I’ll actually have a video of my own soon to explain where I think people are getting this wrong. Mechanic and I have chatted about it on the Roundtable. But Bitcoin won’t end up like gold because its scaling properties are the exact opposite as gold. Doesn’t mean there isn’t a trade off, but it won’t be anything like gold, imo.
No, I think you misunderstood what I’m trying to say here. I’m not in the bcasher’s camp where they want to provide instant and free payments for every person on earth, including the babies and the mortally ill. What I’m sounding the alarm for is the problem that Jack is addressing - Bitcoin becoming irrelevant by falling in the same category as Gold. Have you seen this video by nostr:nprofile1qqs8fl79rnpsz5x00xmvkvtd8g2u7ve2k2dr3lkfadyy4v24r4k3s4spremhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet59uq3zamnwvaz7tmwdaehgu3wwa5kuef03j9hac? It’s pretty enlightening and I can’t recommend it enough: https://youtu.be/enxoR9v3oEg
Discussion
I hope you’re right and I’m wrong, but from the current state of things I’m looking at, it doesn’t look that way.
I’ll explain and you let me know if I’ve elaborated on elements you hadn’t considered yet.
My assessment, which I’ve gone out of my way to ensure is sober, because I’ve been on both sides of this multiple times and have no jaded view of this. I fully recognize and accept the limitations and trade offs where they will likely have to be made.
Looking forward to it.