Subnostr

You're right, culture not the same everywhere.

How many people do you think, think critically for themselves, instead of just believing what they read and what they're told?

I was thinking of people repeating again what Mr. Saylor says, or maybe more importantly anyone who does not consider the chance of bitcoin failing. What do you think the chance of so-called 'hyper-bitcionization' is?

HoloKat 1y ago

The IQ bell curve feels pretty accurate when we are talking about Bitcoin. Being on either side of the spectrum is beneficial and it does feel like bitcoiners fall on either side (at least from my own personal experience). Of course, I try to be around people on the right side of the curve, but I can't discount the retards because they are also winning. I also don't know if I'm the retard (most likely).

For me to answer your question, I would need to know what you imagine hyper-bitcoinization to look like. Are we talking about taking over all or most investable assets on earth, or being used as money day to day? Also, I have no idea what time frame you are thinking about. Are we talking 30 years? 50? 100? 150?

I think there is a very large chance that bitcoin succeeds by repricing everything. Will it face many obstacles? Probably. Will it feel bleak at times? Maybe. Do I think it's just going to stop? No. The number goes up technology ensures that people participate for personal gain and the more people are invested in it, the harder it is to stop. Personally, I think that point has passed already. I think Saylor is correct in most aspects if not all. Once you discover fire, you don't just put it back.

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Discussion

Jeroen ✅ 1y ago

My reason for organizing my follows was to see more from people to the right of me, to hopefully learn and think at a higher level than I currently do. I do feel I'm using my brain less than optimal for a good portion of time.

Let's define this point as bitcoin being used as money day to day, where I can pay my groceries, rent, and utilities with sats here in Europe.

My thoughts, and I'm interested to hear your view on this:

Money = power.

And the powers that be in this world, US, China, RU, and EU, want to maintain their power. I think as soon as they feel their power threatened by bitcoin they can squash any bitcoin company within their jurisdiction, easily, and any small business accepting bitcoin. Though it seems unlikely they can fully abolish p2p usage and mining. I.e. individuals can have boating accidents, but larger organizations can not.

Can these countries use bitcoin to their advantage without controlling it's use?

Will adoption of bitcoin undermine their power enough to degrade their ability to stop further adoption?

Even if it's use is limited to just a store of value, they can tax it to inconvenience.

Maybe it's me but I can't remember reading a solution to this.

I think if we can not separate the organization of people into businesses, from their dependence on government and law, there is a <50% chance for bitcoin to see mass adoption.