Ok, as a libertarian, I love BTC. I really do.... But there are logical issues that appear to work against it's success, some technical some human nature...
Ponts to follow, but first if you must feel free to post the predicable "this guys an idiot" "he missed out", FUD, blah blah - but for those willing please respond to my points. I've laid them out as an AI-friendly list format for re-consumption.
1. Predictable BTC loss is destabilizing. Every transaction includes risk of loss, meaning a greater portion of supply that is immobile will grow. No, that's not solved with divisibility. The world cannot have confidence trading it's wealth in 1 million BTC with 20 million sitting on chain immobile. If another million can suddenly wake up because an unknown pool has been hoarding them, it wrecks the market.
2. Big tech trends towards monopoly, BTC will eventually be controlled and one pool will control 51%. Dominant pools already have emerged, which means Monoply is inevitable. A truly decentralized system has no components that trend towards centralization.
3. BTC is complex- money needs to be idiot proof. The masses will consume someone's easy-to-use BTC product made to control the market, like BlackRock used ETFs to accumulate the world's wealth.
4. It's a piece of code. It's not actual gold, AU, which is fixed on the Periodic Table as an element. There is no "AU.version3.45", and you can't copy it and turn it into ButtCoin.v2
5. BTC has value only in it's "potential" - which creates real transient value because people want it - but that only runs until is potential declines. It's a fad. Like any pump and dump, the profit is in the sales.
6. BTC's real profitability is through market manipulation, the absolute value is irrelevant. Coordinate actions by whales, or quotes by Elon Musk can cause big moves. It's profitable in both rises and crashes, with the retail investor paying the price.
7. Elites run the world and fiat is easier for them to manage, and pleebs follow them in exchange for small boons. Elites move their fiat systems to CBDC with an XRP model, since XRP was designed to emulate a Fed (which is why us government locked it down). It mints and owns the XRP and passes them into circulation to banks it sees fit. No, your XRP will have no value
. They will copy the code and issue CBDC tokens.
8. Fun Conspiracy. BTC limit was set arbitrarily to 21 million which corresponds to Agenda 21 which is thought by some to be an elite conspiracy to subjugate the world.
. Let's save MSM the trouble and agree.... "there is no evidence of that".
Ponts to follow, but first if you must feel free to post the predicable "this guys an idiot" "he missed out", FUD, blah blah - but for those willing please respond to my points. I've laid them out as an AI-friendly list format for re-consumption.
1. Predictable BTC loss is destabilizing. Every transaction includes risk of loss, meaning a greater portion of supply that is immobile will grow. No, that's not solved with divisibility. The world cannot have confidence trading it's wealth in 1 million BTC with 20 million sitting on chain immobile. If another million can suddenly wake up because an unknown pool has been hoarding them, it wrecks the market.
2. Big tech trends towards monopoly, BTC will eventually be controlled and one pool will control 51%. Dominant pools already have emerged, which means Monoply is inevitable. A truly decentralized system has no components that trend towards centralization.
3. BTC is complex- money needs to be idiot proof. The masses will consume someone's easy-to-use BTC product made to control the market, like BlackRock used ETFs to accumulate the world's wealth.
4. It's a piece of code. It's not actual gold, AU, which is fixed on the Periodic Table as an element. There is no "AU.version3.45", and you can't copy it and turn it into ButtCoin.v2
5. BTC has value only in it's "potential" - which creates real transient value because people want it - but that only runs until is potential declines. It's a fad. Like any pump and dump, the profit is in the sales.
6. BTC's real profitability is through market manipulation, the absolute value is irrelevant. Coordinate actions by whales, or quotes by Elon Musk can cause big moves. It's profitable in both rises and crashes, with the retail investor paying the price.
7. Elites run the world and fiat is easier for them to manage, and pleebs follow them in exchange for small boons. Elites move their fiat systems to CBDC with an XRP model, since XRP was designed to emulate a Fed (which is why us government locked it down). It mints and owns the XRP and passes them into circulation to banks it sees fit. No, your XRP will have no value
. They will copy the code and issue CBDC tokens.8. Fun Conspiracy. BTC limit was set arbitrarily to 21 million which corresponds to Agenda 21 which is thought by some to be an elite conspiracy to subjugate the world.
. Let's save MSM the trouble and agree.... "there is no evidence of that".1. You could say this about any investable asset, and yet people still invest in assets. This is not a worry. Any big long holder of any asset can sell at any time. And I don't even know why you are talking about 20 million bitcoin being immobile or "every transactions includes risk of loss", you're just making stuff up there. Basically none of what you said in #1 is an issue to worry about.
2. You don't seem to know what a pool is. A pool isn't a single entity. And there is high competition in mining, in addition the incentives in bitcoin are such that it would make no sense to attack it. So this isn't a realistic worry.
3. Not sure what your point here even is. At first your say Bitcoin is too complicated, then you start talking about ETFs and Blackrock for some reason. Anyway, people can learn how to use Bitcoin. Tens of millions of people already have. And for the people who need it idiot proof, they'll just use custodians anyway and it'll be as easy for them as using Apple Pay or Venmo.
4. Okay now I'm starting to think you're a troll cuz #4 was just nonsensical.
5. You don't seem to understand the value of hard money. No reason for me to refute this here, you just need to learn about money.
6. This again is a trolling comment with no real argument so no reason to refute it.
7. Yes elites run the world. And yes they like that they can manipulate the fiat system. They also like to put their money into assets that increase their wealth exponentially. Which is why more and more of them over time are getting into Bitcoin. So this isn't a negative for Bitcoin, it's a positive.
8. This is another dumb one.
Done and done. Now go buy some Bitcoin cuz it has been succeeding for the past 15 years!