It’s probably under 5%.
I’m not sure what is more puzzling, that you think Bitcoin will replace ALL the other money or that the governments have actually any influence over if it does or not.
Nah it’s pretty based, since they are both protocols created to make stuff more resilient and decentralized, one is for transporting data and one value. And we can probably learn quite a lot by looking at how TCP/IP was adopted.
At ~6% inflation you almost retain value. Not bad.
Yes and no.
BTC is just one of the many crypto’s. Nothing stopping an international organisation to create and maintain a reserve digital currency with servers “mining” (or maintaining it) in each of the nations who agree on it. I really don’t see governments agree on using BTC. Ptin did it to meme the west, which says a lot on BTC’s chances to become one. But it"'s like linux, no one will stop anyone from downloading it and running it on a PC instead of windows.
Or not ? Again, you can’t prove they are going to get stolen.
Your argument is plain cycle “you NEED to secure gold because you NEED to”
Anything I have can be stolen more easily than the jewels. Especially my office computer with my bank information. Know what ? I can call them and they lock it.
So complex that you will lose that access the moment you make a mistake, like forgetting to write you private key in a cloud …
So no, it’s not “more secure”. It’s “more complex”, which is definitely not the same thing.
Stop being an idiot who does not understand words.
Nothing. Prove that I pretended it had anything to do with being a ponzi ?
You can’t, because you can’t stop being an idiot.
Indeed. You are ridiculous, not even able to read.
Yes, but such a currency would be under the control of that organization and it would not have the same characteristics Bitcoin has in that regard. Same for all the other cryptocurrencies who are basically tech stocks under the control of a company, created to circumvent securities laws.
In the end money is based on trust and in my opinion it’s almost impossible to make anything that can be more trusted than Bitcoin. It’s just a matter of people understanding why and the missing track record to make that obvious to the rest. Will come with time, there is no shortcut to this things.
I’m pretty sure the same could have been said about the internet and the control of data flows. Like with the internet there will be totalitarian governments who try to suppress Bitcoin’s use and those who let their people use it and build a more resilient financial system on top of it.
Putin is only doing it because he wants to sell his oil, no one wants his currency and the west banned him from the dollar system. Bitcoin is just the neutral option.
And Linux has basically taken over all the computer systems except for the ones on the desktop that people are seeing. Not because it’s the best, but because everyone can take it and build on it and add value for everyone else using it. It has a very strong network effect, and I just see the same thing happening with Bitcoin.
I think we already had that. If your money is gone it’s hard to recover, even in the fiat world. Example: https://www.youtube.com/watch?v=PBXpjY_uLtw
Writing it in a cloud storage or anything digital at all would probably be the worst thing you can do.
A Bitcoin wallet backup is 24 words you write down and they never touch an online device. As I said, you can have multiple to secure a coin and store them in different location so that if one gets compromised they can’t access your Bitcoin. You can set it up that it needs N out of M keys, so you can even lose M - N and still have access.
It definitely isn’t as complex as it sounds and it gets easier to use all the time.
Or you could start to write sentences that make actually sense and not just produce word salat
For someone who constantly cries about personal attacks when someone points out your illiteracy with the topic you try so hard to discuss, you certainly make a lot of actual personal attacks.
You are mistakenly mixing up Android a proprietary system BASED UPON Linux. But I get that you are saying CBDC’s (Android) will take over where Bitcoin (Linux) showed the example. So yes, BTC will only be used by a small amount of enthousiasts who are being exploited by scammers who do most -if not all- of the actual crypto promotion.
You could compare BTC (17% market dominance) with Apple iOS compared to other -in your words- ‘shitcoins’ (83% market dominance) with Windows…
Don’t go the way of Aaron with your comparisons. 
A great intermezzo for those who didn’t read the previous 2263 posts ;
I agree with the part where he says that scammers are usually genuinely believing in their scam.
We can see here with the two fanatics.
Android is open source, the Linux kernel it uses is open source. This is why you can build ROMs on your own. The proprietary bits are Google specific additions that are entirely optional. I run for example a completely Google free Android phone.
But again, you don’t look farther than the devices you personally use. Most of the servers that run internet sevices are running on Linux. The top 500 supercomputers have been taken over by Linux 100% since 2017 (Development over Time | TOP500). Small devices like internet routers, TV, fridge, washing maschine. Display systems in the bus, for adds in the public, payment terminals in shops, …
I could go on forever… It has taken over virtually everything and you did not even realize.
No, it will replace all the proprietary inefficient payment rails behind the scenes. You will probably not even notice, except that the proprietary apps you use and now utilize it can suddenly send money instantly to each other or can pay directly in the shop without a “virtual credit card”.
Again, they are only relevant in the Desktop space. They are niche systems when seen overall, and they will sooner or latter also kick the bucket. Even Microsoft has already their own Linux distributions they use for components of their Azure Cloud. You can even run a Linux subsystem on Windows that runs the actual Linux kernel, because they fear they will lose all the developer desktops in companies if they don’t adapt.
Comparisons only go so far. All I’m saying is that today the internet has become the default data transport layer we use, Linux has become the default hardware abstraction layer we use and Bitcoin may become the default value transport layer.
The reason why I think this is the case is because there are the same network effects happening right now, and if that reaches a certain size it becomes basically unstoppable. From that point on you either join the winning team or you are left behind.
