For myself, I don't pay much mind to it. I can't control it and it doesn't really effect me stacking and learning. I think people complain either way haha.

What are your thoughts?

I want a strategic shitcoin reserve. Let the State waste time and money pumping grifters’ bags, then prosecute them for them for the grift and bail everyone out with yet more printed fiat.

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#SBR results in short term scarcity and supply shock that might make #Bitcoin pump as f.

But in the long run I personally dont see much benefits for me.

The incentive of govs to seize and rob your coins by illegalize private use will increase.

Cypherpunk AnCap here.

NO!

I dont think it’s needed btc can do its own thing and you can let people stacks.

but could help change the mindset. They need to fix deficit, trade wars and currency wars before they start stacking btc. Probably need some bretton woods type of meeting to set things up.

Will be interesting to see how it plays out, could be pretty savage.

I'm very against it.

I don’t care. I don’t think it would even affect price significantly. Bitcoin adoption drives initiatives like SBR. Not vice versa.

Even periodic price movements of BTC correspond to its own “steps” in supply curve. Publicity is consequence - every 4 years. Conspiracy lovers keep it as a secret without realizing that holding on its own is not trivial. Or the fact that spending btc in fiat is just temporary (but significant) inconvenience, so the price denominated in dollars is still not that relevant.

Trouble of profiting fiat from BTC is similar to trouble of dealing with loans, credit history and such.

BTC on its own is liberating.

Fiat brings trouble. There is a book “human action” about it (far from perfect, since written like in 50s, but on the spot about absurdity of regulators).

Shitcoins bring annoyance - the industry is filled with Yale graduates conversation masters geniuses of “trade” who’d sell any bullshit “innovation”. Go sell them script-less scripts when they just wanna push solidity and other shit ASAP while it’s “hot”.

Even worse, many people I met (from US and Holland) wanna be independent from their government (either “so corrupt” or “so royal”) but wanna keep mortgages, and benefit from regulations of prices of products and services, essentially contradicting themselves. They don’t care about being aware of their own environment and trade, just want a dream where they benefit without taking any risks.

Unregulated Bitcoin markets, where the only guarantee you have is cryptography, would and likely will wipe those idiots out. Others will have to adjust to a free (and ecologically fair) trade where one actually has to either be completely self-sufficient to contribute something that is valuable to someone else.

My personal concern here is ecology. Resources are finite (Btc represents awesomely), but even with Bitcoin Max everywhere - I see better living, but don’t see humanity surviving much long. 50% of livable area is in farming and population won’t stop growing unless we agree to extinct, which would be awesome since you can live rest of your life with less idiots around.

Contrary to naive capitalist and socialist thinking, unregulated economy will make those issues more noticeable - remove the haze of social support. Make social contracts explicit - you’ll see the actual state of humanity. Ecosystem is simply about to (slowly) wipe us out.

The step of removing social haze is taking so long with so many pointless masturbatory speculations and misunderstandings - I don’t see human species survivng but if anyone will - they would be btc experts for sure :).

I mean really, add btc support to payment terminals and such, educate merchants about using it. Simply ignore other payment systems and currencies as well as yes police (aren’t they human?).

Just a bit of sync - and voila btc could’ve been adopted as most straightforward medium in exchange a decade(!) ago, even without LN in zero confirmation mode. Instead 8 billion idiots just stepping on each other feet like it’s Black Friday, acting against one another (where there is nothing to fight for) and overthink trivial currency that even Amazonian tribes could easily adopt :).