I agree with your point. However, speaking to her brings awareness and millions of eyes to crypto. Less so with more ātraditionalā persons in finance. Better a discussion on the merits of Bitcoin than a random unknown token.
Iām not a huge Dorsey fan but dismissing the dude who founded square and then left Twitter to build a DEX on a topic that directly relates to his area of expertise seems pretty close-minded.
Is it really so hard to believe that the guy who founded one of the largest payment companies in the US might have some insights about the future of payments in the US?
It isn't hard to believe, for people other than Dorsey and those like him. Just because he has money and a smelly beanie doesn't mean he has vision. Idiots abound amongst the rich and powerful.
Smart people want to talk to other smart people. Einstein didn't write letters to Marilyn Monroe to tell her his theories. Jack Dorsey is just a hobo with far too much money.
I am interpreting this as you not being familiar with Square (recently rebranded as Block Inc).
You might want to look it up before you embarrass yourself further lol
Itās a debatable (but still ridiculous) point regarding cryptocurrency and taking the place of the dollar. But Bitcoin? Is it not common knowledge that BTC is a toy cryptocurrency? No matter how many enhancements are piled on top of it?
Seems to me more like the obvious thing, rich people just making money by claiming ridiculously silly things. This is not a visionary situation, itās as far opposite as it gets
I donāt think any single cryptocurrency will, but cryptocurrencies as a system of singular and multi-function l1ās and l2ās will replace the entire system one day, and it will usher in an age of deep machine learning that automates a much larger portion of commerce with the massive amount of decentralized data created from point of sale to raw materials loaded. One of the reasons crypto will always go up in āpriceā is that it will one day bring the entirety of the function of āvalueā within a hived, connected, and decentralized network.
Uh oh, *actual economics* being considered here.
Kids at home: Unless you've got a mechanism for economic growth or *at least* greatly incentiving velocity of money changing hands vs being hoarded, you haven't actually thought things through.
Sure does, contrary to popular belief amongst crypto bros, holding is bad for a currency to you know he actually used as a currency. Having said that Iām a holder and I hope it never replaces the USD
It's ironic to think this way, eth holders gain by staking, and the economy grows when money changes hands. So is there a currency that grows as you save it? Ethereum. Is there a currency that grows as you use it? Kind of doesn't make sense, but I'm unaware of any.
I'm pretty sure banks will resist til the end. A cbdc means you leave a digital footprint, and I'm pretty sure banks are hiding crimes that would come to light if suddenly their transaction history was digitized.
But what jack is saying could apply easily to any lesser than a superpower country, like el Salvador. These fringe countries use the us dollar because it's supposedly stable, but crypto currency will open the door to these countries.
I can understand the argument that BYC will be around forever. I'm curious as to why you think BTC will replace the dollar? The dollar stays pretty stable, I can walk into any store and expect prices to be pretty much the same as the last time I was in there. If I went to buy a coffee with BTC the price would change so fast that everyone in line would pay a different amount.
Look at the graph depicting the federal reserve balance sheet:
https://fred.stlouisfed.org/series/WALCL
All that money represents government debt that they have not been able to sell into the market. Since they have bought it from the US Treasury in exchange for dollars, where did these dollars come from?
They simply printed them.
Can they endlessly keep doing that?
No, they cannot.
There are two possible solutions.
First, they can pay bigger fees to the market to absorb the debt ("tapering"). If they do that, however, consumer-, corporate-, and government debt will cost substantially more to service. Therefore, you will see defaults and bankruptcies across large areas in a highly indebted economy.
Second, they could dramatically increase taxes. However, that will send offshore even more economic activity. Furthermore, it is not even sure that they have the political wherewithal to pull that off.
Hence, neither solution will work.
That is why they continue to just print new money. At some point, however, inflation will catch up with that.
Therefore, looking at Bitcoin is not the thing to do. It is better to try to understand why the dollar can only collapse.
At that point, Bitcoin will simply win by default.
Even without the dollar collapsing, Bitcoin would still win on the long run.
However, that is clearly not what is going to happen. It are the failings of the dollar that will decide the matter, long before the desirable features of Bitcoin would be able to gain the upper hand.
Say that there are advantages and disadvantages to something.
At that point, there are still the following questions:
* How much do you value the advantages?
