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@ Mike
2025-02-19 16:09:17
I'm not giving up:
https://i.nostr.build/2l1hx5MqbP1LgsEE.jpg
My draft notes:
Just to be clear, when you say “we only hold sterling”.
You don’t, the bank does, except they don’t either because all your money is lent out.
You just have an entry in a ledger at the bank.
Your sterling doesn’t exist.
This is why 2007/8 happened.
If you hold Bitcoin, you would hold it, not the bank, not a custodial service, you.
In the short term (less than 4 years) the price is volatile, we are in a bullrun year (6 - 18 months after the halving that happened on April 20th), so generally the price is rising, but other years Bitcoin can be highly volatile.
However with a time frame of 4 years or greater, Bitcoin is highly stable and extremely predictable and increases in value around 20 fold during each epoch.
We are in Epoch 5.
Epoch 6 will start at Bitcoin block height 1,000,050 around April / May 2028.