Replying to Avatar jack mallers

The $500T use case for #Bitcoin? Capture the value you create today and bring it with you into tomorrow.

Every day you trade your hard work for something, hoping it will afford you the things you’ll need in the future.

Fiat is broken. Bitcoin is the fix.

https://blossom.primal.net/8dc578fe591fc5801b3b1dfb159195d1fe315f36da3a2fe67ca8d25a594d3073.mp4

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Privacy Is Dignity 4mo ago 💬 1

Given that the rapid rate of technology can make what is "state of the art" today, look like a dinosaur in the future, why the reliance on software as a replacement for money?

This Bitcoin hysteria is cultish.

Gold persists because technology cannot surpass it's intrinsic value.

Bitcoin is just (a) flavor of the month, and (b) already technologically surpassed by newer, more useful cryptos.

I posit the only reason BTC has people still excited is momentum on "number go up". Momentum always recedes.

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Platinum Bear 3mo ago 💬 1

Eventually, people will wake up to the reality of currency is just paper. When that happens people will flood into hard assets: real estate, bitcoin, precious metals. People will choose Bitcoin because it has by far the biggest ecosystem. I don’t think people are looking for “cool” or “flash” crypto. I think they are looking for the hardest money. Nobody is looking to have their wealth debased. That’s why so many crypto don’t qualify for a good money.

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Privacy Is Dignity 3mo ago

I wouldn't say Bitcoin is a hard asset though. Its strongest asset is network effect. But Nokia once had a dominant network effect, as did Blackberry after it. But they each got superseded by newer technologies that were well marketed.

This cannot happen to gold or real estate, because their value is intrinsic. They are not susceptible to technological innovations like Bitcoin or Nokia are. If Bitcoin meets its iPhone-equivalent successor, there is no value inside a Bitcoin that can retain its worth.