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Bitcoin is a daemon.
Money is just one component of Bitcoin.
I don't disagree that the purpose of Bitcoin is as a money system. But you can't stop people from using things in ways they're not intended to be used.
No I believe it is money. I just believe it's much more than just money. It is a perfect system for money.
I don't know how to be more specific than I am being. Bitcoin as a whole is not money. Bitcoin is a network. And the base currency of that network is bitcoin. And yes Satoshi designed it to be a peer to peer money system.
Satoshi created a perfect system for peer to peer payments.
Bitcoin is a ledger in a distributed p2p network, bitcoin is the currency of that network.
Well yes but they're arguing a fiat economy would beat a bitcoin one because they can export more. Akin to China vs US. But it's apples to oranges because they both have their own fists.
Sounds about right
"Spend and replace" just read as produce more than you spend.
If you are spending more than you're producing you are losing money over time.
If you're spending less than you produce, you're saving.
And you should save when you're young and middle age when you're youthful or highly skilled so that when you're older and less capable you can live on those savings.
We find ourselves in a weird transitionsry period where Bitcoin will not just grow at the rate of our productivity. It's monetizing and it has a long way to go. So early adopters will be very very wealthy. But in the long term, they will either carry it to the grave or pass it down. So on and so forth. Us that pass it down can only hope we instil our children with the same principles or sampling more than they spend.
Fun fact, 70% of families lose their wealth after the 2nd generation. 90% after the 3rd.
Why would the softer money have more exports? Because they can print money to skew economic data to produce more goods in high demand sectors? But that money printing doesn't make REAL productivity. It's artificially inflated by sprinting to make more goods if you will. That would cause malinvestments and the hard money economy would be slower but much more efficient with much less waste.
Humans will always be productive. It's in our nature. Human action.
I'm ready. My Uncle who listens to a bit of what I say is now ready. He's a boomer and had 5 houses. He bought a Bitcoin and sold a few houses when I tried to tell him much the same. I think he's been happy with that decision now. Everyone measuring the world with fiat do not see it and are not ready, you are right there and that's most people.
Human beings will always have a natural heirachy about them. Some of us are more productive than others. Those that are more productive would like a way to measure that productivity. Theyve earned more than the less productive. No matter how much of a surplus we have there will always be classes of people based on their economic output.
Hard money does fix it. Surplus that you burn is waste. With hard money, real competition happens and the most efficient individuals (least wasteful) will be the most productive in society and this have the most money. Hard money specifically disincentivizes waste.
Build your own. I appreciate this pleb spreading nodes but A node is no good to someone that doesn't know how to use it themselves.
Wth man... How is that not an answer to your question?
Bitcoin is a system that has a base unit of currency bitcoin with a fixed supply of units.
Money is just something we use in an economy of scale to eliminate the need for a double coincidence of wants.
having a permissionless, verifiable and censorship resistant Network with a fixed supply, allows us to accurately measure the deflationary effects of technology to all equally benefit from the progression we make as a global economy that anyone can freely opt into at anytime, and no one can stop them from transacting, and no one has to trust each other about the money they are exchanging with one another.
So, bitcoin is money. It's ledger is on the Bitcoin Network.
I know what money is and Bitcoin is the best system for it. It's not a first priciple issue. We literally don't agree facts. The fact is you're wrong if you say bitcoin has no other use than as money. I'm sorry but that's reality. Dollars can be used to wipe your ass or keep a fire lit. Bitcoin is a database that charges fee paid in bitcoin to miners for space in that database. It's optimized to be used as a ledger. Satoshi made it for that purpose. Where am I wrong.
Hi nostr:nprofile1qqs02zxkft4nrwkq2ge8sswv0h2ee8fhcxppq2sy3fpepx9ghwqkm2cpz4mhxue69uhk2er9dchxummnw3ezumrpdejqzxnhwden5te0dehhxarj9ehhyctwvajhq6tvdshxgetkqy2hwumn8ghj7emjv4jkuum0w4kzuumsv93k2gztcn5 I understand what you are saying. OceanSlim has given some interesting information in this overall discussion. However, going back to first principles, you can see like Core Devs, he uses illogical fallacies to back up his arguments.
What is the illogical fallacy? Bitcoin IS more than just money. That's just a fact. It's a database. I know you want it to be just for money, that would be great and I would agree that that would be great. But that's not the reality we live in. But it IS optimized to be used as money. It doesn't make any sense to do these "spam" things on Bitcoin. The only reason for it now is it's cheap. 1s/VB as soon as the chain fees go up, these things will all be priced out. The fee mechanism is the spam prevention on Bitcoin. Not filters.
I think they should all be removed. They're more like bumper guards at the bowling alley. I'm an adult, I don't need that shit. I'll run libre.
There are thousands of OP_RETURNS more than 80 bytes on the blockchain now and before this change. Wtf are you talking about.
They don't want to do anything but maintain the reference implementation of Bitcoin. Stop attributing malicious intent to core developers.
Make the argument that it will harm Bitcoin. Stop saying "Core bad" because they made a change you don't fully understand.
I'm not defecting. You are. I'm not a shitcoiner and I have no motivations to shitcoin on bitcoin. You can achieve the same results of knots with core. But you don't understand the technicals so you're just virtue signalling by running knots. I don't care what you run.
Do not attribute motive to me where I have none because you can't argue facts.