Bitcoin is not a hedge | Parker Lewis at Old Parkland 

Watch Michael sailor

Michael Saylor is good also

There are a lot of false claims in this talk. Beware

@@MildlyCurious Explain your reasoning then

@@MildlyCurious………….we’re waiting.

I hate to burst your bubble, but having a cap on supply does not grant BTC its value. After 15 years it still lacks utility and stability. If lack of supply were all that's needed, it would go up in value each and every day as more cryptoclowns lose possession of their BTC holding through death or person or death of the device it is held on. Those BTC that have not moved in years are lost forever and cannot be recovered, therefore there are probably only about 12 million that are accessible enough to circulate, and at the average value that BTC has had over the past 5 years, it does not have the overall value/market cap to sustain a small city, let alone a global economy.

haha....what an azzhol....

I think this is what wrecked me. Confusing the two. Also tried to invest in shitcoins to buy btc eventually. That didn’t work as planned 😅. Now I’m a btc maxi after I understood the damn thing lol

It's plane , it's a bird , it's BITCORN. The biggest meme ever sold to normies. ETH is Web 3's, Amazon. Enough said.

@@taccntb4345 cringe

I disagree that that all other cryptocurrencies are scams. Tokens are supposed to give you platform incentives. As long as the blockchain or DLT is decentralized enough for the use case the then the protocol has value. I understand his premise though BTC is the main resource in the market point blank.

@@journeytothevoid2899 what is decentralised enough?

@@deepshallows You're afraid.

I hate to burst your bubble, but having a cap on supply does not grant BTC its value. After 15 years it still lacks utility and stability. If lack of supply were all that's needed, it would go up in value each and every day as more cryptoclowns lose possession of their BTC holding through death or person or the device it is held on. Those BTC that have not moved in years are lost forever and cannot be recovered, therefore there are probably only about 12 million that accessible enough to circulate, and at the average value that BTC has had over the past 5 years, it does not have the overall value/market cap to sustain a small city, let alone a global economy.

@ryanpatrick4920 The btc supply is only half the story. The other half is demand exactly just like every other market. That's fact not my opinion. Bitcoin has a supply set by mathematical code. When you company that supply with a demand that is driven by devaluation of the dollar its pretty easy to see that price will continue to go up. That's fact to because it's in the charts. When there is lots of liquidity btc performs very well which makes total sense. You know when I first starting learning about bitcoin I wasn't totally convinced it would succeed but it wasn't until I learnt about our current fiat ponzi system that give that light bulb moment that bitcoin is the solution to inflation. As for the stability, a lot of that is simply driven by people investing in btc and not understanding what they are investing in. Example when the price drops a little bit people freak out and sell but if they were simply educated in bitcoin and understood everything I just explained above then negative sentiment simply vanishes and you realise that's it not a matter of if but when and as long as that money printer goes burr bitcoin will grow and trust in dollar will fade. Just like any chance you have of bursting my bubble.

Money is NOT printed (only 3% of US currency exists in physical form) 97 % is Currency (electrons on a screen) The US dollar is Fiat Currency, backed by the "full faith and credit of the US government" Fiat means by order or decree, authorization or sanction - which means the government by FORCE mandates that you use the Dollar issued by the Privately Owned (non)federal (non)reserve (non) bank. What our wise and benevolent "public servants" directed by their Masters does to Bitcoin and crypto, who knows but John Lennon had a great quote on such a subject "Everything the government does, turns to shite, not gold" .....In GOD We Trust 🙂

I hate to burst your bubble, but having a cap on supply does not grant BTC its value. After 15 years it still lacks utility and stability. If lack of supply were all that's needed, it would go up in value each and every day as more cryptoclowns lose possession of their BTC holding through death or person or the device it is held on. Those BTC that have not moved in years are lost forever and cannot be recovered, therefore there are probably only about 12 million that accessible enough to circulate, and at the average value that BTC has had over the past 5 years, it does not have the overall value/market cap to sustain a small city, let alone a global economy.