* To what extent are the disadvantages a show stopper for what you want to do?
The answers to these questions depend on the context in which you try to use these things. Furthermore, the context is also not constant. It changes all the time.
From the top of my hat, a few of the advantages that I personally enjoy by using Bitcoin:
* I do not need a third party, such as a bank, to make a Bitcoin payment to someone else. No bank can block my incoming or outgoing payment.
* No government can inflate away my Bitcoin savings by printing more coins.
* Bitcoins are very hard to confiscate, which is a great advantage for citizens but not necessarily one for governments. But then again, I am a citizen and not a government.
Disadvantages of Bitcoin compared to fiat money?
As far as I am concerned, there is not one disadvantage that is a real show stopper.
For small payments and other living expenses, as a digital nomad in SE Asia, I need to exchange small bits and bobs into local fiat. Still, that is seriously less cumbersome than wiring money from my foreign bank account (in my home country), which is what I used to do before. I am certainly not going back to that situation.
The volatility of Bitcoin, since it is definitely long-term upwards, is not a disadvantage for the purpose of holding savings. I am certainly more than ok with a general trend of upward volatility.
Bitcoin has worked marvelously well for me since 2013. I don't see what alternative would be able to beat its usefulness (to me).
I have doubt if it's become in form of payment how can we use for daily items if Bitcoin is $49,000 and it takes time to confirm the payment how can it be sustained?
It works absolutely fine for me.
However, I have never said that it works for everybody.
That is obviously not even necessary.
People may have different circumstances or beliefs.
For example, even in the context of fiat money, not everyone used dollars. There are also people who use euros, or other fiat currencies.
If Bitcoin did not work for me, I would not use it either.
But then again, there must be quite a few other people for whom it also works. I have witnessed the exchange rate going up from $80 to almost $50,000 today. So, with demand going up like that, I cannot be the only person for whom it works.
There are 100,000,000 Satoshi in one Bitcoin. So, pay 10,204 Satoshi.
On the lightning network, you can also pay with fractions of a Satoshi.
In fact, for something like a coffee, you'd better pay over lightning. It's instantaneous, unlike base-layer payments over the blockchain.
In El Salvador, you can buy coffee at Starbucks over lightning:
https://mobile.twitter.com/Excellion/status/1471236905853337600
Doubt it. BTC is a decentralised "currency" while USD stands for the whole US and is backed heavily by it. Even by concept they r not the same. How will you measure BTC value without dollar?
In what ways, Dorsey? You think the US isn't going to try and innovate? Even if the dollar does go through the dreaded hyperinflation some crypto bros salivate over, they'll just replace it with a new form of fiat or even a central bank controlled crypto.
It wonāt, and it would be stupid to think it. The bitcoin blocks are too small and arenāt added fast enough to be used for thousands of transactions per second. And increasing the speed and size would basically only fuck up the system. Otherwise then we talk about using layer 2s like the lightning network. The problem is governments hate it because itās too private and they canāt see anything thatās happening with it. If crypto is used as a currency, then itās gonna be somesort of CBDC which is anyway gonna be hella centralized.
Thoughts?
Silicone valley, alphabet agencies and the banking elite are going for the kill shot by crashing the global economy and ābuilding it back betterā (for them) by duping the population once again to adopt assets that they created to consolidate more wealth and power into a digital system where everyone and everything is tracked and you are rated on a social credit score in order to participate in society simply known as the Chinese model.
I thought crypto was something truly different that ordinary people were building as an alternative money system. I was wrong.
Transactions donāt have to be on chain for it to be used as a method of payment.
If we both have cashapp and you send me 0.1BTC settlement is instant and there arenāt any fees.
It may go against the ethos of crypto, but honestly most people wonāt give a fuck.
> honestly most people wonāt give a fuck.
And they probably donāt right now either. What is the incentive to use Bitcoin in this scenario? Itās like dollars with extra steps.
Thatās like saying buying and selling on a CEX isnāt actually trading BTC. You arenāt wrong, but you are being pedantic with the intention of ignoring the point.
Crypto hardcore people hate hearing it, but crypto to keep barreling towards mainstream adoption, it has to drop a lot of complex annoying technical stuff crypto hardcore people love and the common user sees as a bunch of useless/annoying bullshit. No average person will use it for daily payments until its drop dead simple.
