| > Not only do Bitcoin exchanges have a horrible track record about keeping your coins secure ... I've been using Bitcoin since it first went public. And I have never used an exchange. They want to know too much, for one thing, with all that KYC bullshit. And as you say, they can't be trusted. But I have used less formal exhange services. And although I've been ripped off a few times, it's worked well for the most part. > ... it is grotesque that you fear the monetary policy for your "moneys value", when Bitcoin can collapse to 0 any time enough people lose interest in it for speculation. You keep saying that, but the data doesn't support it. Just look at Bitcoin price history. I used a nine-month moving average for price. And plotted log price, to clearly show older prices.[0] After the peak in early 2013, price bottomed at ~50% of peak, until the next peak. After the peak in late 2013, price bottomed at ~20% of peak, until the next peak. And the bottom was about twice the previous bottom. After the peak at the end of 2017, price bottomed at ~50% of peak, during early 2019. And the bottom was ~17 times the previous bottom. So there hasn't been any "collapse to 0". 0) https://keybase.pub/mirimir/Bitcoin-history.png |
