The logic seems backwards.
If someone has nothing, then that is the reality. When they have something, they can store it in bitcoin.
The logic seems backwards.
If someone has nothing, then that is the reality. When they have something, they can store it in bitcoin.
You're forgetting the whole purpose of Bitcoin. The title of the white paper. Half the world lives hand to mouth. They should have a permissionless, self custodial, cheap, and preferably private network that they can use. Not merely a savings account for the rich and privileged to hodl
That's nonsense.
Can you explain why this is considered nonsense? I, like nostr:npub14a6q6xvt4wuv0wpdpfr336e4fweldtu6np3ehpw55h83xuw2h2zsgyz6rn, prioritize #Bitcoin, but I find #Monero superior for transactions. It's perplexing that individuals adhering to purity endure $40 BTC transactions or risk theft from custodial Lightning wallets. This doesn't address the issue with the current banking-controlled system.
Satoshi aimed to rectify this, not establish a new elite of #Bitcoin hodlers.
Advocating for a more open-minded approach and employing diverse tools for different purposes isn't driven by self-interest. nostr:npub1gnv8m77dfaw03hyuxq652h5ph4q4emxt40zk030lmg3ry594w7msukgjqm highlighted #Litecoin and #Monero, not Internetcomputer or Shiba Inu trash 🤣.
In a world with numerous currencies, a permissionless system for inter-crypto exchange seems reasonable. People choosing dubious currencies as a medium of exchange is their concern, but it shouldn't blind those informed to declare only #Bitcoin as the solution. Some collectibles were deemed valuable by previous generations, like for example baseball figures and Pokemon cards, trying to eliminate all "shitcoins" may be futile, but dismissing valuable cryptocurrencies like #Monero or #Litecoin, solely in favor of #Bitcoin, is shortsighted.