jgx on Nostr: Love your perspective. Some thoughts, I won't take on all points (which does not mean ...
Love your perspective. Some thoughts, I won't take on all points (which does not mean I don't have some thought on them, haha):
- Bitcoin is a base-layer for payments, it's not "everything", it's only some part of life.
- Right now, those payments are also meticulously logged, and "public", but towards the wrong minority that profits off of it.
- The rate of supply of money has now been flexible and again in the hands of wrong people. It failed over and over again (remember that most of human history, we did not have flexible rate of supply, but fixed by precious metals and other things). After the obvious problems of a flexible supply, it's time to try it otherwise.
- I agree that market cap and index price are bad indicators for many things. But slippage is quite good, I expect 99.99% of people here could liquidate their BTC holding to fiat in a margin of 2-6% of slippage.
- Privacy is a problem, but again, bitcoin can be a base-layer for more private layers (e.g., the lightning).
Cheers
- Bitcoin is a base-layer for payments, it's not "everything", it's only some part of life.
- Right now, those payments are also meticulously logged, and "public", but towards the wrong minority that profits off of it.
- The rate of supply of money has now been flexible and again in the hands of wrong people. It failed over and over again (remember that most of human history, we did not have flexible rate of supply, but fixed by precious metals and other things). After the obvious problems of a flexible supply, it's time to try it otherwise.
- I agree that market cap and index price are bad indicators for many things. But slippage is quite good, I expect 99.99% of people here could liquidate their BTC holding to fiat in a margin of 2-6% of slippage.
- Privacy is a problem, but again, bitcoin can be a base-layer for more private layers (e.g., the lightning).
Cheers