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Building Flash (getflash.io) Jamaica mi love šŸ‡ÆšŸ‡²

Big tings…

off we go,

oh friendly soul

down yet another

rabbit hole

that’s my understanding. am i wrong?

who can Ark-pill me?

running over relays? or holepunch? or is it centralized?

Replying to Avatar Jor

what is this?

to me, bitcoin is primarily a new method of free and open communication and teleportation of value.

it has special characteristics that allow any human being with the mental faculty to remember (or write down) words to change jurisdictions without restrictions on how much value they can own while moving.

This has never before been possible, and that is, in my opinion, the primary use case.

Also being a great store of value and a potential future standard form of payment is ā€œicing on the cakeā€ when it comes to overall importance to the future of humanity

i have no idea what the future holds. this would be guessing now, but if exchanges continue to exist and are still easy enough to use without too many negative effects to the layman, then exchanges may remain as the primary method of trading.

But if they are either banned or too hard to use compared to peer-to-peer marketplaces, then peer-to-peer may become the primary method.

The future is not yet written…

you are correct. these forms of regulation would stifle the adoption and use of bitcoin on public exchanges, but bitcoin has been proven to be anti-fragile and very resilient against attacks.

i think that in response to these types of regulations, the global peer to peer market will increase in liquidity and functionality and ease of use, negating the need for exchanges as peer to peer becomes the primary method of trade

That’s a good question.

Many people thought that the internet would replace the telephone. but instead, the telephone infrastructure now runs 100% on top of the internet.

I think similarly, fiat currencies may not all be replaced, but instead some will evolve to be backed by Bitcoin, similarly to before 1971 when currencies were backed by gold.