Comments by "SAL" (@SAL-fs1mr) on "Nomad Capitalist" channel.

  1. Keeping money out of the hands of politicians is the most moral thing people can do. If YOU want your money to go directly to poor people, YOU go use a charity. Don't try to impose your morality on others.
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  2. If that was your take away, then you really don't understand Bitcoin.
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  3. Monero sacrifices auditability of the coin supply to achieve privacy, but no one reasonable will want to store a significant sum of their wealth in a coin that lacks realtime auditability of supply.
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  4. Congrats on doing well in the altcoin casino.
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  5. Because there is only one original crypto that's scarce (bitcoin), bitcoin has the monetary network effect well established, and Altcoins as a group are endless in supply.
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  6. It's simple, you pay back the loan in depreciating dollars.
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  7. Get a portable solar charger and small battery, you'll always have electricity for your smartphone.
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  8.  @LearnWithMike  no problem. But to mitigate the risk, just do 20% loan to collateral and have a contract for 3-5 years.
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  9. Nah, those negatives apply to gold, not bitcoin. They can apply to bitcoin in only specific circumstances while they apply to gold in general.
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  10. If you want an altcoin that's completely controlled by a single company, yes, Ripple's xrp is the way to go.
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  11.  @homeiswheremyhouseis5517  nah, that's incorrect. Ripple is the central point of the xrp network because they manage the UNL.
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  12.  @homeiswheremyhouseis5517  yea, but you always need a dominant centrally managed UNL, otherwise consensus will fail if everyone is following different lists of nodes.
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  13. If the new tech is on par or superior in its trust minimization properties as bitcoin, then it will have open source code, at which point, there is nothing to stop bitcoiners from incorporating the new tech so that bitcoin benefits from it without needing the new altcoin.
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  14. Set aside a portion of the loan you take out to make those minimum monthly payments.
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  15.  @LearnWithMike  essentially yes. Alternatively, live off the 96k and refinance a new loan once bitcoin doubles or triples in price.
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  16.  @LearnWithMike  true. But dollar inflation isn't slowing down, so i think it is reasonable to expect prices of hard assets to keep trending upwards.
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  17. He put a free bitcoin course on Saylor academy, just fyi.
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  18. I came here thinking this video was an interview with Plan B about his bitcoin stock to flow model. Am disappoint.
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  19. Bitcoin just leverages the new tech to keep it the dominant asset.
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  20. You're letting yourself get distracted by small ideas. Bitcoin is addressing a market in the hundreds of trillions.
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  21.  @meyroakabigrem1679  in comparison to Bitcoin, it is a small idea. Plus, anytime more storage is needed, more capacity is built. And that means more altcoins similar to filecoin can and will be made. Not worth stacking at all.
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  22. All the users on the bitcoin network.
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  23. *gold used to work.
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  24. Hahahahahahahhahahaaa!!! You're in a loser mindset without realizing, because you idolize a liar!
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  25. Those altcoins have dev teams that easily manipulate the protocol rules. They call them upgrades, but don't kid yourself. Bitcoin is the pristine digital asset.
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  26.  @pedrof3364  thanks for clarifying that you like centralized control of your altcoins.
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  27. Bitcoin has the network effect and alts make trade-offs that make them inferior stores of value.
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  28.  @jmadventures9830  if you like having a dev team that keeps changing and manipulating the monetary policy, then sure.
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  29.  @jmadventures9830  I highly doubt it. Things are irrational during a bull market. Look at doge for example.
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  30. ​ @ats89117 he explained how the tether stablecoin is what is very popular there, there are tons of easy ways online to exchange Bitcoin to tether. But I'm sure you're right, the Argentinians who have held Bitcoin for 5 to 10 years are complaining about how useless Bitcoin is.
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  31. Ew, centralized company altcoin, no thanks.
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  32. The motto is "don't trust, verify"
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  33. Altcoins are less pristine assets compared to bitcoin.
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  34.  @janschwieterman7748  still way more than assets controlled by oligarchy (that's what proof of stake amounts to).
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