Also, I don't feel like that Ben Franklin quote is particularly applicable here. If Bitcoin were outlawed, people who choose family over code aren't choosing safety above freedom, they're choosing to live for their loved ones rather than gamble on buying something that is easily trackable, oj the off chance that hodling will fix the issue in their lifetime.

Honestly, I'm not sure what the argument would be for using Bitcoin over privacy coins in a situation like that. I guess that's one of the main arguments I'm making here, if you boil things down.

not all forms of depersonalization are bad

the ones where you feel like past you is taking care of present you are awesome, it's gratitude for someone else's actions, even though the other person was you

standing in front of my carbon incandescent heater and looking out over the atlantic ocean through the window just now i had one of these

Well, part of the problem is security (and I don't mean software security). If Bitcoin is to be mass adopted as a primary currency, people need to be able to trust that switching to it will allow them to continue to live life without being considered a criminal and active threat. If it's as simple as preventing people from buying it or spending it on anything other than P2P transactions, that doesn't give security and stability to anyone who isn't a hardcore anarchist maxi.

Sure, but most people would fall equally into the can't and don't want categories.

But the problem is that many people neither can, nor want to leave their country just for Bitcoin. What about those people?

Genuine, non-hater discussion topic incoming.

Bitcoiners like to say that Bitcoin is fully uncensorable, that governments can't fully take it down. The problem I see is that even though the *technology* can't be taken down, the means by which people can enter into using said technology can easily be cut off, and not just via KYC. While there's still the peer-to-peer aspect, that also could easily be targeted through surveillance, and unless people start to become fully anonymous (not realistic for most), that's not something you can stop.

On top of that fact, there's a lot of KYCed Bitcoin out there, and the problem with that is that if it's KYCed, it makes it pretty trivial for governments to surveil wallet addresses and transactions.

In this way, wouldn't it be wiser to use a privacy coin if you're okay with KYC? Also, if the legal system ever decides to make it virtually impossible to obtain Bitcoin and you're going to go the route of "privately" obtaining it, then you're not going to get very far if they can surveil all of that information.

To reiterate, I'm not a hater, not by a long shot. Aside from my personal issues with KYC keeping me from buying, I believe in the technology, and I think it's got some serious potential to be the basis for economic change. I'm also not specifically a Monero guy, even though I think that it has some MAJOR benefits. But the problem with Bitcoin's lack of privacy, as well as the fact that KYC is virtually unavoidable, make it hard for me to believe in the maxi opinion that Bitcoin is completely unstoppable. Again, I do agree that the technology itself can't be shut down, but if you can't legally obtain it and you can't truly obtain it privately, then I don't see how it's unstoppable.

Just some thoughts I had. I'm genuinely curious what some of you guys think about this subject.

#asknostr #Bitcoin #privacy #Monero

Currently, Bitcoin is treated like an asset, to be acquired and hoarded. But when all the coins have been mined, the dynamic will shift as transactions become the focus of the network. At that point, its use as a currency will overtake its use as an asset

what does the world look like with a dedicated asset for all capital appreciation? you make better stuff for cheaper while the global money keeps going up in value for your effort

it’s simply more efficient to have something that does one thing best - appreciate

nostr:note14nr4dan02ftlathpw539g6h6pdaertz08dvuzx0w58x97uhc9jus3c03fk

Someone asked me today “what is the point of Bitcoin?”

How would you respond in one sentence without using any technical jargon, buzzwords, or clichés?

seems pretty normal, in the context of history 😅

I see the bigger picture

I wish I checked price only once a year. Hoping to break that addiction this cycle.

most people will never check the 12-month BTC/USD log chart

without it, you can’t really see what’s going on unless you’re used to price history data