Comments by "SAL" (@SAL-fs1mr) on "Michael Saylor: Your Money Is 'Dying' As Banks Fail; Can Bitcoin Survive CBDCs? (Pt. 1/2)" video.

  1. Bitcoin is a scarcity. Not a commodity, not a derivative.
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  2.  @greyrabbitfinance  you need energy to mine gold, so with your logic, gold is a derivative too.
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  3. So buying inferior products i.e. altcoins is a good idea?
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  4. Nah. You have a central point of failure with whoever holds the commodity.
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  5. That's just an altcoin. There is no second best to BTC.
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  6. Buying Bitcoin is one way.
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  7. Lightning network is Bitcoin without counterparty risk.
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  8.  @adamx9949  similar risks as a hot wallet, sure, but that is fine for small daily transactions. The issue with a blocksize increase is that makes it harder to run a full blockchain node, centralizing layer 1.
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  9.  @adamx9949  false. It is extremely meaningful to be able to verify the work done by miners and ensure they are abiding by the consensus rules. There are some altcoins that have that model you describe, such as BSV.
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  10. Wrong.
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  11. ADA is easy to replicate. BTC is the best and there is no second best.
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  12. Good thing you can hold Bitcoin yourself.
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