Reasons why I hold BTC. by fijimermaid

hive-175254 · @fijimermaid · Nov 17 '20 (edited)

$5.48

Reasons why I hold BTC.

![image.png](https://cdn.steemitimages.com/DQmRayD6vGbTegnESLjTjRmLbNU6pnbM3dckvdQeG4gKcRp/image.png)
https://pixabay.com/photos/bitcoin-cryptocurrency-digital-2007769/

# Reasons why I hold BTC.

- I don't have to pimp my information to VISA and God knows who else everytime I buy a sandwich.
- It takes 10 minutes to send 10,000 BTC. And 10,000 minutes to send $10 (weekends included).
- I can actually own a ton of bitcoin.  I can't actually own a ton of gold.
- Bitcoin transactions are transparent.  Bank transactions are transpar...nah,  I’m just playin’.
- Bitcoin is operated by consensus. Fiat is operated by conglomerates. 
- In the famous words of Andreas Antonopoulos (paraphrased): "Your keys, your money; not your keys, not your money."
- 21 million bitcoin, that’s it!  2.1 trillion dollars; 3.1 trillion; 4.1 trillion...aye, who’s counting?
- I send BITCOIN (data) from Me to You.   I send FIAT (data) from Me, to Processor, to VISA, to Bank, to SWIFT, to Bank, to VISA, to Processor, to You.
- Bitcoin uses Proof of Work.  Governments use proof of inflation.
- Bitcoin is Trustless.  Fiat is Less Trusted.
- Bitcoin builds value.  Fiat builds devaluation.
- Bitcoin uses a blockchain.   Government uses Fractional Reserve Banking.
- Every bitcoin is accounted for.   Every dollar is not (velocity of collateral).

Stay frosty people.  Thanks for reading.

20% allocated to ph-fund.

👍 therising, project.hope, sultan-aceh, crypto.piotr, eric818, reflektor, stef1, hingsten, bippe, majes.tytyty, xpilar, gandhibaba, xiguang, gunthertopp, shortsegments, protoss20, ph-support, tysler, rishabh99946, bigpower, smjn, kryptogames, jerrybanfield, vlemon, maxwellmarcusart, ph-fund, discovereurovelo, chesatochi, yehey, drax, stever82, iansart, culgin, makhzar, lastminuteman, hassanabid, mowemu, awah, spoke, jack.russelle, roadofrich, samminator, e-r-k-a-n, fucho80, juanmolina, danishmmir, demondantv, steemit-pak, olivera-despina, upme, uyobong, dreimaldad, akdx, tolustx, famigliacurione, syedumair, travelnepal, mikitaly, josevas217, unbiasedwriter, clacrax, damla, adityajainxds, machnbirdsparo, and 162 others

