4thecross on Nostr: Maxis have to ask themselves what problems was #Bitcoin supposed to solve and is it ...
Maxis have to ask themselves what problems was #Bitcoin supposed to solve and is it solving them -
These two things need to be looked at honestly without any bias. I still cannot see any way around it. I have no problem admitting I’m happy when the price goes up because we LIVE in the fiat system. If it isn’t money and just viewed as an asset and isn’t solving privacy nor truly decentralized money, of course I will willingly benefit because everything in my life is still in USD. I’d be dumb to not take advantage of this.
But are we gonna solve privacy with Bitcoin? Will there be more regulation? KYC, custodial wallets, billionaires, institutions, pension funds, all of this bullshit has to be considered. If Bitcoin becomes the money replacement that we use in the same system with the same policies, with the same oppression every-day-citizens deal with now, what’s the difference? Seriously, what is the difference? At that point it’s just the same everything except it’s Bitcoin and not the USD. Yes, the supply is fixed, but do you think force won’t be used against you if you don’t follow the rules?
Maybe what I am saying is totally naive, but I’m not afraid to ask the question and raise some concerns. This is why #Monero makes sense fundamentally, but I don’t think it’ll become mainstream money for everyone, probably ever. And I do agree generally that society settles on one money, and as the world goes more and more digital, that likely will be Bitcoin. But again, what is actually being solved with all of this?
These two things need to be looked at honestly without any bias. I still cannot see any way around it. I have no problem admitting I’m happy when the price goes up because we LIVE in the fiat system. If it isn’t money and just viewed as an asset and isn’t solving privacy nor truly decentralized money, of course I will willingly benefit because everything in my life is still in USD. I’d be dumb to not take advantage of this.
But are we gonna solve privacy with Bitcoin? Will there be more regulation? KYC, custodial wallets, billionaires, institutions, pension funds, all of this bullshit has to be considered. If Bitcoin becomes the money replacement that we use in the same system with the same policies, with the same oppression every-day-citizens deal with now, what’s the difference? Seriously, what is the difference? At that point it’s just the same everything except it’s Bitcoin and not the USD. Yes, the supply is fixed, but do you think force won’t be used against you if you don’t follow the rules?
Maybe what I am saying is totally naive, but I’m not afraid to ask the question and raise some concerns. This is why #Monero makes sense fundamentally, but I don’t think it’ll become mainstream money for everyone, probably ever. And I do agree generally that society settles on one money, and as the world goes more and more digital, that likely will be Bitcoin. But again, what is actually being solved with all of this?