Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
The King Daddy still remains, and is still thriving. 🕶
yes, true, but, be honest, where is the "alternative financial system" based on bitcoin?
It's possible that just sending coins from point A to point B would suffice (and being a putative 'store of value'), but Satoshi envisioned bitcoin banks, if I recall correctly.
His vision was everyone having the power to be their own bank with no-one else being involved, thereby being protected from the scum sucking bankers.
Quote
13 years have passed, everyone got scars, but there is no "system", would you agree?
At this point, i am not sure if it would be possible as many were trying and so far nothing major had happened. Maybe soon
.
BTW, it is not the fault of bitcoin itself, just human folly and greed (and infatuation with supposedly more 'advanced' shitcoins).
Plus, we need a mechanism that explicitly prevents fake bitcoin 'printing'. No entity should be able to say that they have bitcoin if they don't have a "physical one", and if not, then, as someone said here (sorry can't recall the name) it is "stonks 2.0".
EDIT: btw, here is an interesting article suggesting that we should increase our bitcoin usage and not only focus on hodling:
https://bitcoinmagazine.com/culture/for-bitcoin-to-be-true-digital-cash
At this point, i am not sure if it would be possible as many were trying and so far nothing major had happened. Maybe soon
.BTW, it is not the fault of bitcoin itself, just human folly and greed (and infatuation with supposedly more 'advanced' shitcoins).
Plus, we need a mechanism that explicitly prevents fake bitcoin 'printing'. No entity should be able to say that they have bitcoin if they don't have a "physical one", and if not, then, as someone said here (sorry can't recall the name) it is "stonks 2.0".
EDIT: btw, here is an interesting article suggesting that we should increase our bitcoin usage and not only focus on hodling:
https://bitcoinmagazine.com/culture/for-bitcoin-to-be-true-digital-cash
Been saying the bolded since the first "institutional" involvement but always got shouted down because "thats ngu Br0".
But of course it isn't, it is exactly as I have been repeating for years and I will once again post the quote.
Diluting the 21 million is their ONLY real attack vector and people not keeping their own keys are playing into their hands.
