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rolandcorts

rolandcorts

rolandcorts

Joined
Feb 10, 2022
Messages
1,241
Of course it's a store of value. All I'm saying is no one wants to store their value until death. At some point you convert your store of value (gold, bitcoin, baseball cards, or whatever) into goods & services. But guy just says "it's a store of value" and walks off as if that means anything.

BTC -> gift cards -> items is perfectly fine. I just dream of a world where virtually all goods can be purchased with BTC. The reason is not just convenience but this would completely cut out the middleman. People would be paid BTC at their jobs and they'd pay for goods with BTC. Banks and government would be entirely cut out.

If it weren't for these gift card sites, every BTC holder would *ultimately* need to go through a centralized exchange with KYC etc etc. to do BTC --> USD --> Items. And if you're a very large holder, then gift cards aren't enough and this is indeed what you have to do. So the govt and 'bank' (in this case Coinbase or whoever) are not really cut out; they see and can control a huge fraction of it.

Remember BTC was created out of the aftermath of the 2008 financial crisis and the dream was to allow people to become totally independent financially ("self bank"). That this hasn't happen has me disappointed. That's all.
 

homie1975

homie1975

homie1975

Joined
Oct 6, 2022
Messages
1,287
rolandcorts said:
Of course it's a store of value. All I'm saying is no one wants to store their value until death. At some point you convert your store of value (gold, bitcoin, baseball cards, or whatever) into goods & services. But guy just says "it's a store of value" and walks off as if that means anything.

BTC -> gift cards -> items is perfectly fine. I just dream of a world where virtually all goods can be purchased with BTC. The reason is not just convenience but this would completely cut out the middleman. People would be paid BTC at their jobs and they'd pay for goods with BTC. Banks and government would be entirely cut out.

If it weren't for these gift card sites, every BTC holder would *ultimately* need to go through a centralized exchange with KYC etc etc. to do BTC --> USD --> Items. And if you're a very large holder, then gift cards aren't enough and this is indeed what you have to do. So the govt and 'bank' (in this case Coinbase or whoever) are not really cut out; they see and can control a huge fraction of it.

Remember BTC was created out of the aftermath of the 2008 financial crisis and the dream was to allow people to become totally independent financially ("self bank"). That this hasn't happen has me disappointed. That's all.
Click to expand...

change takes time, bud. it has *only been* 16 years. it takes a lot longer than that to change people's minds.
 

raiders72001

raiders72001

raiders72001

Joined
Jan 28, 2023
Messages
193
You can buy at Kraken, Coinbase and Crypto.com. Outside the US add Binance.

Add xt.com and binance.us to trade. xt has a lot of tokens that others don't have.

Most of my trades are done using a Phantom wallet and Jup.ag since I love everything Solana. Jup is a DEX but you still can place limit orders, use stop-loss and trade on leverage. Trading on leverage is very dangerous with crypto. Jup is also no KYC.

 
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