prop up the green sector far better than the mining farms that go with windfarms. > > Seeing Bitcoin as one of the biggest leverage of the green sector is a non-sense. Optimization of the energy sector means that the variable production should allow to reduce the use of fossil energy. Not allow to waste energy in a senseless project. > > ​ > > # Conclusion: The harsh truth is, we may be the bad guys. > > Partaking in an economic sector which allows for a disruption of world order, which doesn't help the economy and which is wasting energy may not be beneficial. This is why Bitcoin should not be seen as a messiah of economic proportion but as something which should raise criticism and should be heavily regulated. > > Good luck in your investments. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p7u8/top_coins_bitcoin_conarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1eca0ez/daily_crypto_discussion_july_26_2024_gmt0/).

CointestMod

* Relevant Cointest topics: [Bitcoin Cash](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_bitcoin_cash), [Litecoin](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_litecoin), [Lightning Network](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_lightning_network), [Proof of Work](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_proof-of-work), [Taproot](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_taproot) * Official and related subreddits: r/Bitcoin, r/BitcoinMarkets, r/BitcoinMining, r/BTC, r/BitcoinCash. * Sort comments as controversial first by [clicking here](/r/CryptoCurrency/comments/1ecvq2a/rfk_jr_says_he_stores_most_of_his_millions_in/?sort=controversial). Doesn't work on mobile.

JumpFancy8688

lol there won't be BTC in 200,000 years i promise you. there will definitely be something else, though. something we can't possibly imagine. "humans" who will really be AI cyborg integrations at that point - will have moved on to something far more insane.

vasq2022

Well some of your BTC would be on an exchange that offers a credit card facility. That's how you pay for living expenses if all you have is bitcoin.

Elly0xCrypto

It is good to see spreading the BTC adoption!

pantuso_eth

I still consider BTC on the lightning network to be BTC, even though it's a separate network...

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JerryLeeDog

I use iTrust. I rolled over 50% of my Roth 401k into a Roth IRA and lumped it into BTC early this year Was easy. "Stacking on an exchange" sounds like leaving bitcoin on an exchange, which is an eventual death sentence. That said, I buy on Strike and move to cold storage. Probably 70/30 self custody/IRA

Extra_Concentrate837

If you have tether, download the Aqua wallet. Deposit it and it will be transferred over to the Liquid network. Then you can either now swap directly for Bitcoin or you can keep buying L-BTC until you are ready to withdraw to real Bitcoin. 

soggyGreyDuck

Yes and that will always be true. Exchanges can have paper BTC but what we have in our wallet is real. There will be a lot of changes over the coming years but right now the average person is forced to go to those same exchanges if they want to use it. We will see how it plays out but I'm still stacking

Remarkable-Hall-9478

That’s my point lmao. People come late and then set their own expectations and perspectives into the discussion but they’re so wildly off base vs the historical track, and in most cases mostly unaware of it.  Privacy coins are suppressed because they’re dangerous as hell. There’s a reason damn near every ETH scam hit tornado protocol first (in somewhat recent times).  Monero ripped hard, very hard, when the DNMs adopted it after determining it was generally equivalent to or safer than BTC, and they preferred protection on the public chain vs bitcoins open nature.  This stuff has always been associated with the purest ideals of crypto, but the thing is… that shits super dangerous to the establishment.  BTC and ETH are being openly co-opted by the system bitcoin was invented to provide an *escape* from, an *alternative* to - the traditional banking system with its rampant financial fuckeries - to thunderous applause (look at all the ETF hype, “XYZ major firm/player acquires $100m BTC”, etc). Yet the tech that embodies the pursuit of the ability to seamlessly and securely operate peer-to-peer takes it a bit seriously and literally… not going to get supported by the system it antithetically opposes and undermines.  And it’s not like Monero doesnt have technical issues regarding scaling, it’s not perfect tech even still.  But, it’s a step towards the Unallowable Path that the big money interests that diametrically oppose Crypto cannot allow or side with.  BTC and ETH are only big because they’re explicitly NOT that. Cryptocurrency will still exist but the success of the vision Satoshi had when he founded this whole thing is looking very bleak. 

MagicMaker32

I can see that. Of course, if you are in a nation with a crumbling currency I suspect it would be more difficult to get exposure to BTC derivatives than actual USD. Unless you are using defi, and in that case, you are far, far safer holding the stablecoin than exposing yourself to smart contract risk.

Dr_Tacopus

This toolbox using BTC is not a reason to vote for him. He’s a science denying idiot who’s brain was literally eaten by worms, let’s be realistic here

alwxcanhk

Try HODL BTC Patches.

x_lincoln_x

Following the inverse [r/cc](https://new.reddit.com/r/cc/) strategy and selling millions in BTC right now

UzItOrLuzIt

.1 BTC is enough to buy you a run down house in the slums now, so yes, at minimum you will still be able to do the same in 10 years.

goldyluckinblokchain

Following the inverse r/cc strategy and buying millions in BTC right now

Sawgrass78

Many hardcore longterm hodlers at this point are hoping to either 1. Never cash out, ie. wait long enough to see the opportunity to spend bitcoin directly on goods and services (real estate, college tuition for their children, etc) within their lifetime or 2. Hodl it to the point where the world has recognized btc as the most pristine collateral to loan your btc out for local fiat Fiat means "by decree". As things are now in most places, everyone must pay their taxes or pay their employees etc in their native fiat. We are forced to use it at the end of a gun. If you don't pay your taxes to Uncle Sam in Uncle Sams currency, the state will inflict violence upon you in the form of legal repercussions, jail time, asset seizure, and so on. We don't resent actual greenbacks or yuans or whatever, we resent the fiat system that the global economy has backed itself into a corner to and which we hope BTC will eventually deliver us from.

Trevih

MICHAEL SAYLOR: *2024 is year 1 of mainstream institutional adoption of* [*#Bitcoin*](https://x.com/hashtag/Bitcoin?src=hashtag_click)*, I get a lot more calls from public company CEOs and invited to talk to boards about adopting Bitcoin. Momentum is building.* [https://x.com/BTC\_Archive/status/1816590586863898723](https://x.com/BTC_Archive/status/1816590586863898723)