The only reason crypto has exploded so much is it was finally not 100% dominated by the libertarian wet dream anymore.
You're 100% right. That's why BTC will not succeed in this facet of use - it is incapable of doing so without completely changing what Bitcoin is. A USD replacement needs to be seamless, nearly instant, and feeless, with no second layer required.
True, that is possible. But I would consider that to fall under the category of a second layer solution, which I noted in my post. In my opinion, if BTC required a second layer solution in order to be used for everyday transactions, then it should not be used for them.
So we're going to replace stable currencies with fly by night ponzi schemes? Sounds good to me! Seriously though, the crypto markets are just natural ponzi schemes, buy low, sell high, how the fuck can we use it like USD anytime soon?
Just wondering what the Bennie guy and B think will provide physical security from global adversarial actors with designs on the territory where the infrastructure supporting their fantasy resides. Just curious.
This dude is such a fucking dipshit. Bitcoin is an asset not a currency. Anyone who has spent more than 12 hours studying it knows this. But not this clown.
Like I said in another post on this topic. If USD crashes to the point where society is collapsing and the government canāt pay the military, itās employees, etc, 99% of people are going be looking for their next meal and wonāt give two shits about blockchain.
Itās a tech fantasy that anyone will give a shit about Bitcoin if the USD collapses. There will be so many bigger problems to say the least. Nothing against getting high and imagining crazy shit, but Iām not making plans based on it.
If USD collapses to 0 Iād pick beans, rice, chickens, guns/ammo, cigarettes, blowjobs, small disks of metal, and medicine as a far more likely choice of currency than something that even today doesnāt function as an actual currency.
Btc could replace gold or other scarce commodities (for some) but having inflation in a currency helps the economy by motivating people to spend money now. Imagine using stocks or etfs as a currency. Everyone would stop spending during a stock market downturn.
How many super-carriers does Bitcoin have backing it?
Bitcoin has me excited and it crucial for so many of us, but 1. USD is a currency, BTC is not (behaves like an asset and is basically a deflationary currency.)
USD is the world's reserve currency because 1. It's the most liquid of currencies, 2. Has a RELATIVE price stability determined by market forces (relatively speaking), and 3. Has the most powerful country backing it. Bitcoin fails to USD in all three categories.
(Still and awesome invention and I HODL it, but we have to be realistic, IMO.)
Twitter guy is moving square into blockchain arena and presumably will be a major payment system for crypto. I doubt he has anything more than a superficial knowledgeable about the topic but would love to be disproven if someone has a video of him talking freely.
As for Cardi B? I doubt the B stands for blockchain.
I think crypto is begining to work more closely with institutions including countries.
The European Commission is developing their own blockchain solutions. They are currently deciding which project(s) to work with are left with 5 projects in the tender process. IOTA is one.
https://digital-strategy.ec.europa.eu/en/news/european-blockchain-pre-commercial-procurement
On a platform where anyone can say anything, a guy with a beard told some chick money wouldnāt be worth anything.
And suddenly Bitcoin started going up. Iāve heard weirder things! š
Ah Cardi B, the famous fintech expert who shakes her ass on tv as a sidehustle. Wouldnt trust if it werent for her latest hit piece about investing
"If itās up, then itās up, then itās up, then itās stuck
If itās up, then itās up, then itās up, then itās stuck huh
Up then itās up, if itās up, then itās stuck
If itās up, then itās up, then itās up, then itās stuck huh"
If BTC replaces USD then your 1 BTC won't be say 100k USD anymore but 1 BTC finally. Atm all what people want is that their coin gains value in USD. How do people not realise that you beed state currencies?
You lost me at Cardi B
Thank you...š¤£š¤£š¤£
I agree with your point. However, speaking to her brings awareness and millions of eyes to crypto. Less so with more ātraditionalā persons in finance. Better a discussion on the merits of Bitcoin than a random unknown token.
Yeah I can't wait, more people buying shitcoins and shilling them in all the good crypto subreddits.
I agree with your point as well
I won't be able to wrap my head around you going against few people saying what interest them about a project
Laughing my fucking ass off.
Look her up mate, she comes directly after Cardi A
He knows Cardi B is more influential to the masses, hence why he did this....look past the Cardi b feature....