Sounds like a terrible currency

​@@WillD-jj9kg Exactly, the world cannot operate under deflationary currency. Nobody will want to use it. Everybody want to keep it. Economy will die, we'll go back to the dark ages. If the price of bitcoin goes up everyday, you will think twice before you'll buy bread for dinner, never mind invest in bonds, equity or real estate.

@pierregentilini4375 Yeah that's an interesting thought, it discourages economic activity. Whereas now everyone is trying to create value to outrun inflation

Parker Lewis Can't Lose

I hate to burst your bubble, but having a cap on supply does not grant BTC its value. After 15 years it still lacks utility and stability. If lack of supply were all that's needed, it would go up in value each and every day as more cryptoclowns lose possession of their BTC holding through death or person or death of the device it is held on. Those BTC that have not moved in years are lost forever and cannot be recovered, therefore there are probably only about 12 million that are accessible enough to circulate, and at the average value that BTC has had over the past 5 years, it does not have the overall value/market cap to sustain a small city, let alone a global economy.

I think he touches on that at the beginning 3:17

Yes, but he did not explain why. Pointing out in a few sentences the extreme difference compared to the "snake oil" like the immaculate conception, level of decentralization and network effect@@alexmiller6321

I hate to burst your bubble, but having a cap on supply does not grant BTC its value. After 15 years it still lacks utility and stability. If lack of supply were all that's needed, it would go up in value each and every day as more cryptoclowns lose possession of their BTC holding through death or person or death of the device it is held on. Those BTC that have not moved in years are lost forever and cannot be recovered, therefore there are probably only about 12 million that are accessible enough to circulate, and at the average value that BTC has had over the past 5 years, it does not have the overall value/market cap to sustain a small city, let alone a global economy.

​@@ryanpatrick4920 "If you don't believe me or don't get it, I don't have time to try to convince you, sorry." Satoshi Nakamoto

I hate to burst your bubble, but having a cap on supply does not grant BTC its value. After 15 years it still lacks utility and stability. If lack of supply were all that's needed, it would go up in value each and every day as more cryptoclowns lose possession of their BTC holding through death or person or death of the device it is held on. Those BTC that have not moved in years are lost forever and cannot be recovered, therefore there are probably only about 12 million that are accessible enough to circulate, and at the average value that BTC has had over the past 5 years, it does not have the overall value/market cap to sustain a small city, let alone a global economy.

1 bitcoin = 100 million satoshi. Study Bitcoin bro.

and 100 million satoshi still equals 1 bitcoin. That does not change the fact that half of the BTC are lost forever, along with what they used to be able to divide into. That is dead BTC that required actually resource to create, and that cannot be redeemed for real and useful currency. Even though BTC market cap can pretend that the value of those coins still exist, the former braindead holders cannot make that same claim. Here is a study for you, go see how much it costs (in fiat dollar) to mine one bitcoin? It does not deviate much from the value, and that is important to understand. @@StudyBitcoin_Aditya

agreed!

His first slide says “October 2023” so that’s pretty self explanatory.

No. It cannot. Bitcoin's 21 million limit is enforced through common agreement between all of the participants in the network. Being a participant in the network means running your own Bitcoin node. Your node is the software that enforces the Bitcoin rules which includes the 21 million limit.

@@_brutalista But a bitcoin can be split and traded in Satoshis. And there is potential for the millisatoshi to become tradeable. Where is the limit when you can effectively print money in this way?

He was talking to a room of people who are generally not in the bitcoin space.

It has to be dumbed down in a way for the general populace to understand and its not wrong. And bank reserves are literally nonexistent as its all in assets.

Ghey

Exactly, the more you study it, the more you realise what will happen.

Bitcoin is not an hedge, it is an edge!

For the rich corporations

Bitcoin is prepared to be made quantum resistant.

And by then, Bitcoin will have upgraded to a quantum resistant algorithm

@@mikatucan you prove it?

Before this happens a lot of the Internet unravels first. Bitcoin is future-proof.

The transaction fees on the blockchain and bitcoin increase in value. Some miners will go bankrupt though .