Seeing as this is the biggest of news for WEXFORD rather than bitcoin you'll probably get away scot free without the savaging I usually get for bringing a bit of good news to the discussion...well played sirMassive news for BTC!!!
Seeing as this is the biggest of news for WEXFORD rather than bitcoin you'll probably get away scot free without the savaging I usually get for bringing a bit of good news to the discussion...well played sirMassive news for BTC!!!
A clear sign of the massive adoption that is just around the corner......Massive news for BTC!!!
Wexford’s first Bitcoin ATM installed at Gorey shop
GOREY has welcomed its first Bitcoin ATM machine at the XL Shop and Asian/Brazilian store on Gorey’s Main Street.www.independent.ie
So what? These are probably the same institutions that bought synthetic CDOs by the skip load back in the day...On another note, I attended an event with a number of large institutional investors recently regarding digital asset strategies. It is definitely not being treated as Ponzi scheme, but the general consensus is how can they get exposure to it without holding it directly / what are the investment opportunities. The conversation never touched on adoption of it as a currency, it is purely viewed in the context of an emerging investment asset.
It must be true 'cos there's far greater alpha being shared around on the 'business luncheon' circuit by comparison with what us poor plebs have to settle for.So what? These are probably the same institutions that bought synthetic CDOs by the skip load back in the day...
So what? These are probably the same institutions that bought synthetic CDOs by the skip load back in the day...
I gave up at this sentence because it makes no sense.It is important in the discourse of this subject on this forum when posters often use news stories of institutions using crypto as evidence of adoption of Bitcoin, inferring adoption aligned to the original intended usage.
I gave up at this sentence because it makes no sense.
If you inferred that from my posts, well that's your mistake. Adoption of bitcoin is anyone using it, where 'using it' is holding it, or transacting with it, for any reason.It is important in the discourse of Bitcoin on this forum. Posters often cite news stories regarding institutions using crypto as evidence of adoption of Bitcoin. It is inferred this 'adoption' aligns to the original use case of Bitcoin as a decentralized global currency.
According to John Kelleher this is not possible.This is all on the basis of Bitcoin being adopted as an investment asset and not as a currency.
JK is an avid BTC cultist believing its ultimate value will be €500k based on it achieving 15% penetration of global medium of exchange.John Kelleher of Investopedia said:One of the biggest issues is Bitcoin's status as a store of value. Bitcoin's utility as a store of value is dependent on its utility as a medium of exchange. We base this in turn on the assumption that for something to be used as a store of value it needs to have some intrinsic value, and if Bitcoin does not achieve success as a medium of exchange, it will have no practical utility and thus no intrinsic value and won't be appealing as a store of value.
If you inferred that from my posts, well that's your mistake. Adoption of bitcoin is anyone using it, where 'using it' is holding it, or transacting with it, for any reason.
...the world's largest energy exploration/production company announcing a bitcoin mining project...
My guess is they would have sold gas to the Nazis. Doesn't mean they in any way support those who buy its product or what they are doing with it.From tecate's link said:A representative for ConocoPhillips said the company is not operating the crypto mine itself. Instead, it sells gas that would otherwise have been burned off to a bitcoin processor that is owned and managed by a third party.
My guess is they would have sold gas to the Nazis. Doesn't mean they in any way support those who buy its product or what they are doing with it.
According to John Kelleher this is not possible.
JK is an avid BTC cultist believing its ultimate value will be €500k based on it achieving 15% penetration of global medium of exchange.
Suggesting that BTC can shrug off this medium of exchange dependence would be like some snake oil baldness cure becoming an investment asset even though only a tiny cadré of true believers are actually rubbing it on their scalps.
Correct, which is why I've been talking about the coming institutional adoption as a store of value since a year and a half ago. I've personally been using it as a store of value for the best part of a decade.I infer from it that you don't believe that Bitcoins only use case is as a currency?
I don't think I have. My main opinion is that adoption can/will continue in the manner it already has. I think that can continue in parallel to central bank currencies. I think that something like the El Salvador experiment in currency usage is less likely to succeed and if it does it's a long way away (10+ years probably) but I wouldn't rule it out. For a start it needs the lightning network or some other 2nd layer to become better than anything that exists right now.If so you appear to agree with me, what I am not sure is why you have often spent time mentioning Bitcoin as means of replacing central bank currencies and the fiat system?
No argument there.Based on the above, I don't see any reason why you would disagree with my statements of financial institution adoption is about the opportunity to profit and not because of a belief in Bitcoin as a currency. That is why I don't believe it is a Ponzi scheme.
Correct, which is why I've been talking about the coming institutional adoption as a store of value since a year and a half ago. I've personally been using it as a store of value for the best part of a decade.
Bitcoin isn't becoming an investment asset, it already is an investment asset. I've held it in various sizes for a decade, what is now happening is it is becoming institutionalized.