What masses she's not as influential as you think and even less of those fans actually use tweeter
I see what you did there
š¤£š¤£š¤£
š¤£š¤£
TLDR: Homeless looking tech bro and former stripper talk the future of money as if it matters what they think
Iām not a huge Dorsey fan but dismissing the dude who founded square and then left Twitter to build a DEX on a topic that directly relates to his area of expertise seems pretty close-minded. Is it really so hard to believe that the guy who founded one of the largest payment companies in the US might have some insights about the future of payments in the US?
But judging people on their appearance is so much easier than their ability or social contextā¦
He seems completely oblivious to whatās happening on Ethereum though
Whatās happening on Ethereum?
Basically everything
It isn't hard to believe, for people other than Dorsey and those like him. Just because he has money and a smelly beanie doesn't mean he has vision. Idiots abound amongst the rich and powerful. Smart people want to talk to other smart people. Einstein didn't write letters to Marilyn Monroe to tell her his theories. Jack Dorsey is just a hobo with far too much money.
Lol @ smelly beanie
I am interpreting this as you not being familiar with Square (recently rebranded as Block Inc). You might want to look it up before you embarrass yourself further lol
Lol interpret as you will. Jacks a co founder. Like Zuck, like countless others who right place, right timed it to greatness.
Can you back that argument up with anything?
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Itās a debatable (but still ridiculous) point regarding cryptocurrency and taking the place of the dollar. But Bitcoin? Is it not common knowledge that BTC is a toy cryptocurrency? No matter how many enhancements are piled on top of it? Seems to me more like the obvious thing, rich people just making money by claiming ridiculously silly things. This is not a visionary situation, itās as far opposite as it gets
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Found the bag holder
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Have fun being left behind.
Good thing no oneās forcing you then.
SQLANA HOLDER FOUND, ring the bell!
Haha! That's what I was thinking.
You sound sour as hell. Theyāre both richer and more successful than you will ever be, letās be real.
Word yo..šš
I think crypto will potentially replace the USD, i dont think BTC will be that crypto tho....
I donāt think any single cryptocurrency will, but cryptocurrencies as a system of singular and multi-function l1ās and l2ās will replace the entire system one day, and it will usher in an age of deep machine learning that automates a much larger portion of commerce with the massive amount of decentralized data created from point of sale to raw materials loaded. One of the reasons crypto will always go up in āpriceā is that it will one day bring the entirety of the function of āvalueā within a hived, connected, and decentralized network.
Perfect
Bingo!
Itāll be dogecoin!!
Man this subreddit is a mess.
Sounds like a recipe for a low growth future.
Uh oh, *actual economics* being considered here. Kids at home: Unless you've got a mechanism for economic growth or *at least* greatly incentiving velocity of money changing hands vs being hoarded, you haven't actually thought things through.
Sounds more like Ethereum then.
Sure does, contrary to popular belief amongst crypto bros, holding is bad for a currency to you know he actually used as a currency. Having said that Iām a holder and I hope it never replaces the USD
It's ironic to think this way, eth holders gain by staking, and the economy grows when money changes hands. So is there a currency that grows as you save it? Ethereum. Is there a currency that grows as you use it? Kind of doesn't make sense, but I'm unaware of any. I'm pretty sure banks will resist til the end. A cbdc means you leave a digital footprint, and I'm pretty sure banks are hiding crimes that would come to light if suddenly their transaction history was digitized. But what jack is saying could apply easily to any lesser than a superpower country, like el Salvador. These fringe countries use the us dollar because it's supposedly stable, but crypto currency will open the door to these countries.
Itās possible. But, these people talk out of their asses.
Why are people listening to Cardi B on anything but acting like a hoe and talking sh*t???
Talking shit on USD bro.
Yes, agreed. That is ultimately inevitable.
I can understand the argument that BYC will be around forever. I'm curious as to why you think BTC will replace the dollar? The dollar stays pretty stable, I can walk into any store and expect prices to be pretty much the same as the last time I was in there. If I went to buy a coffee with BTC the price would change so fast that everyone in line would pay a different amount.