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olivera-despina	15,400,301,528	30%
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darthnava	631,275,764	15%
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ahmadmanga	265,448,953	15%
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ericwilson	427,388,766	30%
makhzar	29,658,500,174	100%
nadabrahmasounds	1,276,648,154	15%
travelnepal	12,500,543,907	15%
gbenga	8,891,623,605	30%
oluwatobiloba	1,550,717,717	15%
damla	9,481,982,967	15%
eric818	909,946,093,118	24%
danishmmir	17,277,418,637	21%
iansart	30,059,887,337	15%
clacrax	11,135,494,394	100%
jerrybanfield	108,377,216,821	15%
ironshield	2,606,446,760	15%
yehey	42,025,452,803	7.5%
samminator	20,384,269,608	30%
epixar	159,235,775	15%
gunthertopp	264,877,335,315	5.1%
pisolutionsmru	3,694,884,551	15%
flatman	331,750,705	30%
greatness96	1,963,395,619	3%
fatherfaith	550,345,728	30%
tfame3865	3,675,416,191	50%
qsyal	436,172,184	15%
syedumair	12,564,515,470	6%
hassanabid	28,144,702,365	15%
hdmed	816,675,580	30%
cifer	2,980,916,171	20%
nascimentocb	185,375,062	15%
sultan-aceh	2,406,548,275,116	100%
accelerator	6,595,729,529	1%
ogejoy	630,811,399	15%
vlemon	66,720,332,299	30%
drax	36,863,400,650	7.5%
majes.tytyty	410,258,318,842	30%
stef1	803,995,994,017	100%
upme	15,324,498,027	15%
thetimetravelerz	8,758,369,709	30%
bhoa	213,379,019	50%
alvinauh	4,779,575,906	15%
drags	1,916,776,602	30%
udow	9,092,799,200	100%
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siggiboy81	176,596,251	15%
chekohler	996,865,182	15%
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banjjakism	4,568,355,279	12%
acdevan	2,224,791,776	15%
mojubare	521,020,687	15%
drmincu	3,425,615,037	15%
madridbg	120,714,772	15%
mikitaly	12,414,127,243	9%
tolustx	13,515,265,284	30%
epicdominic	119,869,651	50%
adncabrera	639,577,223	15%
benie111	3,239,171,247	30%
adityajainxds	9,396,120,280	50%
emjoe	999,164,024	15%
teamnepal	901,537,460	7.5%
legoman	3,238,051,870	30%
smjn	126,769,036,469	18%
fun2learn	976,439,826	15%
gandhibaba	369,899,583,578	100%
ibad4242	212,335,644	30%
culgin	30,005,427,816	100%
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leoumesh	316,361,831	15%
rbalzan79	2,954,913,023	30%
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demondantv	16,614,649,759	21%
yameen	5,700,728,656	12%
therising	3,820,832,722,392	30%
tiket	1,361,235,978	15%
machnbirdsparo	9,349,309,207	24%
cyemela	6,756,861,605	30%
dreimaldad	13,893,988,539	50%
kgakakillerg	4,559,992,099	7.5%
taywilkins	125,350,744	15%
broadcast	307,001,321	7.5%
srijana-gurung	6,134,413,997	15%
fucho80	18,315,920,812	30%
ritxi	534,045,715	30%
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jjqf	2,796,796,751	30%
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bdmillergallery	687,590,295	25%
kolkamkwan	230,701,777	1.5%
tysler	159,381,211,835	28.5%
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council	375,494,880	7.5%
ihal0001	267,837,404	15%
meteoro	137,733,266	30%
abcor	5,881,744,672	100%
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mastersa	999,074,261	15%
bigpower	142,333,609,794	7.5%
coach.piotr	939,487,760	66%
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erica005	758,083,726	15%
floridelvalle	80,596,165	30%
stever82	32,526,442,008	15%
spoke	21,464,760,128	24%
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belkisa758	4,376,492,914	30%
smallbites	175,611,082	5%
alokkumar121	1,580,826,787	7.5%
mariluna	306,153,336	15%
tangela	1,713,738,078	30%
unbiasedwriter	11,180,584,152	3%
creativeblue	8,853,577,699	30%
lemedieval	102,357,763	30%
ojerinde	607,759,667	15%
besheda	247,047,607	15%
janettyanez	4,462,751,782	15%
budapestguide	5,269,673,809	7.5%
atnep111	727,621,503	30%
straighttalk	521,510,206	15%
ferrate	7,359,673,163	15%
healthexpert	390,472,944	15%
angelik-a	90,970,655	15%
dipro02	2,650,056,014	30%
mintymile	2,312,104,035	100%
reflektor	815,402,340,974	7.5%
drazeus	1,267,327,856	15%
bippe	418,889,617,171	7.5%
e-r-k-a-n	19,755,683,925	10.5%
hingsten	490,279,726,337	7.5%
robinsonr810	1,883,240,039	15%
maskuncoro	710,451,560	15%
bewithbreath	44,723,501	30%
schach	1,620,203,651	100%
beingrahul	572,588,141	15%
kryptogames	118,245,758,813	30%
happyvoter	4,126,003,933	100%
reeta0119	2,117,084,090	15%
maxwellmarcusart	59,659,825,871	100%
walterprofe	853,913,457	15%
zeruxanime	103,836,054	15%
juancho10	185,910,771	7.5%
roadofrich	20,509,435,906	24%
tomlee	559,754,527	15%
co2fund	909,858,347	9%
dcinside	586,120,780	15%
team007	1,197,950,935	15%
project.hope	2,833,088,948,813	31%
ufm.pay	6,573,049,786	5%
maxuvd	5,503,338,437	11%
maxuve	2,796,890,739	0.96%
crazysailor	308,983,244	30%
cryptomission	2,583,931,318	30%
tmps	1,753,555,118	5%
bilpcoinrecords	552,953,969	15%
mowemu	28,023,245,347	27%
simplex-world	5,021,883,818	30%
ph-fund	56,610,983,893	30%
jgb	123,623,397	22.5%
lotto-de	199,007,021	30%
jack.russelle	20,833,989,478	15%
wer-gewinnt	4,507,350,383	100%
gmlrecordz	147,649,977	7.5%
hope.venezuela	114,118,663	30%
stevespeaks	1,585,242,652	15%
awah	25,661,720,635	69%
photosnap	594,948,200	6%
marblesz	1,705,744,551	30%
ellaella	59,817,528	22.5%
jarrel	99,173,198	24%
rishabh99946	157,926,377,924	100%
frederickbangs	726,383,472	15%
emmanils	53,666,229	15%
ben-edom	1,217,195,910	15%
eni-ola	569,971,915	15%
papa-mensa	800,529,237	30%
steem.rise	1,488,663,020	24%
hosseinrad	7,106,107,598	30%
flowerspictures	364,096,710	5%
mypap	120,015,878	15%
protoss20	172,090,076,372	15%
mccoy02	8,956,470,419	100%
unyime	487,904,051	3%
vhenom	318,516,788	25%
melanur	1,154,037,930	30%
beckie96830	7,923,127,020	15%
ph-support	162,842,813,309	30%
okoyejoshua	110,285,660	4.5%
daverobe	2,588,392,659	15%
yhitsgregg	200,331,380	30%
ewiek	180,510,514	15%
deathtox	292,170,627	30%
discohedge	702,710,736	5%
punicwax	5,492,849,694	15%
sauravpanthi99	120,482,778	15%
swapapp	117,261,189	30%
steemit-pak	15,638,802,627	15%
dabeerahmed	471,918,134	15%
auc	1,512,486,820	15%
ribbly	2,217,953,852	100%
tim-12	295,994,202	100%

