Yebbit a BTC "shortage" was already baked into the proverbial cake... there's always been a limit on the total number possible to mine... it's not going to go on forever.
I don't have a horse in that race... but I'm curious to see what happens when all BTC is mined and it's essentially a completely dead currency... How will that all shake out?
I'm forecasting that there will come a point where everyone is going to want to liquidate/get out of BTC ASAP and then the value will race to the bottom while the frenzy ensues...
Then hardcore conspiracy theorists can retire another foil hat...on top of their stacks.
I'm surprised xrp/ripple isn't more popular because it's superior in almost every aspect... although they have questionable ties to the [DS]...then again, who in that arena doesn't?
Thanks...it drives me nuts how some can be so intelligent on one hand and willfully ignorant on the other. Retards trying to tell ME that shits backed by electricity of all things...Ph you mean the electricity that was completely consumed during mining?...It's backed by precisely ZERO besides your beLIEf that it's worth something... just like the Easter Bunny & Santa Claus...oh and USD
Yebbit a BTC "shortage" was already baked into the proverbial cake... there's always been a limit on the total number possible to mine... it's not going to go on forever.
Indeed. 21 million coins to be mined is by definition a limited supply.
What makes the current situation different from say, 2022/2024) is that the coins are being hodle-d. AND: The on chain transaction volume is decreasing.
When coins in circulation amounts to two million, and 10% of it is being scooped up by big corporations and states to support their treasuries (collateral function)
For a state: it makes the state financiable. e.g. 1000 BTC equal 100 million, NOW but in 10 years: 1 billion. or even 21 billion. SO, it is thought to be a stable development of equity. It could be used for future debt finance or, to decrease tax-burden.
for companies: this directly influences their stock rating. After all, stock is equity and if equity increases, but the amount of stock remains the same => stock price increases. Or, amount of stock can be diluted to exchange equity for debt.
It means that on the big scale, adoption is looking to be the norm. Of course this means that BTC is moving from a simple payment system to something much more: a Collateral asset.
For Space Force, BTC is part of the "Full Spectrum Domination"-doctrine. From this point of view, the moves since January have to be considered.
I'm forecasting that there will come a point where everyone is going to want to liquidate/get out of BTC ASAP and then the value will race to the bottom while the frenzy ensues...
As for now: those who have BTC are happy to take worthless FIAT for it.
But it also shows, that people can simply create their own currency. It is a total defeat of commercial banking. Because it is there where currency creation happens:" by creating debt", first, a promise to pay". And what do you get? A piece of paper that says: Promise to pay. So, you did not really get anytyhing.
That is changing.
So, commercial banks are in a pickle right now. On the one hand: they loathe BTC. On the other, they wish they'd come up with it. Hence: XRP.
Personally, I think it is better than USDT or USDC, as these need ETH to function. And with every payment, you need to pay the gas fee in ETH. At times, uncomfortably high. So, I see a role for XRP in relation to the dollar, perhaps some banking assets management tool, intrabank lending, that sort of thing.
In terms of speed, XPR beats BTC. In terms of transaction fee: XRP beats BTC. In terms of decentralization, anonymity, control and privacy: XRP is defeated. It is not its core function.
States have a problem with it, because BTC is outside of their purview, outside their jurisdiction, BUT: they love programmability and scalability. Hence: CBDC.
The banks hate CDBC. They like the programmability, but they want to be the ones creating it by debt instruments. They run the risk of being cut out of the action.
So, there is a nice competition going on here. Hence, the reason why all these banks run into Mastercard and Visacard to be the processor of choice between crypto USDT/USDC and the fiat world.
So no, even IF the big corps will dump their crypto all at once .... (the strategic value of a BTC asset-network is to high, so I do think the probability of that happening is rather small), The People can choose otherwise.
I'm sure you're just as curious as I am to see how it all shakes out.
Being the eternal skeptic, I'm just wondering how hard the common man will get cornholed, like they always have, since the beginning of time.
A sliver of me is hopeful DJT drives a wedge between us and the black nobility and breaks their monopoly on future banking... but that's absolutely no easy feat given their history and the fact that they created the financial system to begin with... and all the laws and regs on the backbone...🤞🤞🤞
It is becoming aware of the source of credit .... our life force.
The next question becomes how to leverage that.
Perhaps Trump's remark in Idaho shows the direction: Some bankers are nice, some are shylocks ...
what I take from the whole crypto sphere development, is that we do not need commercial banks.
interestingly, in Europe, there is an Island called: Sardinia. In 08 its economy was next to dead. In came CCC, a system developed by an obscure foundation called: STRO, headquartered in Utrecht.
