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I'm not saying you shouldn't buy Bitcoin. You just shouldn't be a 100% in Bitcoin or 100% in cryptocurrency for retirement. Ever heard of diversification? You want to put all your eggs in one basket? >What good is a 401k that’s measured in dollars decaying at a minimum 8% CPI You're not really understanding how inflation affects the stock market. When I bought my 1st share of NVDA back in Feb of 14' at $16 and change that was with USD. Inflation happens, stock buybacks happen, and what do you know as inflation drives down purchasing power it drives up stock market valuations. Inflation is baked into the stock market. Now that same stock is valued at $162, but that was after a 4-1 stock split so If you were to not with the stock hypothetically it would be valued at $648 a share. My longest held portfolio that holds Nvidia is up 3,151%. That's more gaines than my Bitcoin as of now. If you don't think there's a place in a portfolio to be earning 3,151% return, then you're about batshit crazy. Nvidia is just one example, but just that one alone has already netted me six-figure returns. >Taxes will eat whatever remains when you start drawing payments at retirement Ever heard of a Roth IRA? You pay taxes up front. Everyone should have one. It also can be used as an emergency fund in a pinch. Also ever heard of capital gaines? you have to pay these on Bitcoin. I had to pay $16,000 in taxes on cryptocurrency for this past year. Bitcoin is in a name to taxes and other assets in retirement isn't either, So not sure what you're talking about. You dont avoid taxes anymore with cryptocurrency. >Real estate might get you some cover but what are the chances that your local government won’t rob you blind with property tax I purchased in 2015 for $188.5k. It appraised during the refinance last year $430k. I only pay about $2,400 a year in property taxes. The property value will continue to rise over long term even though a short-term correction is definitely in the cards to the tune of maybe 15 or 20%. I only owe 17 years left out of the original 25-year loan, and plan on selling in another 7-10years. So I'll pay about $24,000 in taxes over 10 years, but be able to turn a profit to the tune of >$200k. Once again I don't know how you see real estate as a bad investment. Yes it has its cons, but still deserves a place in a portfolio. >. Gold might be an option I do own some physical gold that I've been buying from JM Bullion. Definitely don't fool with the paper bs, and own the real thing. I don't really look at it as an investment but as a store of value. Gold fluctuates but usually isn't super volatile, and against the backdrop and for inflation should rise. Even if it holds steady though, It protects you from inflation. And if none of this still doesn't make any sense to you then just keep your fingers crossed with your retirement portfolio that is 100% Bitcoin. You could be totally fine and I hope you are because I'm betting on Bitcoin too, but if I'm wrong my retirement is secured. If You're wrong You're screwed and have nothing to show for it.
great question. A pre-mine makes the projected centralized becuase it gives more control to the CEO. Pre-miners argue that the dev team needs money and the pre-mine gives that. Yet there are plenty of project with no pre-mine that have a dev team. Some examples of non-premined coins that have dev teams making progress are BTC, LTC, DOGE, XMR, and many more. The whole point of a pre-mine is to enrich the CEO and dilute investors and dilute the miner's rewards. https://imgur.com/a/JM66BEO
the "bias" you're seeing is math literacy and ability to count all the way up to 1 central party in control. counting that high poses a challenge to ethtards. https://imgur.com/a/JM66BEO?nc=1
Um... You just posted this comment on the Internet. You realize there are lots of places here that take BTC... You want it in your town? Use it online when you can. Create the incentive. You like Gold? Most of the big bullion dealers all take it. JM, APMEX, etc... That's just one place off the top that's actually useful. Lots of people on Reddit taking it...
Use a grow tent, and route a tube from the tent outside a window, for example: https://imgur.com/a/JM3Ds
A lot of companies are accepting crypto now. Newegg, Home Depot, Overstock, Etsy, Crate & Barrel, Subway, Whole Foods, Remax, Bing, JM Bullion, Zynga, Intuit, Wordpress, Godaddy, NordVPN, Tmobile, Craigslist, just to name a few. Paypayl and Shopify accept crypto payments. ​ Crypto tech isn't just increasing in adoption as a payment. Where adoption is exploding is as tech use in the business world. This is where mass adoption is planting its seeds. The same companies that called crypto useless a few years ago, are now using crypto technology from their business: IBM, Microsoft, Tesla, MAERSK, AIG, Alphabet, Pfizer, HSBC, Ford, Unilever, DHl, Shell, Etihad, Coldwell Banker, Siemens, Oracle, Johnson & Johnson, L'Oreal, Adobe, Qualcomm, Cisco, Toyota, Honeywell, Nvidia, Alibaba, JP Morgan, Tencent, Coca Cola, Citibank, Merck, UnitedHealth group, etc... just to name a few.
with free central permissioned premine of 72m eth, 1 central party can draw any statistics they want for any value under 72m eth that you have to trust forever. and yes, trusting 1 party with premine or with ico free for just 1 central party buying from themselves for free is same thing. [they are called ethtards, not smart, quite literally furthest opposite of intelligent beings](https://imgur.com/a/JM66BEO?nc=1)
exactly 0 parts of DAI are decentralized [https://i.imgur.com/mB5dzFr.png](https://i.imgur.com/mB5dzFr.png) the "worth" of collateral depends on value ratio of collateral which is based on trusting feeds and what controls those feeds (centrally premined MKR) and centrally controlled and easily centrally editable state on premined eth known specifically for already making similar changes based on Vitalik's mood [there's a reason they are called ethtards and not people](https://imgur.com/a/JM66BEO?nc=1)
because DAI is 100% centralized and practically malware just like MKR and ETH and thus has literally 0 reason to be used, 0 advantages, and guaranteed dishonest illiterate creators with countless disadvantages over just using bank of america or a random person on a street issuing you IOU. feel free to call random person an oracle or dev team if it helps as it would offer exactly same trust assumptions and security as dai. there is exactly 0 creatures in existence with less intelligence than an ethtard, counting to [1 center](https://imgur.com/a/JM66BEO?nc=1) poses a mathematical challenge that 0 of them can overcome
A lot of bullion dealers accept bitcoin. APMEX and JM Bullion/Provident come to mind.
Yes but you realize as soon as you introduce the LN, you make his Bitcoin scenario sound a lot like the bank scenario. Your argument for why the LN is acceptable is like an argument for why the traditional bank settlement is acceptable. You're adding in additional third parties. You're extending credit. You're doing a lot of traditional things. But a CBDC can literally be designed to do all that natively on chain while handling much higher transaction volumes while operating with zero fees because the system is paid for by taxes. It's like how using quarters involves zero fees despite the cost of maintaining all the quarters. I'm not even pro CBDC, but all the benefits JM describes are basically universal to all cryptos so they are not arguments in support of BTC. Also, if you support the LN, you are basically disagreeing with everything JM says in the video. He is aware of LN so why didn't he explain that bit as well?
yeah good thing [all of basic math and everything supports these basic facts](https://imgur.com/a/JM66BEO?nc=1), probably best example of a scam in scams history bar none. 0 need to rely on trust, if you can count you're already infinitely smarter than any ethtard.