Nostr Web Client

btc is still a project.

it is going into the wrong direction.

no privacy and statism is the wrong direction. if it has no privacy and no returns, why should anyone hold it? confiscation is very silly argument, at least in the usa.

btc gets outperformed by most tech shares and by many other more modern cryptocurrencies. compare performance in the last 5 years, 3 years and 2 years.

Garth Algar 1y ago

?Outperformed by which tech shares exactly? Only NVIDIA performed better for a short time, no longer the case. Then you have btc related shares like Microstrategy, Riot, Mara, Block which performed better depending on when you entered. Beside that there is absolutely nothing that has performed better if you hold it 5-10 years.

I want to make the point again, monero gets constantly developed you say, and there are returns (also there is no cap btw). These 3 attributes you would want for a torrent, real estate, software etc., but you definitely shouldn’t want it for money! Please have a look at the roots, mechanics and history of money, how one by one have failed due to overprinting it and by loosing to more sound/solid new money types.

Rocks, pearls, muscles, salt, fiat currencies… this will show you that you want your protocol to be stable and un changeable and nothing else.

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Discussion

dr.fred 1y ago

tesla,palantir,sofi,netflix and many more. almost all good tech shares and if you trade options on them you outperform by 10 or 100.

btc is dead capital. useless

Garth Algar 1y ago

You say you trade those to get gains, which not everyone can, meaning the few who gain (especially insider traders) take from the majority that looses. So it is a „gambling light“ version.

Perfect example to make my point again.

It is about the money itself, not the promises of returns we are being fed from all markets for even the most none-sense assets. People are fed up of having to gamble with their hard earned money just to try to not loose purchasing power. BTC for the first time in many decades, gives people back the simplicity and beauty of being able to save their hard earned money without getting debased (state money printing) and therefore not having to gamble with it by putting it into some none-transparent, shady deals/investments/assets.

Give up perfection, a good option is often better than the best option b/c the best option always leaves polarisation, division and turbulences behind.

As long as states continue doing what they do which is the irresponsible printing of money out of thin air… BTC number will go up b/c of it’s limited supply.

BTC will make day traders and asset traders look dumb, b/c trading will basically become more and more a waste of your limited time you could use much better for things that really benefit you and the people around you.

Also pls consider that the ability to trade you have mentioned is the reason why for example house prices are on perverted levels. Now their owners can not increase rents fast enough, to pay the increased loan rates and skyrocketed handyman and material costs, so this great system is just about to blow itself up.