Are we all OK with a 50% win?
We won the battle of Bitcoin the asset, but we loose the battle of Bitcoin the currency?
Are we OK with this?
#asknostr nostr:note15pt0937hev0plkljqa4kfa26644lh0gt73l99cg7726srq62mhss5ljj9x
Discussion
Bitcoin is the antidote.
USD is the poison.
For the first to win, the second has to lose. Or it’s all pointless
Also, who gives a fuck what they say. What they do is all that matters.
Why would the US kill it greatest weapon? Because they will be forced to do so by the rest of the world.
So please, keep alienating your allies, it only brings us closer to “victory”
I’m okay with winning the battle of store of value first. Then winning medium of exchange after.
If bitcoin is the most valuable money over time, I think it will naturally eat every other money.. just a matter of when.
Then we will Medium of Exchanges on top (stable coins, USD, etc) and people will convert BTC to MOE to buy things, the seller will convert the MOE to Bitcoin. It’s only a matter of time till both buyer and seller realize they don’t need to pay a conversion fee as it is an inefficiency in their trade, and to use the best commodity money back and forth as it is a great medium of exchange as well.
So long story short.. yes. I’m ok with winning 50% of the battle. Cause you gotta win 50% before you win 55% and on.
Definetely NOT OK.
Without becoming a widespread currency/means of payment its asset nature can't and won't last for long.
💯
Or maybe I'm completely wrong in this assessment.
But... what use case value can it have if not as a means of payment of last resort?
Here is my Bitcoin Paradox:
The only real use value it has is its exchange value, not the other way around.
Since it's neither equity, nor credit, nor a commodity, nor another means of production. It doesn't shine, you cannot wear it, you cannot fire it, you cannot eat it.
It's the perfect money as long as it becomes/remains money. Otherwise it's useless.
Yeah, it's a bit of a chicken and egg problem: without its use in trade, it has no real value as an asset. without its value as an asset, it has no use in trade.
Fortunately (it seems to me), speculation on eventual widespread use in trade has temporarily bootstrapped its value as an asset. Now, we just need widespread recognition of its value as an asset in order to ignite widespread desire to trade for it (or at least for some derivative of it).
What I think we need now is faster widespread uncensorable L2 and Sidechain adoption, merchants onboarding vs slower nation states and bank hoardings.
Plus a better decentralization of mining and better incentives to core and L2 developers.
If left uncheck mant L1 bitcoin subsystems tends towards centralization.
I can allow this, as long as we get Monero and doggie coin the currencies
Also get stores accepting gold and silver for people who want to use money harder than any currency
I am 100% in favour of a gift economy.
The concept of private property, the commercialisation of everything, and ownership is what leads to what my indigenous brothers and sisters would call "wetiko"...
I'd be okay with that. However, depending on what you mean by "Bitcoin the currency", my view is it's either impossible or inevitable. That is, native onchain Bitcoin widely used as currency will be impossible (it won't scale); but, some derivative of Bitcoin the asset being widely used as currency is inevitable (once merchants widely recognize it as the superior money that it is).
Bitcoin the currency is extremely easy to define.
"I can use Bitcoin to pay for a pint of milk or a house everywhere, with equal ease."
I now think of Bitcoin Layer 1 as the bank RTGS system.
I think of Layer 2's and Sidechains as a commercial world of Bitcoin merchant services, including a free tier for those wishing to be self sovereign.
Good definition. That falls into my 'inevitable' category, then.
Riding BTC to $100k, dumping it on the banksters and then converting $ to XMR for less than $200 a coin, using that as money - would be a pretty epic move.
Storing our wealth on a public blockchain for the government to see how much everybody has is a MEGA IDIOTIC IDEA.
Give the surveillance coin to Saylor and Blackrock and join the cool kids.
Monero has a valid use case and is the leading privacy coin.
I’ve discussed that here before, but trying to win an argument by calling your target audience MEGA IDIOTS is guaranteed to loose them. Just in case you’re wondering why you’re not an effective advocate for your cause.
My suggestion would be to study Bitcoin, because Bitcoins public blockchain is one of the three the most important features.
I enclose my previous discussion on Monero here:
nostr:note12t0jq5apcesyu627l38fdcj6ch4euqfyn7n6lcy945c2ezwjl80q4n4nd6
There is a difference between calling somebody a MEGA IDIOT and saying the behaviour is MEGA IDIOTIC. You may take a week off and reflect on that, maybe you understand the difference.
After that, i am happy to hear from you how it is not idiotic to save ones wealth on a public ledger?
If the government knows how much everyone has, they are going to want it and after that, take it. You can be sure about that.
If there is a leak or a hack of a major exchange and its KYC data, every criminal in the country can figure out how much people hold and visit them with a $5 wrench.
Imagine the outcry if the government would mandate everybody has to store his wealth on a publicly visible bank account. Why? Because everybody would realize how retarded that is and how easy we make it for the government to create a tyranny.
But as long as we call it "freedom money", that is a great idea?
And i did not even start about the implications of non fungibility. It will lead to a situation where we chain analyze each other, even in p2p transactions because nobody wants to buy tainted coins which cause problems later.
So, just to be clear!
You're happy to ridicule and patronise a supporter like me?
You're happy making moot points about your IDIOT statement?
Interesting social skills you have. I have a lot to learn from you.
Retard is a great word isn't it 😂 😂 😂
If you read the previous discussion, you will notice a big difference. That advocate respected me and the discussion, so it progressed well and ended with a degree of mutual consensus.
How do you think this conversation is going so far?
This is an interesting site:
i think its going great and you take shit way too serious :)