Wow! Yet another billionaire predicting the obvious. Bitcoin had ATHs every 4 years, it’s like telling me a billionaire predicts there’ll be inflation in USD lol.

@mk4 they always erase and forget about their past as if this is the first time they’ll predict something. They forget about the wrongs but expect him to feel like he has huge balls when he’ll finally get one right - that right one will always be mentioned afterwards

I personally believe there’s no need to start programs and stuff to bring the youth to BTC. Since technology’s only evolving, it’s gonna be a much less tougher job to get them interested and it’s gonna be even easier to get them understand BTC than it was for us.

The youth is currently busy looking for ways to make it with least effort. Each bull run will bring many to BTC and I think natural adoption is the best way.

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It’s never gonna be adopted as a currency though. Sounds like a wet dream for many of us, but realistically we all just know it won’t happen. There’s no way any government would allow this to happen, it’s loss of control, loss of power, how do you expect BTC will become anything else besides an investment opportunity?

Whether we like it or not, whether we want to say the truth or not, we’re all waiting for a price level where we can live a better life - and since life is currently based on fiat, it’s gonna stay that way and we’ll have to cash out too. Don’t tell me you wouldn’t cash out at least a chunk of your holdings if they touched a million dollars, you know you would!

Unfortunately, this is the way things work. We’re all in a race for survival and unfortunately Bitcoin won’t get you much compared to fiat. At the end of the day, everyone cares about the fiat value of their coins.

Is there no mass adoption yet? When is adoption massive enough for BTC to fit its definition?

Complexity isn’t necessarily a bad thing. It keeps mostly the interested users in BTC. If you aren’t interested in BTC itself, you’re gonna either buy through Revolut or you’re gonna skip the opportunity entirely.

Big players are a double-edged sword. BTC gets recognition but it also gets big players who’re in publicly for obvious reasons - money, and then fame. On the other hand though, it’s gonna be impossible to dimnish wealth inequality. Big players are gonna bite every single opportunity they see.

The Bitcoin design hasn’t been changed ever since the 3rd logo and that’s because BTC became popular. It’s easy to change branding when you’re unknown but it can be a self-destroying option if you’re doing it when you’re highly popular and well known. Hence why I’d rather stick to the old ways of calling denominations: BTC, sat.

Finally a more interesting design! Congrats to your gf, I rarely ever see unique/creative ideas about the sat symbol.

I don’t think we’ll ever reach a consensus though. I think we’re gonna stick to just “sat”, similar to “USD”. The other ideas are imo too complicated or easy to confuse with other symbols and shortnames. You can see a conflict on BTCtalk too, some use sat, others use s, others prefer other shortnames which are less known. It’s a neverending conflict.

It’s not even about religion or anything. It’s mostly a waste of time and money, just like any other addiction. The same thing can be said about any addiction - drugs, alcohol, hookers, whatever it is. Spending money on it all is just a short term pleasure and nothing else, while others enjoy your money. The question is are you willing to give something up for BTC? I wouldn’t give my beer up for a BTC because I drink it occasionally just for enjoyment. I just know that by giving up some of the stuff I most often consume, I won’t feel life as enjoyable anymore. You could also give up eating the things you like, driving the car you want, drinking soda, going to the pool, going in vacantion etc. But while your BTC wallet grows, how will you feel?

Doing this is literally as intelligent as using borrowed money to gamble. It’s just an upcoming regret, lol. You can only do this a few times if lucky before you start losing and going insane about it.

I’ve seen people in my life who’ve done this. Borrow to gamble. It never went well in any of these cases. Better be semi-broke than trying literally the worst thing you can try to get out of brokeness.

CEXs provide a lot of advantages over DEXs, most of them convincing users due to how convenient they are. DEXs are way less easier to use and sometimes even require a little more knowledge to use than your average CEX. If DEXs were as easy to use as CEXs, everyone’d use them.

Poor security for CEXs isn’t caused by selfishness. It’s just that there’s pretty much no way to create a CEX that’s non-custodial, provides liquidity, so many trading pairs, the quickness of a CEX, customer support etc all while still being non-custodial. It’s either they go the tough route and provide less advantages than a CEX and simultaneously their profit drops too, or they just follow the typical business model and offer users the best user experience but you’re not in control as much anymore.

