Topic: Bitcoin has become nothing but the new Che Guevara T-shirt (Read 191 times)

Ah, the irony of Che fulfilling the capitalist dreams of t-shirt makers and stroking the hormones of pimply teens writing Sunday pieces for economics 102.

In all seriousness, though, with all the talk of Bitcoin becoming the playground for institutionals, good to see retail interest still strong. Maybe people will be stacking sats with the same fervour they used to hunt Pokemon.

Found it different than what you've mentioned. As we all know he is famous due to what he had done in cuba, and even his face becomes the symbol of a revolution and innovation the same as what bitcoin being accomplish.

That's why instead of che's face on a shirt as the old way, why not bitcoin that symbolizes revolution and innovation in finance?

I find Bitcoin to be the best combination between hedging your assets and compounding. Because it is so scarce and underrated compared to other type of assets, it offers great opportunities for compounding your investment. I've seen a recent statistic which shows that the average annual return from 2016 until the present has been 244%. That growth is mind-blowing for any kind of investor, beginner or experienced.

I think people should buy a shirt if they like it, but have a clear delimitation between their spending and investment money.

Its a hard hitting article.
The writer is making the point that our [generally speaking] vision has changed from
being part of an anonymous revolutionary movement to almost the complete opposite.

We have given up our anonymity so that we can buy bitcoin and sell it back to the same
people and institutions which we are supposed to be seperate from.

We all know Bitcoin's use has changed. Governments and Traditional Investors either looking
for profit or as a store of wealth/value are adopting it or embracing it either through regulation
or mining licencing. Average Joe and Jane public are speculating. Bitcoins values still remain,
it can still provide us with the means to be our own bank.

Cool article. Before I've read the text, I supposed that Bitcoin was like the new Che Guevara T-shirt because it was nothing more, but a fashionable item.

I agree to that mate. Many of us do not have any clue what Bitcoin is because I think only a few select people or groups of people know of its existence back then. If people have known about it in the past then many of us might have billionaires by now. So if you come think of it, the article might be spot on in some points but not everything is right. Many of us do not know about its existence hence we have not been able to buy a piece of Che's shirt.

I don't see the point made by the writer, its a story everyone can make, I think the pizza story is more significant than this one, am not a writer maybe if I had said I could have used my favorite shoe money to buy a Bitcoin back then, but no I couldn't because I did not consider buying Bitcoin then and did not know about Bitcoin then, so it won't have mattered.

It's very insightful. I only skimmed it but he/she is right, to a point.

Some of the values of the community have changed over time.

But we can still be our own bank. Bitcoin can't be frozen or seized like fiat can.


Perhaps we've beat the "bank the unbanked" stuff to death already. So we're all excited for mass adoption. For the technology to make POS and microtransations possible.
I've always seen the people who don't care about what bitcoin is as long as price goes up crows as people who will simply be here in bull markets and be out the door during bear markets, most of them not even holding on to a single satoshi and most likely buying high and selling low.


What drew me here is not the desire for profit but for freedom. The be your own bank stuff is powerful to me. Encrypted money that could be stored inside my head. I could in theory be stripped and beaten and still have a paperwallet in my head that no-one knows about.

It's something to celebrate that the powers that be haven't fucked us all to death. They know they can't, and it's a good thing they've allowed bitcoin to get to this point.

Eventually it can become unstoppable.

Our whole system is fucked up. But we can at least have this one thing. And this one thing can lead to great things in the future.

I wanna say that Bitcoin is not the new Che Guevara T-shirt. Especially if the author means it the way I think he does. But to make such a bold statement perhaps I need to read the whole article rather than aggressively skimming it.

At this point in time, it is true that the profit flow of bitcoin and all the transactions that are in our hands truly entitles us to freedom. being controlled by ourselves is something that has enormous benefits. besides that we learn to be our own bank, know where our money is, and what to invest in it. as you said be the bank itself, our own coins and also unlock our own.
Isn't that what we expect the most at this time, full control without a third party.

You will find this amazing article interesting, the writer just meant that the price he used to buy his Che Guevara T-shirt has been used by some people in the past to buy Bitcoin and have gained, while bitcoin at $35000 now, that it is possible bitcoin price will still increase to over $300000 as bitcoin is deflationary in nature with limited supply, although this can also take a decade or more but bitcoin will be spoken of in the future as it is spoken of now. On the news article also include why we should be our own bank, not your key not your coin. Also how bitcoin is getting adopted,  from individuals to institutions, from whales to institutions in a way banks even proposing now to provide crypto services.

If we hold, if we accumulate and hold, that most likely the price will still soar and increase the more, in which the price you can use to buy a shirt or any other small thing will turn to high amount over long time period if used to buy bitcoin.

https://cointelegraph.com/news/bitcoin-has-become-nothing-but-the-new-che-guevara-t-shirt