Though this is a separate topic: bitcoin owned represents the real world work effort and encrypted security that makes up the 491.50 GB interlocking encrypted ledger.
And before SOMEONE has an autistic tantrum, Elon deleted that shortly after posting it, deliberately invoking the Streisand Effect to get people talking, and all I have is the screenshot.
Pretty much, always has been. Instead of giving taxes (or halt bankruptcy from eating at physical cash), you sell the โartโ (or in this case, the certificate) to the bank as collateral. This has been the go to bankruptcy protection for decades.
You own nothing physical, but you own a document that SAYS you own it.
So, Bitcoin
Hello, I would like to buy some gold.
"Good for you! It's a wise investment to make these days. Let me just write up a..."
No, I don't want a certificate. I want the actual thing.
"...what are you a troublemaker or something?"
Ahh, NFTs.
Though this is a separate topic: bitcoin owned represents the real world work effort and encrypted security that makes up the 491.50 GB interlocking encrypted ledger.
Bitcoin is just another stock in the stock market. Anyone who says otherwise is coping so fucking hard it hurts to watch.
If you can't hold it, you don't own it.
I "own" some shares of stock, and I'm not sure of those either.
Also: SAmsung, TOSHIba, NAKAmichi, MOTOrola
My keys to the ledger are on my backup external drive. Unlike this home I'm living in, I can prove that I actually own those.
For your benefit, I will be holding that drive in my left hand, as I press the save key on this post.
You're not calling Elon a liar.
And before SOMEONE has an autistic tantrum, Elon deleted that shortly after posting it, deliberately invoking the Streisand Effect to get people talking, and all I have is the screenshot.
Pretty much, always has been. Instead of giving taxes (or halt bankruptcy from eating at physical cash), you sell the โartโ (or in this case, the certificate) to the bank as collateral. This has been the go to bankruptcy protection for decades.