Shhh stop suggesting what BTC was always about
(media.scored.co)
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Dude, I've been barking at BTC for 10 years, I know all the talking points and criticisms.
Guess where all the technology you're using, including the internet and modern cryptography comes from? Ultimately, you're always putting your trust in the system that creates and maintains the technology. It's inevitable unless you build and maintain it yourself.
Yes, BTC is mostly used as a store of value like gold. And just like gold, you can tether currency to facilitate transactions of said value.
Depends on how serious you are on staying anonymous. There is a way to open a wallet that's not tied in any way to your ID. But even if I grant some hacker still can trace you that applies to any transaction you make, including cash.
It's either BTC which is a decentralized blockchain money with limited supply or Fed ran CBDC programable social credit monopoly money. That's the future and it shouldn't be a tough choice. If you have an alternative I'll hear it out.
Yes we are all using a compromised system, but people act like bitcoin is untouchable when it's easily seizable. You can open a wallet not tied to your ID but unless you're mining which is increasingly unviable for an individual then you're not anonymous, unless you figure out some anonymous way to buy your Bitcoin as the transfers from wallet to wallet will live forever. Right now Bitcoin is a speculative asset, in the future it may be a store of value but people are piling in in hopes of it going to the moon. No one is seriously using it as currency because it is too volatile.
At the end you present a false dichotomy as if there are no other choices. There are already crypto that are more privacy focused and less network intensive than Bitcoin. We could also attempt to avoid a world digital currency altogether, though that's unlikely to happen because tptb love their control
A transfer from one anonymous wallet to another is anonymous regardless of it staying on the ledger forever. BTC is not any more speculative than other assets like gold or the dollar which are entirely controlled by the central bankers and that's not just speculation like in the case with BTC. Its value is the technology itself and it being the biggest p2p network in existence. There are already countries that recognize BTC like El Salvador. Volatility will come down with time but it's going to the moon. It already achieved the 100k milestone that critics thought was impossible because the bubble would burst "any time now".
I already acknowledged BTC is not the best currency-wise because it's a store of value like gold. There's a reason people don't trade using gold ingots and coins anymore. More practical cryptos can be tethered to BTC. If it's a false dichotomy you should be able to present the alternatives that have all the strengths and less weaknesses than BTC. Currently BTC is a safeguard against government overreach and I'd rather have money there than in my bank account. If that changes and BTC turns becomes a tool of the technocratic elite, I'll admit I was wrong.
We're not going back to the good ol' pirate days even though I'd like that because I love gold and stack it - the future is digital whether we like it or not. I don't even use a smartphone, I plan to live in the country and I'm against digital payment but reality is reality.
Reality being reality is what had me jump into AI, as much as I detest it, my lack of involvement is not going to make a difference. So in that way we've both come to realizations we aren't pleased with. I think both will be used to control us, so I might as well deeply understand how they work. In any case, I appreciate that we became more civil in this discussion as opposed to less so as dialog went on. I do appreciate your perspective and I hope I'm wrong, it's just hard to see it. As a hedge against my own perspective I bought like .25 of a BTC last year, but I have much more precious metals
Yes, I believe we're in the same boat. I'm not afraid to admit I am wrong and bear the consequences. We're all playing 4D chess at this point exploring uncharted territories with these technologies. I'm very much against AI and have never used it outside of checking it out. You're smart to hedge some BTC even if you don't believe in it and I'm pretty much in the same situation because I hold more gold than BTC and look for real estate too. People who are not smart about investment will be enslaved by the NWO - the rest may still have a chance and build sustainable communities. Good talk.