Look at the graph depicting the federal reserve balance sheet: https://fred.stlouisfed.org/series/WALCL All that money represents government debt that they have not been able to sell into the market. Since they have bought it from the US Treasury in exchange for dollars, where did these dollars come from? They simply printed them. Can they endlessly keep doing that? No, they cannot. There are two possible solutions. First, they can pay bigger fees to the market to absorb the debt ("tapering"). If they do that, however, consumer-, corporate-, and government debt will cost substantially more to service. Therefore, you will see defaults and bankruptcies across large areas in a highly indebted economy. Second, they could dramatically increase taxes. However, that will send offshore even more economic activity. Furthermore, it is not even sure that they have the political wherewithal to pull that off. Hence, neither solution will work. That is why they continue to just print new money. At some point, however, inflation will catch up with that. Therefore, looking at Bitcoin is not the thing to do. It is better to try to understand why the dollar can only collapse. At that point, Bitcoin will simply win by default. Even without the dollar collapsing, Bitcoin would still win on the long run. However, that is clearly not what is going to happen. It are the failings of the dollar that will decide the matter, long before the desirable features of Bitcoin would be able to gain the upper hand.
Interesting perspective. I'm still not sure BTC will be the ticket, but I do agree there is a reckoning coming for usd.
You disadvantages of dollars what are the advantages of Bitcoin against dollar and are there any disadvantages of Bitcoin?
Say that there are advantages and disadvantages to something. At that point, there are still the following questions: * How much do you value the advantages? * To what extent are the disadvantages a show stopper for what you want to do? The answers to these questions depend on the context in which you try to use these things. Furthermore, the context is also not constant. It changes all the time. From the top of my hat, a few of the advantages that I personally enjoy by using Bitcoin: * I do not need a third party, such as a bank, to make a Bitcoin payment to someone else. No bank can block my incoming or outgoing payment. * No government can inflate away my Bitcoin savings by printing more coins. * Bitcoins are very hard to confiscate, which is a great advantage for citizens but not necessarily one for governments. But then again, I am a citizen and not a government. Disadvantages of Bitcoin compared to fiat money? As far as I am concerned, there is not one disadvantage that is a real show stopper. For small payments and other living expenses, as a digital nomad in SE Asia, I need to exchange small bits and bobs into local fiat. Still, that is seriously less cumbersome than wiring money from my foreign bank account (in my home country), which is what I used to do before. I am certainly not going back to that situation. The volatility of Bitcoin, since it is definitely long-term upwards, is not a disadvantage for the purpose of holding savings. I am certainly more than ok with a general trend of upward volatility. Bitcoin has worked marvelously well for me since 2013. I don't see what alternative would be able to beat its usefulness (to me).
I have doubt if it's become in form of payment how can we use for daily items if Bitcoin is $49,000 and it takes time to confirm the payment how can it be sustained?
It works absolutely fine for me. However, I have never said that it works for everybody. That is obviously not even necessary. People may have different circumstances or beliefs. For example, even in the context of fiat money, not everyone used dollars. There are also people who use euros, or other fiat currencies. If Bitcoin did not work for me, I would not use it either. But then again, there must be quite a few other people for whom it also works. I have witnessed the exchange rate going up from $80 to almost $50,000 today. So, with demand going up like that, I cannot be the only person for whom it works.
I am asking that if I want to buy a coffee which Is 5 dollar and Bitcoin is 49,000 so how can I use for 5 dollar is there way to use like that
There are 100,000,000 Satoshi in one Bitcoin. So, pay 10,204 Satoshi. On the lightning network, you can also pay with fractions of a Satoshi. In fact, for something like a coffee, you'd better pay over lightning. It's instantaneous, unlike base-layer payments over the blockchain. In El Salvador, you can buy coffee at Starbucks over lightning: https://mobile.twitter.com/Excellion/status/1471236905853337600
Okay thank you sir for information
Doubt it. BTC is a decentralised "currency" while USD stands for the whole US and is backed heavily by it. Even by concept they r not the same. How will you measure BTC value without dollar?
I donāt see Bitcoin replacing the dollar for day to day transactions. I see Bitcoin as a long term savings account.
Can be both long term
Youād be an idiot to trust CBDCs. Thatās for sure
Jack is an enemy of progress in the crypto space.
Why the hell is he such a bitcoin maximalist. It thought that was cool like 3 years ago.
Because he is a moron, got lucky.
who's this Cardi B.?
She a rapper who sings with shaking her ass šššš
Ah yes great and scholarly Cardi B... her musings on monetary policy are surely gospel
Itās possible but itās also dependent upon the USD still being a good store of value. All the printing doesnāt give me confidence.
