I understand the pain. Everyone hates how the dollar is manipulated nonstop and wants a viable alternative.

Unfortunately, trying to meme bitcoin into viability is about as good as meming Donald Trump into the White House and expecting that to fix the nation.

Damn, I must’ve hit a sensitive cord or something.

Basic premise:

Technology is deflationary and advancing at the most rapid pace ever which means we’re on the precipice of many people losing their jobs because of technological advancements. Instead of fighting that trend with artificial monetary policies propping up employment rates, furthering our indebtedness and widening wealth gaps, we can instead adapt to it and embrace it by getting rid of the current monetary system and using one that works hand in hand with the deflationary trend of technology. Will we all have jobs as we know them today? Nope, but we don’t need them if we have a money that isn’t constantly losing value. Instead, this opens the door to more specialization and “jobs” that we actually want to do, because we don’t need to be grinding at a shitty 9-5 working for every last penny just to keep a roof over our heads.

Poverty is a mindset.

Great Depression 2.0 could be interesting.

God, trannies are insufferable.

Well I’m gonna block you after i get this last note out cause that last part was uncalled for.

You believe $1 = $1, I believe 1 btc = 1 btc. Therefore you think bitcoin is volatile, and I think fiat is volatile. That’s the only difference here.

It’s all a matter of perspective. You only think bitcoin is volatile because you’ve only measured it’s value in fiat terms. What if I measured the value of fiat in bitcoin terms, then would you agree fiat is volatile? See the chart below, the value of $1 priced in bitcoin terms. Now what’s volatile?

Technology gets cheaper over time while also getting better(faster,smaller), for example computer chips and computers in general. Technology also make information cheaper, like what Napster and now Spotify did to music. This is what I mean by technology is deflationary. But at the same time you have monetary expansion which causes inflation, prices go up. So you have two opposing forces. Now bitcoin is technology of money it is also deflationary because it is scarce. Scarcity in money creates abundance everywhere else. Abundance in money creates scarcity everywhere else. That’s why ppl use a house as a savings or investment because the money is abundant and depreciates in value over time so you can save in dollars.

Technology is deflationary but is fighting the tide of monetary expansion.

Read ‘Price of Tomorrow’

Bitcoin isn’t volatile, fiat is volatile which is why the fiat price of bitcoin looks volatile. As money shifts from fiat to bitcoin, the fiat denominated volatility will decrease.

And yes, you have to understand that it will be worth more, which forces you to spend wisely instead of being gluttonous.

What makes you think bitcoin will trend to infinity?

Dollars trend toward zero long term

Bitcoin trends toward infinity long term

Choose wisely

Dollars you are incentivized to spend because they decrease in value year over year.

Bitcoin you are incentivized to save because they increase in value year over year.

This is not linear but on an average 200WMA it only goes up. Ie 4yr cycle

You can keep it.

A monkey jpeg restaurant?

But yeah. Exactly. Why pay with something that could go up in value.

I truly don’t understand the overarching vision bitcoiners have and any time I try to ask questions about it here I just get yelled at.