Where did I lack humility? By suggesting there's disinfo here?
Bitcoin is not fiat by definition; it's value is intrinsic as a record of the effort invested in making it. It doesn't have intrinsic value like beef, which is a good. We need currency to exchange for goods.
Stored BTC, like any stored currency literally is potential energy, as it can be used to power any number of processes.
I don't disagree that it's imperfect, but it works, is ubiquitous, and already lifting millions of poverty imposed on then by cheating governments and central banks.
You don't have to own any and can store your wealth wherever you choose, but in case you hadn't noticed the storm is arriving and you may want to consider grabbing a working boat.
Where did I lack humility? By suggesting there's disinfo here?
By suggesting you know everything there is to know in this area and anything you dont agree with is disinfo.
Bitcoin is not fiat by definition;
You cannot "define" something to be "not fiat". Fiat has a meaning and anything that fits that meaning is fiat. Bitcoin has value only because the people driving its value (which is a very small fraction of the total holders) say "let it be so".
it's value is intrinsic as a record of the effort invested in making it.
Value of the effort invested in making a transaction is not the same as value of the transaction itself. Value of the record of the transaction is intrinsic, not what the transaction represents.
as it can be used to power any number of processes.
Bitcoin is a digital record. Using those numbers you cannot power anything. You feel like it can power things only because there are people sitting giving it value for whatever reason, and that value can be used to power things. When those people are gone, there will be no value and so no powering.
Intrinsic is something that has a value by itself, not because people agree it has value.
I don't disagree that it's imperfect, but it works, is ubiquitous
It can never replace currency completely. So its not just imperfect, but unsuitable, by design. Happy to argue this in a separate thread if you like.
and already lifting millions of poverty imposed on then by cheating governments and central banks.
Again, an illusion hanks to he FIat currency that backs it. The day the Cabal dumps all their holdings, or when all the exchnages disappear, all these people will become penniless. Because it has no intrinsic value.
but in case you hadn't noticed the storm is arriving and you may want to consider grabbing a working boat.
I sincerely hope you have, as contingency for the impending storm, other alternatives beyond bitcoin and crypto.
Where did I lack humility? By suggesting there's disinfo here?
Bitcoin is not fiat by definition; it's value is intrinsic as a record of the effort invested in making it. It doesn't have intrinsic value like beef, which is a good. We need currency to exchange for goods.
Stored BTC, like any stored currency literally is potential energy, as it can be used to power any number of processes.
I don't disagree that it's imperfect, but it works, is ubiquitous, and already lifting millions of poverty imposed on then by cheating governments and central banks.
You don't have to own any and can store your wealth wherever you choose, but in case you hadn't noticed the storm is arriving and you may want to consider grabbing a working boat.
By suggesting you know everything there is to know in this area and anything you dont agree with is disinfo.
You cannot "define" something to be "not fiat". Fiat has a meaning and anything that fits that meaning is fiat. Bitcoin has value only because the people driving its value (which is a very small fraction of the total holders) say "let it be so".
Value of the effort invested in making a transaction is not the same as value of the transaction itself. Value of the record of the transaction is intrinsic, not what the transaction represents.
Bitcoin is a digital record. Using those numbers you cannot power anything. You feel like it can power things only because there are people sitting giving it value for whatever reason, and that value can be used to power things. When those people are gone, there will be no value and so no powering.
Intrinsic is something that has a value by itself, not because people agree it has value.
It can never replace currency completely. So its not just imperfect, but unsuitable, by design. Happy to argue this in a separate thread if you like.
Again, an illusion hanks to he FIat currency that backs it. The day the Cabal dumps all their holdings, or when all the exchnages disappear, all these people will become penniless. Because it has no intrinsic value.
I sincerely hope you have, as contingency for the impending storm, other alternatives beyond bitcoin and crypto.