Quote from: NeuroticFish on June 04, 2021, 09:53:58 PM

if we want Bitcoin be the "greatest option" for buying "something from other side of the planet", we kinda need global adoption.

It really depends in the services/products you're buying. I was referring to trusted internet services. The term “irreversible” is being brought to the community as something good, and it is, indeed, in a way. You transactions are resistant, but is the third party really unneeded on a purchase? If, let's say, someone wants to rip me off, shouldn't I have a third party to protect me somehow? What about the taxes? Payees could avoid paying the same taxes they were paying when they used a payment method that required a financial institution.

These are the first thoughts that come to my mind, if Bitcoin was globally adopted as a currency.

Quote from: kaggie on June 04, 2021, 10:20:23 PM

It takes increasing amounts of cash to change its speculation. Speculation tends to stabilise, as people cash out when they have reached their 'moon' as you put it with your example.

But, the adoption isn't increasing. As you said, there are people that cash out. They buy bitcoins to gain profit. They may agree with Bitcoin's philosophy, but they're in just for their fiat gains.

How can you characterize the speculation steadier when a guy makes a tweet and the price goes 5% down?

Quote from: kaggie on June 04, 2021, 10:20:23 PM

In your example, there are a limited number of people who can come to the island with their mushrooms, which should be devalued with infinite mushrooms using any currency anyways. That is supply and demand economics.

Yes, but on a healthily operating state, the currency would be inflated analogously to remain the mushrooms' price same. But, on Bitcoin, everything's fixed.

Quote from: mk4 on Today at 01:52:49 AM

I don't think it's far to categorize 100% of the Bitcoiners into the "I'm only in it for the money" category.

I might wasn't clear enough. I was referring just to the global adoption believers, not to all the Bitcoiners.

Quote from: pooya87 on Today at 03:50:46 AM

You are overthinking everything these days.

I'm a confirmed “overthinker”. Tongue

Quote from: pooya87 on Today at 03:50:46 AM

You don't "earn" anything by being early. You just increase your purchasing power as the deflationary currency you own gains more value.

So you do earn; value. And besides that, by being early you get the chance to mine more bitcoins than the ones a decade later.

Quote from: pooya87 on Today at 03:50:46 AM

You can't claim to know what the majority sees and your reference can't be the vocal people on the internet who keep posting about price and bitcoin as an investment. For all you know the "majority" who see bitcoin as a currency don't like screaming about it on the internet.

I don't claim, no one knows for sure, but I can make my own assumptions. Although, I have to tell you that if you believe in the depths of Bitcoin as a currency, you should wish that the speculators are more than the users. If these fluctuations happened and the investors were the minority, imagine how fluctuating it'd be oppositely.

Quote from: o_e_l_e_o on Today at 09:15:54 AM

And yet, if everyone in the world who owns bitcoin was only interested in holding it in their own wallet because it might be worth more in the future, and never spent it, sold it, traded it, gambled it, used it, transacted with it, etc., then it would be worth nothing.

The key word here is “if”. The holders rely on the global adoption and despite that, we've already said that it's useful. I may hold an amount of BTC, but it satisfies me for oversea transactions.