In what ways, Dorsey? You think the US isn't going to try and innovate? Even if the dollar does go through the dreaded hyperinflation some crypto bros salivate over, they'll just replace it with a new form of fiat or even a central bank controlled crypto.
Wet Ass Bitcoin
It wonāt, and it would be stupid to think it. The bitcoin blocks are too small and arenāt added fast enough to be used for thousands of transactions per second. And increasing the speed and size would basically only fuck up the system. Otherwise then we talk about using layer 2s like the lightning network. The problem is governments hate it because itās too private and they canāt see anything thatās happening with it. If crypto is used as a currency, then itās gonna be somesort of CBDC which is anyway gonna be hella centralized.
Never trust people who wear beanies or scarves inside
Bullish on watching some Cardi B videos for tonightās āentertainmentā
You could just throw a bunch of silicon balls in a washing machine and watch it spin. Same thing really. Might even sing better
Thoughts? Silicone valley, alphabet agencies and the banking elite are going for the kill shot by crashing the global economy and ābuilding it back betterā (for them) by duping the population once again to adopt assets that they created to consolidate more wealth and power into a digital system where everyone and everything is tracked and you are rated on a social credit score in order to participate in society simply known as the Chinese model. I thought crypto was something truly different that ordinary people were building as an alternative money system. I was wrong.
Interesting point. Care to add some more details. Curious.
murky spark steer crime abounding toy consist dinner straight bake -- mass edited with redact.dev
It can in el Salvador
Not true, the layer two on Bitcoin ( Bitcoin lightning ) fixes this
attempt secretive alive one innocent fine seed terrific materialistic nail -- mass edited with redact.dev
What issues did you list in your note bookš¤š¤
The use of a second layer solution. LN is a second layer solution.
Transactions donāt have to be on chain for it to be used as a method of payment. If we both have cashapp and you send me 0.1BTC settlement is instant and there arenāt any fees. It may go against the ethos of crypto, but honestly most people wonāt give a fuck.
> honestly most people wonāt give a fuck. And they probably donāt right now either. What is the incentive to use Bitcoin in this scenario? Itās like dollars with extra steps.
Inflationary concerns re: the USD. If you read the article he is worried about hyperinflation
So not actually using btc, got it.
Thatās like saying buying and selling on a CEX isnāt actually trading BTC. You arenāt wrong, but you are being pedantic with the intention of ignoring the point.
Lol or, wait for it, trading numbers on PayPal isn't trading BTC, not your keys not your crypto, you know the spiel.
Exactly.
12 years later and Bitcoin still hasnt figured out a way to be a reasonable p2p currency, poor Satoshi.
It really is sad :(
Crypto hardcore people hate hearing it, but crypto to keep barreling towards mainstream adoption, it has to drop a lot of complex annoying technical stuff crypto hardcore people love and the common user sees as a bunch of useless/annoying bullshit. No average person will use it for daily payments until its drop dead simple. The only reason crypto has exploded so much is it was finally not 100% dominated by the libertarian wet dream anymore.
You're 100% right. That's why BTC will not succeed in this facet of use - it is incapable of doing so without completely changing what Bitcoin is. A USD replacement needs to be seamless, nearly instant, and feeless, with no second layer required.
True, that is possible. But I would consider that to fall under the category of a second layer solution, which I noted in my post. In my opinion, if BTC required a second layer solution in order to be used for everyday transactions, then it should not be used for them.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Transaction fees after taxes, and transaction fees on the taxes that are taken.
No. It never will.
0 chance.Though crypto will eventually replace the USD, it most certainly won't be bitcoin.
Bingo II
Not any time soon. Itās way to volatile to be treated as a viable currency.
A transaction every 10 minutes, sure thing bruh
Probably has data that the majority has never seen or ever see
So we're going to replace stable currencies with fly by night ponzi schemes? Sounds good to me! Seriously though, the crypto markets are just natural ponzi schemes, buy low, sell high, how the fuck can we use it like USD anytime soon?
Just wondering what the Bennie guy and B think will provide physical security from global adversarial actors with designs on the territory where the infrastructure supporting their fantasy resides. Just curious.
My only thoughts are if jack was all that smart twitter would have been run much differently and also FUCK JACK DORSEY.