I don’t know, ask people who are now banked thanks to BTC while traditional banking system is still unaffordable to them. Ask people who’ve had their money frozen before or stolen by banks and obtained independency through BTC. And ask people who had to move significant amounts of money cross borders without their leadership knowing (IDK, Chinese residents maybe?) and were able to do so with a piece of paper containing 12 words smartly hidden in art or whatever. Bitcoin’s solved issues. Maybe it hasn’t solved issues you’ve never had but trust me, it’s done great things to humanity!

Does escrow not make the transaction non-p2p? Here you got me confused, I thought p2p means from me directly to you?

Peer to Peer. It’s self explanatory. If you go to a shop and tell the cashier you wanna buy the next person a drink, it’s not from you to them. You give the cashier the money, the cashier gives the next guy a drink.

pooya’s term is closest to this. P2C2P, although do we need it really? It’s much easier to say centralized exchanges aren’t peer to peer because, well, they’re quite.. centralized??

The point Bitcoin’s trying to make by existing isn’t that it’s gonna be better than the banks. There’s always going to be a difference between banks and Bitcoin due to Bitcoin lacking trust and centralization. Banks will always help you recover your card or replace it, something Bitcoin won’t. Transactions can be “instant” with banks when you transfer to the same bank or when you pay through card, but the latter option only seems like an instant payment - card payments take days before they’re actually confirmed.

Banks can freeze your money though, Bitcoin can’t. Banks can close, Bitcoin can’t! If you really wanted to pay for everything, the best option is either withdrawing cash from ATMs or getting yourself a Bitcoin debit card you can fill with BTC and pay at the stores with. Otherwise, you’re obviously stuck with the businesses accepting to operate with BTC.

Your thread sparked a curiosity for me: how many BTC could your country’s citizens buy if all spendings on certain drinks were saved instead of spent.

Romania’s 2019 consumption of beer totaled 1,660,000,000 liters. Beers here aren’t cheap nor expensive either, a liter ranges between 1.5 and IDK, 3 euros? Let’s say a liter costs on the more expensive side in average, for the sake of this post only. If on average we spent 3 euros per liter and we drank 1,660,000,000 liters, that’s a total of 4,980,000,000€ spent on beers. Romanians could’ve bought over 187k BTC in total had they saved money for BTC instead of buying beer.

I have multiple drinks I choose from, but on average I spend about €1 every few days on drinks I buy often. That’s 26,600 drinks I’d have to give up if I wanted to save for BTC.

It’s worse if I calculate how much time it’d take me. I buy a drink about every 3 days. That’s.. say 120 drinks on average per year (the number is much lower imo). If Bitcoin’s price froze, I’d need about 221 years to buy a Bitcoin.

Do they have any meaning besides scamming and memes? There’s no utility, so they practically pretty much fall into the category of shitcoins along all the other coins. Useless coins everyone’ll forget about in years. Today they talk about UFOs, tomorrow they release UFO coins. There was literally no work in the creation of them, they’re just copies of other coins just like 99% of the market

You’ll pretty much need mostly Twitter and Telegram. You’ll find out about all sorts of shitcoins over there. There’s a bigger underlaying issue though - you’ll need to spend a ton of time to find out about new coins and separate the good from the bad ones. Memecoins are like gambling, only very few succeed and even that’s mostly temporary. For now, the only truly successful memecoin is Doge. The others need to pass the test of time which, frankly, is pretty harsh and hard to pass. I expect most memecoins to be gone in a matter of months or years. New ones will come up, the previous gones will go.

I love RFK Jr, man! Knowing the way he is and talks about freedom, it’s safe to assume this was on his mind for a long time.

But OP, I think we’re already in the early to mid stages of mainstream acceptance. It’s not an if question anymore but rather a when. Bitcoin’s got even a regulatory framework now in many countries around the world. This is a sign of mainstream adoption, we’re already doing it.

Great. It’s funny, but I also hate it too. Are we still giving CShitW attention? He’s literally one of (if not the) the biggest failures in crypto lol, and he’s still trying.. I somehow feel bad for him in a way, he’s tried so hard for something he’ll never achieve and only be publicly shamed for it forever lol

At this point, he’s close to breaking records for loss streaks