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Fortunately BTC doesn't care about anyone's opinion. Not mine, not yours, not Jack Dorsey's, not Saylor's, no influencers, no one, it just does what it does.

That said there is NO SUCH THING as "just" digital gold. Digital gold is a store of value that can transport across space and time in seconds in a borderless premissionless way.

Anything that can do that can never be "just" that. May be nostr:nprofile1qyxhwumn8ghj7mn0wvhxcmmvqyv8wumn8ghj7urjv4kkjatd9ec8y6tdv9kzumn9wsqzpq35r7yzkm4te5460u00jz4djcw0qa90zku7739qn7wj4ralhe4z6d283f is being taken out of context here? May be. he means that other things need us to develop for them? But again that will happen.

https://m.primal.net/NzYm.mp4

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Discussion

David in TN 11mo ago

maybe nobody explained LN to him...

Jack Spirko 11mo ago

He knows he's literally responsible for a lot of it.

Cody 11mo ago

Of course it can be "just digital gold". He means it will be like gold was, hard to transport, centrally controlled(for the most part), unusable for day to day transactions.

I definitely think Bitcoin could, and probably will go this direction sadly.

Freedom, financial or otherwise doesn't interest most people. People would rather be "rich" slaves than free men.

Jack Spirko 11mo ago

No it will never be hard to transport, where do you even get that and Jack is not saying that either.

This isn't about how sad people are as to freedom, because yea they are. This is honestly about Gresham's law. Good money is held onto when shitty money is accepted.

Cody 11mo ago

If on chain tx fees are high enough it becomes "hard to transport" for people with small amounts(99% of people)

Smaug 11mo ago

From his latest podcast with Odell. He just wants to see people using it. They talk about going to Bitcoin events and 98%of bitcoiners are using credit cards instead of Bitcoin to pay for things.

Jack Spirko 11mo ago

Well I would use a bank card too. Why in the world would I part with hard money for bar food? I mean if the place takes BTC I'll totally do it with something like Strike. But I also know they are not going to really take BTC they are also converting back to fiat.

I find this compulsion to have people spend Bitcoin to be well, 2010 reality. We've past that part of the evolution. We are in the early part of the long middle of this game. As long as an inferior money is accepted by most people for most thing people will spend the inferior money.

Honestly Gresham's law needs some updating because Bitcoin changed the entire game but it is an identical principle.

https://en.wikipedia.org/wiki/Gresham's_law