And you once again deflect from the deflation problem, ironically mentioning "reality" while failing to realize that, aside from fun little novelties, bitcoin has precisely ZERO use in the real world before converting it into dollars or whatever other currency that real people use.
Every time someone dies and their key is lost, or they send money to the wrong address, or they permanently lock out their hardware key because they tried the wrong password too many times, that bitcoin is PERMANENTLY DESTROYED, making the rest of it even more scarce. It deflates over time.
Anyone who decides to "adopt bitcoin" is already at a massive disadvantage, as the people who got bitcoin a decade ago have disproportionate control over the economy without actually producing anything in said economy.
Sounds familiar, doesn't it? Bitcoiners just want to be the new banking class who speculate and do nothing of real value while holding sway over everyone else. You call it "freedom" and hold massive amounts of bitcoins while encouraging others to join, who can only get tiny amounts--you effectively have control over them financially and can out-compete them in buying power simply by being in the system first and not by actually producing more.
victor /
npub16h…axymy
2023-08-02 19:10:41
in reply to nevent1q…kcsl
Author Public Key
npub16h43mvfanfmsvkg86vgqwr4h268l23t6034wulepd0m4j3dky9ssraxymyPublished at
2023-08-02 19:10:41Event JSON
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"content": "And you once again deflect from the deflation problem, ironically mentioning \"reality\" while failing to realize that, aside from fun little novelties, bitcoin has precisely ZERO use in the real world before converting it into dollars or whatever other currency that real people use.\n\nEvery time someone dies and their key is lost, or they send money to the wrong address, or they permanently lock out their hardware key because they tried the wrong password too many times, that bitcoin is PERMANENTLY DESTROYED, making the rest of it even more scarce. It deflates over time.\n\nAnyone who decides to \"adopt bitcoin\" is already at a massive disadvantage, as the people who got bitcoin a decade ago have disproportionate control over the economy without actually producing anything in said economy.\n\nSounds familiar, doesn't it? Bitcoiners just want to be the new banking class who speculate and do nothing of real value while holding sway over everyone else. You call it \"freedom\" and hold massive amounts of bitcoins while encouraging others to join, who can only get tiny amounts--you effectively have control over them financially and can out-compete them in buying power simply by being in the system first and not by actually producing more.",
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