@reinaldoverdu · Nov 17 '20

> I send BITCOIN (data) from Me to You. I send FIAT (data) from Me, to Processor, to VISA, to Bank, to SWIFT, to Bank, to VISA, to Processor, to You.

This is one of the most important reasons to have btc, build a lot of trust and I see a lot of future and security for him.

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@fijimermaid · Nov 19 '20

Yeah, the "trust" being replaced with cryptographic proof is such a powerful aspect of BTC.  And the simplicity of exchange from me to you is so appealing.

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@stef1 · Nov 17 '20

I absolutely agree with you, luckily for many Bitcoin is established and only will move forward even getting more value than Gold int he future. Like you say you can do everything with Bitcoin and you are the manager of your account, once you have Internet. I hope you have some Bitcoin too. We have only probably a quarter or even less, have never thought that this is possible to possess a part of something that is still cost you a fortune :)

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@fijimermaid · Nov 19 '20

I know right.  It costs a fortune!  And its about to get more expensive, which I'm not completely sad about.  😁

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@stef1 · Nov 21 '20

$0.23

Hi @fijimermaid just wanted to share there is a new post about Tron integration into Steemit, although they created another wallet but you can log in even with posting key to create Tron account and ear Tron with posting on Steemit:

https://steemit.com/hive-192037/@spidemen/6egtp5-trx-integration-new-update

👍 fijimermaid, intrepidthinker

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1 reply

@mccoy02 · Nov 17 '20

@fijimermaid thanks for sharing, I've loved BTC since inception, although I bought my first bitcoin late, wish I bought more earlier.

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@fijimermaid · Nov 19 '20

$0.11

Me as well.  I can never have enough, hehe.

👍 sultan-aceh

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@chesatochi · Nov 17 '20

It is a great era to see this decentralized money to take the world by storm.

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@fijimermaid · Nov 19 '20

$0.11

It surely is!

👍 sultan-aceh

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@crypto.piotr · Nov 18 '20

Dear @fijimermaid

Some serious points here. I myself do not store much in BTC since I believe, that "money makes money" -> but only if those money are "in action". I'm not even sure if i'm making sense :)

> I can actually own a ton of bitcoin. I can't actually own a ton of gold.

how can you actually own a ton of bitcoin? I'm not clear what you were trying to say.

Yours, Piotr

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@fijimermaid · Nov 19 '20

$0.12

Sorry about the "ton" analogy.   I meant it as many governments forbid individuals from holding gold in large quantities (metric tons worth billions of dollars), but you can hold billions of dollars in BTC.  And you’re right, it doesn't make sense in a tangible way.  Bitcoin doesn’t have mass, like gold does, except maybe at subatomic scales :)

👍 sultan-aceh, crypto.piotr

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