Yeah, I think the future is things like monero on decentralized exchanges. And I think more and more, we are going to have to make direct payments with it, instead of cashing it out through an exchange.
That was the whole point, it was never supposed to be paired with fiat through centralized KYC exchanges. First purchase ever made with Bitcoin was two pizzas back in 2010, no fiat involved, just a peer-to-peer transaction directly after the guy ordering the pizza and the delivery man agreed on the payment because they both understood the point of Bitcoin.
this is because prices are still denominated and contracted mentally in fiat. crypto is only being used as a payment mechanism.
at my company, we started allowing employee payments in crypto, but even still, it's just a payment mechanism. wages are still denominated in USD.
when crypto becomes more than just a payment mechanism, that it's the actual base currency for denominations, that's when shit will get real. my current biz partners would never go for that, but in my next company, i'll be doing it from the start.
Bitcoin is obsolete, it is not fully private and in fact with these KYC measures it is WORSE than fiat because every transaction you've ever made is visible on the public blockchain.
Monero is what Bitcoin was meant to be, and was likely made by Satoshi himself using the learnings from Bitcoin's privacy failings. It is the future.
Bitcoin as it stands now is little more than a ponzi scheme for those who don't understand the underlying tech.
Crypto currencies are not inherently speculative assets, that is the way in which they are being misused.
By your definition of speculative assets, fiat dollars are as well.
All stock markets are retarded as they incentivize a disconnect between a companies performance and behaviour from it's public image.
Companies should make money for having good products and services and for benefiting society, not because their stock is popular. The opposite is also true, good companies should never go public and risk losing everything in to a pump and dump.
Instead of the whole wallstreetbets thing, people should boycott all publically traded companies, and refuse to put money in traded accounts.
We all know who we're at war with here, we need not be hypocrites chasing fiat wealth.
We all know that any form of money is just a convenience tool, and decentralized crypto is barely any better than fiat dollars if we just chase speculative crypto wealth as well. There's no real world value in playing number games even trading crypto pairs on a DEX. That's just getting rid of the warden, but still living in the prison and enforcing the warden's rules on each other instead.
Yeah, I think the future is things like monero on decentralized exchanges. And I think more and more, we are going to have to make direct payments with it, instead of cashing it out through an exchange.
That was the whole point, it was never supposed to be paired with fiat through centralized KYC exchanges. First purchase ever made with Bitcoin was two pizzas back in 2010, no fiat involved, just a peer-to-peer transaction directly after the guy ordering the pizza and the delivery man agreed on the payment because they both understood the point of Bitcoin.
The reason crypto isn't booming the way it could be is because it's because people are using it to gain fiat wealth.
People need to keep their crypto as crypto, and completely abandon the central banking system.
Using a centralized exchange is like using a gas generator to charge your electric vehicle.
this is because prices are still denominated and contracted mentally in fiat. crypto is only being used as a payment mechanism.
at my company, we started allowing employee payments in crypto, but even still, it's just a payment mechanism. wages are still denominated in USD.
when crypto becomes more than just a payment mechanism, that it's the actual base currency for denominations, that's when shit will get real. my current biz partners would never go for that, but in my next company, i'll be doing it from the start.
Give people freedom, and they'll throw it away... Ignorance is strength as they said in 1984.
Bitcoin is obsolete, it is not fully private and in fact with these KYC measures it is WORSE than fiat because every transaction you've ever made is visible on the public blockchain.
Monero is what Bitcoin was meant to be, and was likely made by Satoshi himself using the learnings from Bitcoin's privacy failings. It is the future.
Bitcoin as it stands now is little more than a ponzi scheme for those who don't understand the underlying tech.
That's like saying http is bad because shitty websites dominate the internet.
Crypto currencies are not inherently speculative assets, that is the way in which they are being misused.
By your definition of speculative assets, fiat dollars are as well.
All stock markets are retarded as they incentivize a disconnect between a companies performance and behaviour from it's public image.
Companies should make money for having good products and services and for benefiting society, not because their stock is popular. The opposite is also true, good companies should never go public and risk losing everything in to a pump and dump.
Instead of the whole wallstreetbets thing, people should boycott all publically traded companies, and refuse to put money in traded accounts.
We all know who we're at war with here, we need not be hypocrites chasing fiat wealth.
We all know that any form of money is just a convenience tool, and decentralized crypto is barely any better than fiat dollars if we just chase speculative crypto wealth as well. There's no real world value in playing number games even trading crypto pairs on a DEX. That's just getting rid of the warden, but still living in the prison and enforcing the warden's rules on each other instead.
Every transaction being visible isn't a problem, people too dumb to practice opsec is a problem.
im starting to see more and more bitcoin may be a scam. going to get my 2000 out of there....