Omg I just posted about #bitcoin 🤦‍♀️ nostr:note1ghhl95ptpg2ra5zwrygh5z8srf4apw4qc056gn49wsl6m7tvjd0sd34raw
Discussion
This is the way
Is it just me or is the “why of Bitcoin” way more important than the “how”? It’s easier to start identifying the problems that exist and why Bitcoin can solve them rather than to fully comprehend the intricacies of the mempool. I don’t think everyone needs to understand as much as you nerds about how it works, so long as they understand why.
I guess you gotta know your audience too. Some people will enjoy digging into the technical details, while others could care less and just want a plug and play solution.
Yeah. It’s totally important that those technical individuals exist and continue to learn, but I don’t think everyone needs to be an expert in it to use it and appreciate it.
The why is important, I agree. For me, I had a hard time believing the "why" at all without understanding the "how." For instance, I could understand why a hard capped supply is important, or why no single entity should be able change Bitcoin. But without understanding how the network makes that happen, then I wouldn't believe that is even possible. So maybe it's just different for each person and how much trust you're ok with. I can't code, so it's not like I can audit the code and see what it's doing at that level. That's where trust comes in for me. But I can understand how the network operates and enforces rules, mines blocks, etc.
All I really had to understand to be on board and trust it is that a.) it has value (unlike the dollar that’s not even backed by gold anymore, the complexities of the algorithm and the energy it takes to hit a block, to me is value) b.) there’s scarcity so unlike the dollar, they can’t print more and decrease my purchasing power, but also demand. That was literally enough for me. I see inflation as one of the biggest problems and bitcoin can (pretty obviously to even me) solve that.
Yes 🙌 The question I had to understand the answer to before I was all in on bitcoin was why were these qualities possible to achieve with Bitcoin, but not other coins. In other words, "Why couldn't there be a "next" Bitcoin?" And it wasn't enough for me that someone simply says it's true. I needed to understand the how at least enough to decide for myself that "yes bitcoin is the real deal" or "no, these people are full of shit and morons."
Yeah that part can still be confusing for me, “the why no next Bitcoin”, but with that logic, “why no next dollar” ya know? Whether or not another coin exists and is successful still doesn’t change the fact that Bitcoin holds more value than fiat. So in that way, I don’t think I even have to be sure right now. Holding bitcoin is still better than trying to preserve wealth in dollars.
🔥🔥🔥
Aren't there multiple forks with nonzero fiat price?
Is there a limit to the number of forks you can make?
I been there