Post
Topic
Board Bitcoin Discussion
Re: Bitcoin will never become mainstream
by
BlackHatCoiner
on 30/11/2024, 17:32:46 UTC
Bitcoin does bring some good things to the world, where free (as in freedom Smiley ) digital money is inaccessible, but to the western world, what it brings? gambling? crime? mostly. some will argue privacy, but what exactly is private about bitcoin?
Neither. It encourages everyone to start living a low time preference life, which is really big deal for civilization. If you're unfamiliar with "time preference", where's what it is, in short: https://youtu.be/jZ0MXhv66kI.

The reduction of time preference is what enables human civilization to emerge, and what allows cooperation and peaceful coexistence. What fiat currency has incentivized is to lead fragile lives, as failing to do so enables your wealth being eroded by the relentless money printing that produces inflation.

TL;DR, it is the cure to the disease called "central bank".