Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Instead of a BTC price chart, all we really need is a green vertical progress bar that says "new generation of money loading" and when it reaches 100% we will know that everyone in the world is using BTC instead of fiat.
at a minimum you need btc for value and a shit coin like doge for p2p
https://www.blockchain.com/explorer/addresses/btc/1JdC6Xg3ajT3rge3FgPNSYYFpmf53Vbtje
look at the business done with that address
695 coins in and out a total of 80,000,000 usd today
Are you 100% certain the p2p issue cannot be fixed? I get the volatility has been a problem but it seems that it has decreased over time and might continue to decrease as more and more adoption happens. Fees and confirmation latency are the main issues currently as I understand it?
And whatever happened to the optimism for layer 2 solutions? Or atomic swaps between compatible blockchains? I do not mind swapping Bitcoin for Monero for all my microtransactional needs. Hell, I would even go for Litecoin. Even if that's just a work-around until we get a better solution.
Problem is BTC is fixed and truly anti inflationary.
1 btc is 1 btc
but the dollar/fiat shrinks like mad.
my apologies to JJG and the wo
"Doge is controlled inflation
+x coins every year
year 1 = 1x
year 2 = 2x 100% inflation
year 10 = 10x
year 11 = 11x 10% inflation
year 50 = 50x
year 51 = 51x 2% inflation
year 100 = 100x
year 101 = 101x = 1% inflation
so for p2p it should never grow to huge heights like btc"
Maybe below does happen
now a plus for btc is below
picture most games having the feature below
If this were to catch on it would boost LN bigly
which may help miner rewards/fees
This is a very interesting development if I understand it correctly. If this style of payments catches on in a lot of games BTC will really get helped. It also could possibly help miners fees down the road.
