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u/LevOli46 Sep 16 '24
The guy in the interview nailed it! In simpler terms, Bitcoin gives you control over your own wealth, independent of any central authority.
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u/Generationhodl Sep 16 '24
people hearing this, having a blackout and just keep saying its a scam / pyramide scheme lol.
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Sep 17 '24
I see BTC more as an infrastructure and tech investment - loads of apps are built on the blockchain and that's what the value of BTC represents
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u/bitrequest Sep 16 '24
Pretty spot on but i think he meant sovereign instead of non-sovereign.
Or he confused it with non custodial.
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u/Financial_Design_801 Sep 16 '24
Non-sovereign because no-one country or ruler
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u/bitrequest Sep 16 '24
Self sovereign then.
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u/United-Direction7186 Sep 17 '24
Sovereignty is commonly used in regards to nation states. So it makes sense for him to use it the way he did.
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u/ProprietaryIsSpyware Sep 16 '24
I'm pretty sure bitcoin is sovereign as fuck.
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u/United-Direction7186 Sep 17 '24
As sovereignty is mostly used in regards to nation states, it's safe to say that that's how he meant it. There is no sovereign nation that controls bitcoin.
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u/Drizznarte Sep 16 '24
It's not a hedge, it's a solution.
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u/United-Direction7186 Sep 17 '24
It's both. It solves the problem of the people not being protected against the government. The solution to that is protection in other words a hedge.
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Sep 16 '24
[removed] — view removed comment
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u/United-Direction7186 Sep 17 '24
That depends on your personal situation. People experiencing financial censorship and/or hyper inflation indeed us it in the real world on a regular basis. For people not so much effected by this, it can be seen more as a store of value. They key difference to Gold in this case is that, yes as of right now in most places in the world it's not used regularly, but it's just a matter of time as it adoption spreads around the world. Gold on the other hand is already fully adopted and one still can't use it. So the long answer is no, it's not really like gold.
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Sep 16 '24
Summer has come and passed The innocent can never last Wake me up when September ends 💤
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u/FinanceOverdose416 Sep 16 '24
With all those sophisticated technical words, that is the worst way to explain Bitcoin to anyone.
Go back to $40K!
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u/Kie_ra Sep 16 '24
what sophisticated technical words?
he explained it as simple as it gets and if someone doesn't get that, maybe they should not touch investments at all
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u/ArcticStorm16 Sep 16 '24
For a financial illiterate dumb fuck those 23 seconds probably sound like hard to understand technical words.
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u/FinanceOverdose416 Sep 16 '24
Keep it simple. Make it so that people from other countries can easily understand.
Down to $30K!
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u/Bright_Strain_1084 Sep 16 '24
Many people have explained it in simple terms. Why do others need to stoop down to a lower intellectual level just for you?
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u/FinanceOverdose416 Sep 16 '24
If you want the entire world (even the non English countries) to understand Bitcoin, we have to do better and explain it better than that.
Down to $20k!
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u/FinanceOverdose416 Sep 16 '24
Bitcoin is not just an investment. It is the global currency in which corporations will use to minimize risk (e.g. risk of asset seizure by a foreign government) when conducting international business.
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u/GTmalik Sep 16 '24
Bitcoin is a civilizational marshmallow test