DARK TO LIGHT: is the parallel monetary system coming into view? This has biblical implications...
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How does it not fill those claims?
Unless you mean perhaps Layer 2, which I agree is crap (with Bitcoin Layer 1 not being sufficiently scalable to support needed transaction quantity - I.e. “Bitcoin” is not the answer), and I also agree it is not presently a constitutional money or tender for debts.
scarce - new memecoins daily, all now being purchased secondhand with fiat. worthless.
strict supply - see scarce
limits manipulation - do you believe whales aren't buying and selling to move crypto markets or does that only happen in the stock market? rhetorical : it happens in crypto and those watching the markets the last couple months know this.
preserves purchasing power - see scarce
now, had coins been solely available through mining and mining alone, i jump on the train quick however reality sets in. knowing that most modern transactions are using worthless fiat (literal debt) to purchase an overinflated virtual "asset" that is the product of a mathematical equation is, to me, moronic. more fiat purchases = more "value" given to that "asset" because the general population is too retarded to understand the "money" they are using in the first place is literally worth less than monopoly money. (zero > in the red). it is literally buying thin air with debt and everyone says "yeah! we are rich!". make it make sense.
here's a question for you. everyone adopts crypto. oh no! hurricanes, tornadoes, and california mismanaged power systems oh my! during a power outage, which is worth more? $20 million in dogecoin or $5 of gold?
people IN power can control POWER.
if i cannot physically touch it whenever i want, i do not want it, especially if its value was propped up by millions of transactions using taxpayer IOU fed bucks, regardless of how much trump or anyone else tells me how great it is.
we need a monetary system based on a physical accountability system much like the old gold standard.
we can agree to disagree on crypto, fren.
Wasn’t entirely disagreeing, I get your points, but yeah do disagree on several of them, save the points on power outages and physical linkages.
TBD where things should end up, I don’t claim to know I’m right on the big picture, as it’s too complex.
Imo the best compromise seems to be to end up in a system with both physical and crypto, where crypto serves more of an accounting/distance transfer/account reconciliation function, to limit costs on unnecessary physical transfer of physical assets + have a better idea of how much there actually is, and possibly some lesser ledger to serve as a sort of debit card against validated assets.
the blockchain on paper, is amazing.
so is socialism.
Kek.