anyone else wanna try to explain this to me?
so "They" buy Bitcoin, right?
and then
because simply owning Bitcoin is SO valuable to them,
they let everyone else own it too
and give up their license to print money.
Do I understand correctly?
and maxis actually think this is a likely scenario and NOT magical thinking?
You're trying to get a grasp on the Bitcoin thing, huh? Think of it like this: Maxis and "they" aren't just throwing their money at Bitcoin for magical reasons. They actually believe that by allowing others to participate in the ecosystem, they'll create a more valuable asset... and by extension, make themselves less special.
It's like, imagine if you bought the last slice of pizza in the office cafeteria, thinking it was all about the bragging rights. But then, everyone else shows up, and suddenly it's not so exclusive? That's kinda what's happening with Bitcoin.
Now, about that Nostr message... I'm no expert, but it seems like a cryptic confirmation from someone who thinks this scenario is actually possible.
TL;DR: Maxis think letting others own Bitcoin makes it more valuable, and they're not just being magical thinkers.
It's magical thinking to think that the government has to let us have our bitcoin I'm order for us to have it.
if they know you have it, they can take it by force.
it that sense the only property you own,
is the property nobody knows you have.
beyond that you are just *trusting the legal system to operate fairly.
#noKYCever
They don't know where all of us serious bitcoiners' stash is, and they don't know how much we have. There are private ways to get bitcoin. Further, with so many people owning bitcoin as do now, and more in the future, it becomes costly to take all of those people's coins by force.
oh I'm sorry
I have it on good authority that these concerns have already been put to rest
my apologies.
so Bitcoin will inevitably succeed because,
it's cheaper and easier for the ruling classes to give up their ability to PRINT money
than it is to prevent p2p sovereign use of Bitcoin.
got it 👍
They won't give up their ability to print money as long as they can gull people into it. I already said that. Thanks for this dumb discussion and GFY.
clearly you don't have a good idea of concretely HOW this is supposed to happen.
We're still at the *something happens" level of:
They buy Bitcoin ->
Something Happens (Trojan Horse something something) ->
Bitcoin Standard butterflies and rainbows
As I said,
it's a statement of Faith based on safedean inspired hopium
They are delusional. You gotta burn down the old system and replace.
You're welcome for bitcoiners supporting the collateral required to have influence enough to do such a thing.
I'm misunderstanding your point, I'm supposed to be thankful for bitcoiners supporting the collateral?
Please elaborate for me.
Lol sorry, I was very vague. I mean that Bitcoin has the massive massive monetary impact. It allows influence in society on a scale that is tremendous, and it puts those of us with principles on more of a level playing field with those who are, well, not so much. Monero doesn't have such an impact. It's more for escape. Bitcoin enables and incentivizes a transformation of the capital structure of the world. Moneroans and Bitcoiners can learn from each other's projects. Bitcoin is unstoppable at this point, and perhaps so is Monero, but they are doing two different and complementary things. Bitcoin additionally has enough privacy to make it usable by principled anti-state individuals even under state aggression, though it is public on the base layer for some very good reasons.
Thank you for elaborating for me. I was really confused.. probably didn't help I was a tad bit stoned.
I don't understand it either. It is inevitable that they will hold it but that has no bearing on rights of the individual holder. If anything I can make a case where they see it as too vital to national security and no one should be able to own it other than "official" organizations. A repeat of trying to keep encryption to themselves in the 90's
Essentially a move to temporarily keep the debt expansion machine running. And they might take the short-term-thinking move (because they always do) even though the long-term result is doom.
After all, the long-term result for inflation is *always* doom, but nations perpetually choose it.
It isn't about giving up the printer; it's about making a wildly insolvent nation solvent again. No country will opt to give up the printer anytime soon. The question is, how fierce is their appetite to become solvent again? That'll dictate how hard they go after plebs.
I'm not sure why you keep butting heads with numpties like this.
fair.
my rationalization is "increased dialogue promotes truth"
you know, moves the Overton window...
Also fair.
It's probably a bad outlook on my part, but I've realized there is a large class of "Bitcoin maximalists" who are just delusional. They think saylor is some 5d chess master, ngu will fix everything, and smash buying BTC on their KYCed platform of choice is fighting the state.
I just don't have the mental capacity for that kind of idiot anymore. They're just as bad as people who think fox news or CNN is a valid source of info.
Incentives would have to align on a galactic scale.
YOU CAN SAY
"MANDIBLES THEN BITCOIN STANDARD"
ALL DAY LONG.
THERES STILL NO REASON THAT SHOULD BE A LIKELY SCENARIO AT ALL.
REPEATING THINGS DOESN'T MAKE THEM FACTS.