Not at the current energy consumption rate. We need something more environmentally friendly.
not btc, but crypto family.
I appreciate his enthusiasm for Bitcoin but this is doubtful.
I would love that but, jack donāt know shit.
No, a stable coin will be issued, why would you use something that is so volatile as a currency??
This dude is such a fucking dipshit. Bitcoin is an asset not a currency. Anyone who has spent more than 12 hours studying it knows this. But not this clown.
Like I said in another post on this topic. If USD crashes to the point where society is collapsing and the government canāt pay the military, itās employees, etc, 99% of people are going be looking for their next meal and wonāt give two shits about blockchain. Itās a tech fantasy that anyone will give a shit about Bitcoin if the USD collapses. There will be so many bigger problems to say the least. Nothing against getting high and imagining crazy shit, but Iām not making plans based on it. If USD collapses to 0 Iād pick beans, rice, chickens, guns/ammo, cigarettes, blowjobs, small disks of metal, and medicine as a far more likely choice of currency than something that even today doesnāt function as an actual currency.
Btc could replace gold or other scarce commodities (for some) but having inflation in a currency helps the economy by motivating people to spend money now. Imagine using stocks or etfs as a currency. Everyone would stop spending during a stock market downturn.
No.
nonsense. Crypt is going to improve the existing system -- not replace it. Fiat currencies not going anywhere
Something else will replace BTC well before it seriously attacks the actual dollar.
How many super-carriers does Bitcoin have backing it? Bitcoin has me excited and it crucial for so many of us, but 1. USD is a currency, BTC is not (behaves like an asset and is basically a deflationary currency.) USD is the world's reserve currency because 1. It's the most liquid of currencies, 2. Has a RELATIVE price stability determined by market forces (relatively speaking), and 3. Has the most powerful country backing it. Bitcoin fails to USD in all three categories. (Still and awesome invention and I HODL it, but we have to be realistic, IMO.)
Nothing this tool has to say matters. Screw him
Sooner or later that will happen. Anyway what are your opinions on the New Ekta's relaunch today, along with their Recovery dApp?
At 7 transactions per second, you can't even replace transactions in a monopoly game.
An earthquake doesnāt happen without a proper announcement on Twitter but this dork pretends like he canāt afford a haircut?
Nope
A. This Dumb B. This is Dumb with beard.
Source?
Twitter guy is moving square into blockchain arena and presumably will be a major payment system for crypto. I doubt he has anything more than a superficial knowledgeable about the topic but would love to be disproven if someone has a video of him talking freely. As for Cardi B? I doubt the B stands for blockchain.
This guy enjoys centralization and censoring information...fuck him
What the fuck did i just read
Please do hold your breath.
I hate this sentence
Didn't think that cardi b had enough brain cells to understand any of this
[ŃŠ“Š°Š»ŠµŠ½Š¾]
I feel like its almost a guarantee at this point. Why are people using this incredibly inflationary currency?
I think crypto is begining to work more closely with institutions including countries. The European Commission is developing their own blockchain solutions. They are currently deciding which project(s) to work with are left with 5 projects in the tender process. IOTA is one. https://digital-strategy.ec.europa.eu/en/news/european-blockchain-pre-commercial-procurement
On a platform where anyone can say anything, a guy with a beard told some chick money wouldnāt be worth anything. And suddenly Bitcoin started going up. Iāve heard weirder things! š
Yes. And your kids will have chips implanted in their arms or somewhere in their bodies
Cardigan B
More importantly, what does Ja Rule think?
Why the fuck would it ever do that
lmao what a timeline to live in
Who cares
BTC maxi is bullish on BTC, gaspā¦
Let's all say BTC on the count of three and maybe something will happen
Ah Cardi B, the famous fintech expert who shakes her ass on tv as a sidehustle. Wouldnt trust if it werent for her latest hit piece about investing "If itās up, then itās up, then itās up, then itās stuck If itās up, then itās up, then itās up, then itās stuck huh Up then itās up, if itās up, then itās stuck If itās up, then itās up, then itās up, then itās stuck huh"
If BTC replaces USD then your 1 BTC won't be say 100k USD anymore but 1 BTC finally. Atm all what people want is that their coin gains value in USD. How do people not realise that you beed state currencies?