As long as there aren't enough number of people who sell goods and services in bitcoin, price fixed in bitcoin and not dollars (FERNs) bitcoin is not a way to full freedom. Think about it a little bit deeper and you will understand why.
Bitcoin was a great prototype to give people the taste of what freedom currency shall look like. But the real freedom currency cannot be any crypto that already exists. Why? Simple. Currency can never have first comer advantage. Thats cabal's way of doing things.
Another way to think about it: We dont want our grandkids to be disadvantaged just because they came in a few decades later. Thats what currency should be - just a denotion of value with no inherent advantage.
Are you familiar with bitcoin's inflation protocol and how mining works?
I'm not sure what you mean by an "inherent" advantage. Bitcoins will continue to be mined for another hundred years. After that it will be the same 21 million coins circulating forever, minus any coins that are lost due to lost keys. Miners will still make money, but it will all have to come from transaction fees.
Are you familiar with bitcoin's inflation protocol and how mining works?
Inflation protocol is designed to ensure the coins don't lose value by being created in abundance and hence reduces the amount that can be mined every 4 years or so. What I am talking about is the opposite - the apparent increase in value, not loss of value and hence this is not relevant to my comments.
I'm not sure what you mean by an "inherent" advantage.
There are many many factors at play here, but it all boils down to the fact that bitcoin never managed to shake off the shackles of the CB economy from the get go. Simply put, not all coins are equal. And this is a function of the amount of money pumped by the Cabal into the bitcoin ecosystem, and hence bitcoin never saw the taste of free market.
That does not mean bitcoin cannot actually free itself. But to do that a few things need to happen:
People using bitcoin should stop using exchanges
Everyone should use on-ramp and off-ramp that are pure barter. Not using FERNs.
Bitcoin price must be strictly market discovered. If exchanges or Fed pumps money, immediately it should be possible to arbitrage this and bring the prices back to the market price (which should be based on the energy cost and currency demand)
All sellers should use bitcoin as the primary currency unit. So a price of a meal or a TV or anything else should not be dependant on the FERNs, just bitcoin.
If all these things happen, you will see a sudden correction in the Bitcoin price, and as a result the inherent advantage will be wiped out. But at that point it does not matter whether you use bitcoin itself or a better implementation.
As long as there aren't enough number of people who sell goods and services in bitcoin, price fixed in bitcoin and not dollars (FERNs) bitcoin is not a way to full freedom. Think about it a little bit deeper and you will understand why.
Bitcoin was a great prototype to give people the taste of what freedom currency shall look like. But the real freedom currency cannot be any crypto that already exists. Why? Simple. Currency can never have first comer advantage. Thats cabal's way of doing things.
Another way to think about it: We dont want our grandkids to be disadvantaged just because they came in a few decades later. Thats what currency should be - just a denotion of value with no inherent advantage.
Are you familiar with bitcoin's inflation protocol and how mining works?
I'm not sure what you mean by an "inherent" advantage. Bitcoins will continue to be mined for another hundred years. After that it will be the same 21 million coins circulating forever, minus any coins that are lost due to lost keys. Miners will still make money, but it will all have to come from transaction fees.
Inflation protocol is designed to ensure the coins don't lose value by being created in abundance and hence reduces the amount that can be mined every 4 years or so. What I am talking about is the opposite - the apparent increase in value, not loss of value and hence this is not relevant to my comments.
There are many many factors at play here, but it all boils down to the fact that bitcoin never managed to shake off the shackles of the CB economy from the get go. Simply put, not all coins are equal. And this is a function of the amount of money pumped by the Cabal into the bitcoin ecosystem, and hence bitcoin never saw the taste of free market.
That does not mean bitcoin cannot actually free itself. But to do that a few things need to happen:
People using bitcoin should stop using exchanges
Everyone should use on-ramp and off-ramp that are pure barter. Not using FERNs.
Bitcoin price must be strictly market discovered. If exchanges or Fed pumps money, immediately it should be possible to arbitrage this and bring the prices back to the market price (which should be based on the energy cost and currency demand)
All sellers should use bitcoin as the primary currency unit. So a price of a meal or a TV or anything else should not be dependant on the FERNs, just bitcoin.
If all these things happen, you will see a sudden correction in the Bitcoin price, and as a result the inherent advantage will be wiped out. But at that point it does not matter whether you use bitcoin itself or a better implementation.
The same things you knock bitcoin for
Also apply to gold, silver, and almost any asset.
Exactly why I am not talking about assets but currencies.
The difference between assets and bitcoin… bitcoin can be near instantly transacted across the globe in under 30 seconds for just pennies in fees.
That, even if it were true (sadly it isn't from my own experience) has no relevance to the discussion we are having.