Please explain how many transactions the BTC blockchain can manage and how this will change over time.
This is the main reason BTC will never be a currency.
I got out of it before the crash. I guess a lot of cryptobros fail to understand a lot of the mechanisms. They would buy plots of virtual land too lol.
I'm not a BTC superiority person. BTC is also a great STORE of value however. But if you notice I clearly said "Blockchain" didn't I?
Layer2 is perfect for being your own bank and instant transactions that cost pennies and also DeFi. Tokenize all the things. Destroy hedge funds and brokers and eliminate the need for large swaths of government and other gatekeepers.
When cubic zirconia came about a lot of people thought that the value of diamonds would reduce to virtually zero. Seems like a reasonable fear since scientists can now create perfect diamonds in the lab. But the reality is that humans continued to value the realness of the diamonds formed naturally. Combine that with the fact that creating diamonds in the lab still took a lot of energy and time, so it couldn't go to zero. I could see a similar thing occurring here, with manufactured gold having a base price and real gold maintaining it's higher value.
Why invest in something that can literally be "turned off"? We don't want "central digital currency" but this is okay? Physical gold (and silver) are REAL money not this fairy electronic shit.
Gold is not vaporware. Historically, it has ALWAYS kept its good value.
Noise.
Please explain how many transactions the BTC blockchain can manage and how this will change over time.
This is the main reason BTC will never be a currency.
I got out of it before the crash. I guess a lot of cryptobros fail to understand a lot of the mechanisms. They would buy plots of virtual land too lol.
More importantly, how much energy it consumes and what happens when the rich people pool together their energy to take over the blockchain.
I'm not a BTC superiority person. BTC is also a great STORE of value however. But if you notice I clearly said "Blockchain" didn't I?
Layer2 is perfect for being your own bank and instant transactions that cost pennies and also DeFi. Tokenize all the things. Destroy hedge funds and brokers and eliminate the need for large swaths of government and other gatekeepers.
See this post https://greatawakening.win/p/15Ir28rdyw/the-revolution-will-be-tokenized/
We did see a Bitcoin crash when it was revealed that China had One Trillion Dollars in counterfeit Bitcoin. Still hasn't recovered from that one yet.
L O fucking L!
When cubic zirconia came about a lot of people thought that the value of diamonds would reduce to virtually zero. Seems like a reasonable fear since scientists can now create perfect diamonds in the lab. But the reality is that humans continued to value the realness of the diamonds formed naturally. Combine that with the fact that creating diamonds in the lab still took a lot of energy and time, so it couldn't go to zero. I could see a similar thing occurring here, with manufactured gold having a base price and real gold maintaining it's higher value.
That said, you never put all of your eggs in one basket. Buy multiple metals. Buy some bitcoin. Buy real assets. Etc...
Don't take financial advice from anyone who's last names "Bealzabub".
Why invest in something that can literally be "turned off"? We don't want "central digital currency" but this is okay? Physical gold (and silver) are REAL money not this fairy electronic shit.