Why Bitcoin?

OK, technically bitcoin is not really “worth anything“. Rather, it is also a bit of a fiat currency; people have faith in bitcoin, crypto, crypto technology, they essentially have faith in technology.

Finally as of 2024, I finally find bitcoin and crypto to be very very useful, ever since the advent of the Coinbase visa debit card, you can actually use your earnings profits and from your cryptocurrency assets, to buy real things like meat at Costco! Or a simpler thing is to just cash out some of your profits from your cryptocurrency gains, transfer it to your traditional bank system, then use that to pay rent money utilities etc.

Also where I find using a Coinbase visa debit card for expenses and things is interesting because, the promise that the value will go up in the future.

A $500 million dollar pizza?

The funniest story of all time, I think in 2009, when somebody on the Internet ordered a Domino’s Pizza for 20,000 bitcoin, I think as of now, assuming that bitcoin is worth maybe 40,000 a bitcoin or something… That is a $500 million pizza.

This is also made me a little bit more considerate about finances; for example, if you spend 100 bucks today on that stupid thing, what if that hundred dollars today could be worth a million dollars 30 years from now?

This is where time discounting, in time utility of money is interesting;

How critical valuable or whatever is that thing right now, versus the possible utility of it 30 years from now? Or even three, 5, 10, 12, 20 years from now?

CRYPTO BY KIM

Brave new world for photographers and crypto:

A $500 million dollar pizza?￼￼￼ ￼

CRYPTO BY KIM

A $500 million dollar pizza?