Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
philipma1957
on 16/11/2022, 03:54:30 UTC
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.

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  Cool.
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

. The governments of the world do not want it yet.

 You would need a true internationally regulated set of exchanges to make it work.

And like it or not no one knows if LN network kills off mining or helps mining down the road.

Could be

BTC = big bond 100000 dollar note

LTC/DOGE  = smaller money.

Doge has solved the what happens if rewards vanish
Doge has ever decreasing inflation rate.

100% year 1
  10% year 11
    1% year 101

Just saying that we have an issue with btc that makes fear. rewards are next to nothing in 2060