Quote from: Lucius on July 30, 2021, 01:49:06 PM

Quote from: RainbowKun on July 30, 2021, 01:20:40 PM

Who would have thought three years ago that a large number of institutional investors would go crazy buying Bitcoin in 2021? So five years later, it is also possible that the central banks of many countries start to reserve Bitcoin as foreign exchange reserves? I prefer to look at today from the perspective of the future, such as 10 years from now, or 20 years from now. After 12 years of development, the Bitcoin network has gained recognition and support from more and more ordinary people, and ordinary working people have begun to say no to legal tender.

I would never confuse the private sector and nation-states in that context, because while it may seem to you that no one thought institutional investors would invest in BTC, it has been the subject of speculation for years. Because they don't care about Bitcoin as such, they invest for profit and nothing more. On the other hand, it is hard to imagine a country buying Bitcoin as its national reserve knowing that its value could fall by more than 50% at any time. After 12 years we don’t have more than 5% of people generally involved in cryptocurrencies, some of which are 100% in altcoins - so at least 95% of all people in the world still believe in fiat - do you consider that a success?

Quote from: RainbowKun on July 30, 2021, 01:20:40 PM

When the existing world currency system collapses, a brand new order will be established. At that time, do you think the people will continue to choose fiat currencies? Or to embrace Bitcoin? At the same time, 10 years later, today's young people have gradually grown up. They have begun to control political power. At the same time, they are also Bitcoin supporters. Will these young people who have grown up promote the establishment of laws that support Bitcoin? Everything is possible in the future. Let us not let the difficulties we face today constrain our imagination.

In what world do 20-year-olds control political power and influence anything but the amount of drugs, alcohol, and sex? If people wanted to change the world for the better, then they would have already done so - but obviously it is much easier for them to live like sheep following their shepherd without using their brains at all.

The things you imagine are possible, but realistically not in the next 50 years, or maybe even in this century.

Quote from: RainbowKun on July 30, 2021, 01:20:40 PM

A large amount of wealth will be stored in the form of Bitcoin. Similarly, even if there is a worldwide war in the future, it will be difficult to eliminate the Internet 100%. In extreme network situations, the Bitcoin network can also exist independently of the existing Internet.

Bitcoin can’t fulfill its purpose without the internet, crypto miners and crypto exchanges - in the event of a global war that would almost certainly be atomic, everything digital would become more or less worthless - haven’t you watched a single movie or series about what the post-apocalypse world looks like?

The present is certain, but the future is constantly changing. Each of us has our own reserves of knowledge and our own unique insights into the future. Now we don’t have to argue about these uncertain futures, we can leave it to time to deal with. For example, five years later, let’s look at today’s post again. Looking at what stage Bitcoin can develop in five years, I believe the answer will have a certain reference at that time.