They developed a digital platform in which each company could extend credit themselves to another participant. The monetary unit is called: SARDEX.
Yebbit a BTC "shortage" was already baked into the proverbial cake... there's always been a limit on the total number possible to mine... it's not going to go on forever.
I don't have a horse in that race... but I'm curious to see what happens when all BTC is mined and it's essentially a completely dead currency... How will that all shake out?
I'm forecasting that there will come a point where everyone is going to want to liquidate/get out of BTC ASAP and then the value will race to the bottom while the frenzy ensues...
Then hardcore conspiracy theorists can retire another foil hat...on top of their stacks.
I'm surprised xrp/ripple isn't more popular because it's superior in almost every aspect... although they have questionable ties to the [DS]...then again, who in that arena doesn't?
Exactly this. In before the "alkkshhhualllyyyy" btc "expert" shows up to correct you.
A few people are going to rug pull everyone else that will be left with meat in their hands and stars in their eyes.
Thanks...it drives me nuts how some can be so intelligent on one hand and willfully ignorant on the other. Retards trying to tell ME that shits backed by electricity of all things...Ph you mean the electricity that was completely consumed during mining?...It's backed by precisely ZERO besides your beLIEf that it's worth something... just like the Easter Bunny & Santa Claus...oh and USD
Standing in the rain...with his head hung low...
Like a jukebox hero? 😂🤩🤩🤩
Indeed. 21 million coins to be mined is by definition a limited supply.
What makes the current situation different from say, 2022/2024) is that the coins are being hodle-d. AND: The on chain transaction volume is decreasing.
When coins in circulation amounts to two million, and 10% of it is being scooped up by big corporations and states to support their treasuries (collateral function)
It means that on the big scale, adoption is looking to be the norm. Of course this means that BTC is moving from a simple payment system to something much more: a Collateral asset.
For Space Force, BTC is part of the "Full Spectrum Domination"-doctrine. From this point of view, the moves since January have to be considered.
As for now: those who have BTC are happy to take worthless FIAT for it.
But it also shows, that people can simply create their own currency. It is a total defeat of commercial banking. Because it is there where currency creation happens:" by creating debt", first, a promise to pay". And what do you get? A piece of paper that says: Promise to pay. So, you did not really get anytyhing.
That is changing.
So, commercial banks are in a pickle right now. On the one hand: they loathe BTC. On the other, they wish they'd come up with it. Hence: XRP.
Personally, I think it is better than USDT or USDC, as these need ETH to function. And with every payment, you need to pay the gas fee in ETH. At times, uncomfortably high. So, I see a role for XRP in relation to the dollar, perhaps some banking assets management tool, intrabank lending, that sort of thing.
In terms of speed, XPR beats BTC. In terms of transaction fee: XRP beats BTC. In terms of decentralization, anonymity, control and privacy: XRP is defeated. It is not its core function.
States have a problem with it, because BTC is outside of their purview, outside their jurisdiction, BUT: they love programmability and scalability. Hence: CBDC.
The banks hate CDBC. They like the programmability, but they want to be the ones creating it by debt instruments. They run the risk of being cut out of the action.
So, there is a nice competition going on here. Hence, the reason why all these banks run into Mastercard and Visacard to be the processor of choice between crypto USDT/USDC and the fiat world.
So no, even IF the big corps will dump their crypto all at once .... (the strategic value of a BTC asset-network is to high, so I do think the probability of that happening is rather small), The People can choose otherwise.
This is the choice having been created.
Thanks for the insights.
I'm sure you're just as curious as I am to see how it all shakes out.
Being the eternal skeptic, I'm just wondering how hard the common man will get cornholed, like they always have, since the beginning of time.
A sliver of me is hopeful DJT drives a wedge between us and the black nobility and breaks their monopoly on future banking... but that's absolutely no easy feat given their history and the fact that they created the financial system to begin with... and all the laws and regs on the backbone...🤞🤞🤞
It is becoming aware of the source of credit .... our life force.
The next question becomes how to leverage that.
Perhaps Trump's remark in Idaho shows the direction: Some bankers are nice, some are shylocks ...
what I take from the whole crypto sphere development, is that we do not need commercial banks.
interestingly, in Europe, there is an Island called: Sardinia. In 08 its economy was next to dead. In came CCC, a system developed by an obscure foundation called: STRO, headquartered in Utrecht.
They developed a digital platform in which each company could extend credit themselves to another participant. The monetary unit is called: SARDEX.
https://www.sardexpay.net/
It used to run on cyclos.
Of course, the crypto coin market has vastly outpaced it. But ..... it showcases its power.
We do not need bankers. Bankers need us.