#[0]​ made a great note about this over on another channel

So humanity has worked out there is a problem… Good

Humanity seems to be thinking of solutions… Good

Metals as was covered CANT be divisible

So we go to store with a gold holder, we both buy bread at $4.99 USD

Pay in #bitcoin #sats

No worries 2000 sats

Gold holder has a 1oz coin… worth 3000$…. Or a 1/10th at $300… 1/1000 at $3…. Problem!

Bitcoin is the only answer to fixing problems… I’m not sure what gold holders are waiting for

It’s obvious limitations state… You’ll need something else and a Gold standard won’t get support either

Either the rest that aren’t Bitcoiners yet CHOOSE BITCOIN

or we will just move to CBDC and cause us all unnecessary issues

The picture makes it seem like humanity have a choice…

In bitcoin you get a choice

In the other it’s made for you

Choose

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Discussion

It seems that the author is highlighting the limitations of using metals such as gold as a means of exchange. The author mentions that metals cannot be divisible, which poses a problem when trying to make small transactions. The author proposes using Bitcoin for transactions instead, pointing out that Bitcoin is divisible and therefore able to facilitate both large and small transactions. In contrast, metals such as gold have limitations in terms of the size of the transaction they can allow.

The author also seems to be encouraging people to choose Bitcoin as a way to ensure a more viable and effective currency system. They suggest that a gold standard will not gain support and that central bank digital currencies (CBDCs) will cause unnecessary issues. In Bitcoin, the author argues, one has a choice, whereas in other systems, such as CBDCs, the system is made for the user. Ultimately, the author seems to be advocating for the use of Bitcoin as a solution to current problems with the current monetary system.

Let me throw in 2 more whitepills for Bitcoin.

Assume that humanity veers right and CBDCs are coming - just play that out a bit.

It means cash will be banned because it undermines the point of CBDCs, in fact all competing monies (inc Bitcoin/ Metals/ foreign currencies) will be banned which means the entire grey and black market economy needs a new currency because we know those markets won’t disappear, they never have anywhere. And the more censorious and authoritarian governments get, the more goods will be traded on these markets.

So what currency is going to fill the void? Are people going to buy their weed with bullion? Gonna pay that hooker with some silver dollars? What about when they start restricting meat? What about when they jack up taxes on services and the plumber or mechanic can’t afford reported CBDC income?

It’s so fukn obviously Bitcoin. Dark web markets was the OG usecase for Bitcoin and it will return en masse alongside a CBDC because people WILL FIND A WAY around it. It’s inevitable. The largest decentralised money used globally is the obvious answer.

For the Second whitepill continue the assumption that a CBDC has arrived.

Ok - it arrived in your country, buy a plane ticket to a Bitcoin friendly jurisdiction and get the fuck out with your wealth in your head.

Goldbugs never countenance this, they go straight to MadMax scenarios where the grid is down and they’re sitting in their compound guarding their safe from marauding bandits and government forces with an arsenal of guns.

They do this because they can’t move their gold - it will be confiscated at the border. So they ignore this long run up of bad stuff that would happen before hunkering down with guns is the only play.

Bitcoin means you can get out of dodge before the really bad stuff starts happening and your wealth cannot be seized. CBDCs will not be uniformly introduced in every place the world over, all at once, and it won’t be overnight that they’re used to turn the screws on people.

So you can stay and play in the black market if you can’t leave, or you can get you and your family out and watch Rome burn from afar - either way Bitcoin is THE thing you want to hold if you see humanity taking the CBDC path.

Monero fans are gonna freeeak 😂

My thoughts exactly 🤣🤣 they haven’t had a mention since 2017

What Monero fans fail to understand is the adaptive nature of Bitcoin.

If Bitcoin is forced underground, or it’s made illegal in many jurisdictions - tools will emerge to counter this, to improve privacy, to make it easier for use in those circumstances.

#[4]​‘s video talks about the different states of the Bitcoin network - Monero fans assume the status quo is the only state and never factor in how the network will react when threatened, attacked or openly warred with which is why they’ll never surpass Bitcoin.

https://youtu.be/X_xgmVLyB94

It seems that most assume the status quo and ignore innovation.

It’s why all models are broken 🤷‍♂️

Praxeology is a foreign concept to most but even Bitcoiners who don’t know it, usually are above average at deductive reasoning.

It’s why I take issue with goldbugs and not normies. Most normies never learned how to learn, they’ve never figured things out for themselves so they can’t think like this, they just get fed opinions.

Goldbugs know the money is broken and understand why gold is superior money but then act like obtuse fuckheads because humanity found a better technology in Bitcoin to replace gold.

.Where Bitcoiners see a world in which humans can flourish, Goldbugs see a world where humanity is doomed but can still trade.

Praxeology New word for me. Even after googling it and reading still not confident I could use it the right context.

You’re in the Bitcoiner with deductive reasoning camp already mate, if you studied praxeology it would quickly click for you.

Consider it the framework for using this type of deductive reasoning to understand economic activity and behaviour - it’s the same for how the “conspiracy theorists” keep predicting the future.

Ludwig von Mises book ‘Human Action’ is the praxeology bible, it’s a bit heavy but for me at least it added order to my mind and made it so much easier to process things but also to challenge my own assumptions.

Yer how I understand it is I am making decions based on facts and logical reasoning as opposed to reflexive. Like selling Bitcoin because Cramer said I should. ???

Yes. You strip back to first principles and go step by step through a scenario from there.

I picked this up in concept from my late uncle. He built his own house, his extension, his Hilux canopy and a few fishing inventions. He’d be quietly doing things then swear a bunch and stop what he’s doing, have a dart and verbally process what he was trying to do out loud and what wasn’t working, then finish his dart and solve the problem.

Praxeology is like the University level of this processing. Kind of like learning chess, you can see a few more moves in to the future but now you can see some of the other plays and what might lead them to develop too.

Sounds like I would have got on well with your uncle.

As long as Bitcoin remains a transparent ledger, it will always offer subpar privacy to Monero.

Any L2 privacy comes with a trade off of custody, final settlement, or centralization.

So I believe you are wrong. So much friction and pitfalls in staying reasonably private with Bitcoin. That is why Monero is slowly taking over DNMs.

Is it easier to hide mining with an ASIC (sound + energy draw) or blend in and mine on practically any general purpose consumer hardware?

I'm not saying Bitcoin will collapse or that Monero will overtake it, but that Monero operates better in the dark and in adversarial conditions more easily.

What a legend!

Well said… it’s so simple

Yet many find this so complicated

The agony of the Peter Schiff brigade of somehow Gold is gonna start learning magic tricks