Then add something constructive to the post. Instead of a passive aggressive reaction.
Discussion
Against my better judgment, I will cast pearls before swine.
Bitcoin is set to deflate, permanently. Every time someone dies or drops their phone in the toilet or sends money to an inactive address, etc., that currency is DESTROYED. Gone forever, impossible to recover.
Over time, more and more people will destroy more and more bitcoin. It may be fast or slow, but the trend is permanent deflation.
So newcomers are stuck fighting over less and less bitcoin in circulation (assuming they fall for the scam and start buying into it in the first place).
Meanwhile the early adopters hoard the majority of it. The HODLers here. Before you know it, you, the early adopter, have disproportionate control over the bitcoin economy. Your current amount used to buy a book; now it buys a house; later it buys a yacht or whatever.
The newcomers will never have a chance, even if they are as smart as you and more motivated, to earn that kind of wealth, because you will keep it close-hold and invest it and leverage it in ways that ensure you never actually lose it.
Does this sound familiar yet?
Bitcoin bros just want to be the new banking class.
I await your response, in which you will surely tell me I'm wrong without actually proving anything. Good luck.
(And if I REALLY feel like banging my head on a wall, I might come back with a "suppose 100 people have 1 coin each" scenario, but you're probably not worth the effort.)
Your nauseatingly egotistical responses truly demonstrate how one dimensional your thought process is.
You under estimate how technology will develop, you really mean to tell me people will never learn how to pass down a valuable asset along after they pass a way? Hence keeping Bitcoin in circulation?
Your main argument is regarding how power will be disseminated. You’re saying that the power will be monopolized but the few with the most accumulated wealth, and guess what, that’s what’s happening right now! The current system, which I assume you align with more, has a dissemination of power disproportionately siding one side (the Fed) who is your true god, and that’s within an inflationary currency system.
A whole economy based on a true deflationary currency willl incentive creating value, sustainable based products, to require spending. That to me seems a lot more feasible. I’m not sure how power will be disseminated in a Bitcoin system but i putting my money where my mouth is and betting a world on a Bitcoin standard.
Your nauseatingly egotistical responses truly demonstrate how one dimensional your thought process is.
You under estimate how technology will develop, you really mean to tell me people will never learn how to pass down a valuable asset along after they pass a way? Hence keeping Bitcoin in circulation?
Your main argument is regarding how power will be disseminated. You’re saying that the power will be monopolized but the few with the most accumulated wealth, and guess what, that’s what’s happening right now! The current system, which I assume you align with more, has a dissemination of power disproportionately siding one side (the Fed) who is your true god, and that’s within an inflationary currency system.
A whole economy based on a true deflationary currency willl incentive creating value, sustainable based products, to require spending. That to me seems a lot more feasible. I’m not sure how power will be disseminated in a Bitcoin system but i putting my money where my mouth is and betting a world on a Bitcoin standard.
> Your main argument is regarding how power will be disseminated
False.
You completely missed the part where bitcoin is PERMANENTLY DESTROYED over time. Some will pass on their "wealth," and others will drop their phones in the toilet or send money to the wrong address or do other retarded things, because people are retarded, and you can't fix that.
> The current system
Deflecting away from bitcoin, never seen this tactic before! I don't like the current system, but that doesn't mean we have to jump from one awful system to another awful system.
> incentive creating value, sustainable based products, to require spending
Buzzwords
> I’m not sure how power will be disseminated
It seems my initial assessment was correct. You did not prove me wrong about the new banking class that you aspire to be a part of.
> betting a world on a Bitcoin standard
"I know you're right and choose to instead selectively ignore it"
Thanks for playing, maybe someone will have a halfway-decent response someday. It certainly isn't going to come from you.
no, you're right.
mostly.
bitcoin doesnt solve anything, and it's sacrimonious apparently to say that around these parts.
most people lack the big think, capability, and macro capability. and just live in the now and the present future tense.
probabalistic reality scenarios are not well thought out.
This. This right here is the danger. #[2]