this post was submitted on 04 Dec 2023
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Microblog Memes

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A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.

Created as an evolution of White People Twitter and other tweet-capture subreddits.

RULES:

  1. Your post must be a screen capture of a microblog-type post that includes the UI of the site it came from, preferably also including the avatar and username of the original poster. Including relevant comments made to the original post is encouraged.
  2. Your post, included comments, or your title/comment should include some kind of commentary or remark on the subject of the screen capture. Your title must include at least one word relevant to your post.
  3. You are encouraged to provide a link back to the source of your screen capture in the body of your post.
  4. Current politics and news are allowed, but discouraged. There MUST be some kind of human commentary/reaction included (either by the original poster or you). Just news articles or headlines will be deleted.
  5. Doctored posts/images and AI are allowed, but discouraged. You MUST indicate this in your post (even if you didn't originally know). If a post is found to be fabricated or edited in any way and it is not properly labeled, it will be deleted.
  6. Be nice. Take political debates to the appropriate communities. Take personal disagreements to private messages.
  7. No advertising, brand promotion, or guerrilla marketing.

Related communities:

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[–] Speculater@lemmy.world 2 points 2 years ago (1 children)

Long enough term, it's guaranteed 100% loss though, you just feel like you'll know when to pull the trigger. I divested everything when I 10x'ed my money... when Bitcoin were $1k each. I realized that that ride is a fucking roller coaster and I didn't want on it. Do I wish I had $500k worth of bitcoin right now? Hell yeah, but fuck me if it couldn't have gone the other way.

[–] SuckMyWang@lemmy.world 4 points 2 years ago (2 children)

Isn’t regular money the same? I mean isnt it down 99% in 100 years or something?

[–] Dewded@lemmy.world 1 points 2 years ago (1 children)

Depends on your currency.

USD or EUR? Probably more like 20-40%.

Venezuelan bolivar? 99% is a pipe dream.

[–] SuckMyWang@lemmy.world 2 points 2 years ago* (last edited 2 years ago) (1 children)

Since 1913 the US dollar has lost 96.8% of its value. So yes 99% was incorrect

[–] Dewded@lemmy.world 2 points 2 years ago (1 children)
[–] SuckMyWang@lemmy.world 2 points 2 years ago* (last edited 2 years ago)

I know they’re not comparable but bitcoin has increased in value around 70 000%. There’s no centralised money printer so supply can’t be diluted and its other feature is its transparency. The funny part is how much value you can attribute to the transparency. It’s so easy for any system to have transparency but when it’s centralised it’s always a conscious decision by the designers to make it closed which will always attract suspicion and erode trust, as it should.

As long as there are bitcoin believers the trend will continue, it doesn’t matter if you personally think bitcoin is stupid or not. I personally think it’s ok but there’s probably better ways to preserve wealth transparently. The only question that matters is will everyone think bitcoin is stupid? As long as price goes up long term answer will be no. Keep in mind in 100 years from now the US dollars value will probably drop another 97% on top of what it’s worth now.