Some of you may dislike me for saying this, but #Bitcoin and the United States Dollar will coexist. The United States is the superpower of the world and the center of innovation, and it will continue to hold that position.
Discussion
USD is global reserve currency, #bitcoin is global reserve asset.
Store of value first, then medium of exchange and finally unit of account takes some time and we’re still just getting started!
Bitcoin is still a currency and a form of money, not just an asset or digital property. That’s one of the misleading narratives saylor presents to the world, but imo this is incorrect. Bitcoin will continue to be used as money in many regions such as Africa and the Middle East. It will render many worthless currencies, like the Argentine Peso or Turkish Lira obsolete but the US Dollar will endure.
I don't dislike you for saying this, but that's short terk. The key to US primacy over the next 500 years is #bitcoin. If Trump follows through on the SBR, he will probably go down as one of the most important president's in US history.
💯Agreed.
After all, going back to a gold standard and ditching fractional reserve banking achieves many of the goals of Bitcoin. For people like me who can't buy Bitcoin, going back to that is the only real solution unless KYC is eliminated or severely restricted, so I'm okay with the USD remaining alongside BTC.
Why can’t you buy Bitcoin? There are non-kyc platforms you could use.
I've had several relatively infamous posts here that describe the issue, because some people on Nostr can't accept that not everything is perfect in Bitcoin world. That said, I don't want to bring up all that drama again, so I'll explain the basic issue here.
The main problem is that even on no-KYC platforms, virtually all of the payment methods require KYC themselves, defeating the purpose. The only other real option is to use cash by mail on platforms that support that and I'm definitely not doing that.
Other suggestions have included gift cards for Amazon and the like, and that might *possibly* be an option, but nobody seems to have any offers that would fit into my budget. I'm not spending more than $50 on Bitcoin at this point because I'm not all-in, per se. I could create an offer, but I don't really have the time to sit and manage something like that. I'd rather just buy and move on.
As for in-person options, there are ATMs and there are meet-ups. In terms of ATMs, the only ones near me charge a 20% premium, which I've been told is way over average, and it's definitely not something I'm willing or able to pay. In terms of meetups, I'm in a rural, small town, kind of in the middle of nowhere. I'd have to drive quite a distance to get to any nearby meetups, and for something that I'm just looking to dip my toes into, that's not really viable, especially right now when I have very little free time to begin with. This is even more of an issue because I don't drive and I'm not Ubering.
So yeah, that's the basic gist of why I've given up on even trying to actually get into Bitcoin. It's not for a lack of trying, I've done all I can possibly do. I'm fine with using cash in person, that's what I've been using my entire life. And in terms of online purchases, there are things like prepaid Visa cards that I can grab, which are just as useful and don't require me to KYC to buy.
Well, I see you have XMR listed so hopefully you're acquiring some of that somehow.
I'm in a somewhat similar situation, unfortunately I've already KYC-d because of ignorance at the time but also because I want to encourage a culture where crypto use is normalized.
I double down on Kraken because I think monero shouldn't be delisted.
Though in the future I plan on acquiring my Cryptocurrency KYC Free when I am able to do so.
Why can't you buy it?
If KYC is the problem you should check out kycnot.me , it lists multiple Decentralized exchanges like Bisq where you can buy Bitcoin with cash, and without KYC.
You can mine cryptos, and use swapping services, or atomic swaps too.
Well, they both coexist currently, and will for the foreseeable future, but the Dollar will die before long and Bitcoin will reign supreme. Read The Sovereign Individual.
Think so too. Its not an either/or but a both/and relationship. At least for the next 1-2 decades. After that? Who am I to know or predict? 🤷🏼♂️