Replying to ringo

that was interesting and here is my main thought about it:

the thing is, as best as i currently understand, bitcoin only goes up for two reasons:

people buy more of it, or, there's an increased demand for it.

but my main problems with this, are as follows

- cbdc is emminent, and when that occurs it will change a lot. stay with me a sec.

- when people globally "hypothetically" want to use bitcoin, but cant get any, how does that help any of them? are we hypothesizing that the entire world, is just going to use whatever liuidity is in the lightning network. and adjust the price of everything, based on an ever changing metric of how many scraps are in the digital bucket?

-are we to assume that bitcoin will only be valuable because if the holders of it are the only ones who can get it, in a post cbdc economy, this somehow makes the people holding it more useful, or more valuable somehow?

-on the last point, i would argue that it doesn't make those people more useful, primarily because human nature is such that people are greedy, and only self serving, MOSTLY and by most i mean about 90% of the global population. so you have people who cannot afford to buy food, because they are having cbdc, and their money got turned off, expired, or they went outside of their 15 minute city, or they lost too many social credit points , or what have you. and they need bitcoin to buy food and pay rent? how is this fair or even possibly imaginable, in anyones wildest dreams? it simply wouldn't take. they'd be rioting in the streets, for bitcoin to increase the market cap, so they could have a chance at having some money. even with all the halving, which just eventually brings it mathematically close to error divide by zero, there still wouldn't be enough to satisfy global liquidity needs, based on how people currently live.

where i'm going with this, is while bitcoin is a nice idea, and has a lot of cool things about it, i dont think in my wildest dreams as its presently configured, that it would *ever* satisfy the requirements for a global currency.

not today, not tomorrow, not next year. simply put, never.

and i do realize most of the things i mentioned above are largely left -out- of all the popular hype and books and stuff, unless i've missed these details.

thoughts welcome.

Alot of people i talk to say this “its a ponzi scheme that disguises itself with technology like everything else since the internet became big.” Younger ones dont want to get in because they say too much people are already in it and make money off others getting in too easy, they’d rather start a business and compete with regular people who arent good at business, they look at what their competitors are and say they can do better” most people i know under 25 make more money off social media and reselling things than they do a 9-5.

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yeah what i find interesting about the young folks, most of them as you said would rather do something like sit around and "look cute" and play video games, or start some kind of as you mentioned reselling business. it's really interesting, because these outfits fit into a secondary gig economy based on already manufactured goods, and in the first example, mens stupidity, and their lust.

i've looked at twitch tv to study it briefly, and found it horrifying that some people have so many messages streaming into their channel not only is there no possible way to read it, but its almost an epileptic inducing amount to just watch their channel . what it really tells me though, is that is massive amounts of miscalibrated, and wasted human energy and creative potential. (with regards to twitch anyhow.)