Alezkar on Nostr: I think Luke is wrong though (I'm 30 minutes in). He thinks what makes ...
I think Luke is wrong though (I'm 30 minutes in).
He thinks what makes cryptocurrencies good is the underlying software, but software is just a tool.
For instance, he thinks the way Bitcoin was adopted in El Salvador was bad, with custodial wallets and stuff.
Yeah, that wasn't Satoshi's vision most likely. But still, you are taking power away from politicians - they don't have the money printer anymore. Sure, they can see your transactions if you're not smart about your usage, but your money is available in the whole world, and nobody can debase it! That's the revolution!
I liked BCH because the blocks are bigger, but it really doesn't solve anything besides the fees issue. Monero solves both the fees and privacy issues at the same time.
Bitcoin will be the gold standard, and there will be other currencies for privacy and security purposes.
He thinks what makes cryptocurrencies good is the underlying software, but software is just a tool.
For instance, he thinks the way Bitcoin was adopted in El Salvador was bad, with custodial wallets and stuff.
Yeah, that wasn't Satoshi's vision most likely. But still, you are taking power away from politicians - they don't have the money printer anymore. Sure, they can see your transactions if you're not smart about your usage, but your money is available in the whole world, and nobody can debase it! That's the revolution!
I liked BCH because the blocks are bigger, but it really doesn't solve anything besides the fees issue. Monero solves both the fees and privacy issues at the same time.
Bitcoin will be the gold standard, and there will be other currencies for privacy and security purposes.
quoting nevent1q…qm04i love Luke man
especially in 240p