There isn’t even a second best around to prevent that from happening. CBDCs are just local and as of now just fascistic wet dreams. Other cryptos are centralized and are still trying to fiddle with on-chain parameters to scale. And none of them has even close to the neutrality Bitcoin has and that is required for this to work.
So I’m pretty confident in my educated guess. I can obviously not predict the future and still be wrong, but my predictions have nothing to do with the fact I have Bitcoin (also I’m not in the red). The moment someone gives me a reasonable argument why my reasoning about this topic is full of shite, I will be out. But if those reasons exist I’m pretty sure I will discover them on my own and not hear them from people like you or other people who yell something from the sidelines I have heard a million times already and is just polemic noise that is not based on any understanding of the topic at hand.
SBF dont know what to say. SADFACE.PNG
Forgiv him.
LOL
Indeed.
With a yet-even-more-inefficient one ?
Without a way to get your money back if you’re stolen one of the several access you made ?
Hu, no ?
Indeed, they have a WSL page in their help center.
The issue is, are you even able to understand a reasonable argument when you hear one ?
Your proved already you ain’t. When your sole answer is that people are bad, which is a personal attack, then you already are saying you are not able/willing to take seriously arguments.
As long as you consider it’s okay to answer to constructed criticism “but you” for the sole reason that you don’t like that criticism, you are not willing to understand reasonable arguments.
And your “I’m willing to” is a plain lie. You don’t want.
I’m a fanatic for using BTC in genuine transactions? The retailer requested BTC so I am paying in BTC. Why is this a scam? And explain why the retailer, myself and the crypto exchange are able to complete this transaction without anyone getting arrested or taken to court.
Quote me where I affirmed such a thing.
Quote me on that.
Again, you are making strawmen. It’s easy to pretend people wrote things they did not, in order to pretend they did something wrong. Does not mean that what they wrote was wrong.
More awkward and silly text, why do you bother? It’s silly what you’re doing you make outrageous claims and then make yourself impossible to question.
Right, so you’re unable to explain the following which you yourself typed? If you can’t explain yourself you really shouldn’t bother typing as this is not how grown adults talk,
You have no clue what you’re talking about, and you have absolutely no balanced response to my retail use of BTC, the reason you ignore the way I use BTC is because it doesn’t fit in with your “it’s a scam” narrative, so you’ll never have anything to say about my point ever.
When I use BTC in a transaction, The exchange is happy to sell to me, the retailer is happy to receive BTC and dispatch product, and I am happy to receive my product, the retailer is happy again to get fiat money for the BTC from an exchange.
Please feel free to let me know who is being scammed in this scenario, I can’t see it.
I’m sure he can…if an argument is actually made and more specifics are provided than “it’s a scam”
I just have to assume you once again don’t know what you are talking about.
I’m not talking about user facing systems, I’m talking about using Bitcoin and Lightning as backend systems to exchange value globally. The user facing systems will come later, and they will have means to recover funds and, if there is a demand, insure against fraud.
The fundamental value transfer layer doesn’t need to be able to reverse payments, it must send value from A to B. Additional services can be built on top of that, the same way Lightning enhances Bitcoin with instant finality and low fees.
Yes, utilizing the Lightning network, global payment with Bitcoin are instant and basically free. This system is built in layers like every protocol, and new layers add new functionality.
A blockchain is a very inefficient database, it is completely useless except for finding global consensus in a decentralized way about the allocation of money. It is enough to create a store of value, it is not enough to create a payment system. This is why the Bitcoin blockchain has an extremely limited block size. It allows for maximum decentralization, the only thing a blockchain is actually good at, because hardware requirements are kept low (virtually everyone can run a full node).
Once this asset exists, we can utilize it in a second layer network called Lightning and use the simple fact that a Bitcoin can be owned by multiple people (multisig) to create payment channels and a routing network. This way it is possible to send Bitcoin instantly and at virtually no cost across the globe.
And everyone can just take this technology and integrate it in whatever software they want, without having to trust any third party or acquiring a license or creating an account. There isn’t even remotely something comparable in traditional finance, because they require all this to simply work. And all the other cryptos are still screwing around with their blockchains.
Yes, but again you show complete ignorance of the topic at hand. How do you think you are even able to create such an argument if you don’t even know what you are talking about?
Or maybe you should just learn to read.
I asked where I affirmed such a thing. You are not able to provide an answered with another accusation, yet another case of you affirming things without any reality.
I was about to explain but this kind of nonsense makes me believe it would be a complete waste of time.
You are the only claiming I made that claim. You are the one having to provide your quotes or reasoning that leads to that claim, not the opposite.
If you were actually asking for explanation, I would give them. But here you are looking for stupidity to add, so no point.
No. YOU have no clue what I’m talking about.
YOU are not here to discuss but to promote your scam. Just like the 3 guys in the video.
Why are you asking something that I already answered to you before and you were not able too understand ? Like suddenly you become able to grasp an idea that you were rejecting because of your dogma before ? I don’t think so. You are a lost cause, there is no point losing time explaining such a trivial thing to you.
Thank you, finally a point were we can agree on.
Now under which condition is it able to address the 50% attack ? (it’s 51% when you have 100 people. it’s 50.1% for 1000, 50.01% for 10000 etc… so for infinite people it is 50%)
You’ve not said anything that can change my opinion. It not urgent that I understand you, I’m just saying this as a suggestion so you can be better understood, ignore me if you wish.
That’s right, ypu’re not explaining yourself and your view of what BTC is, is wrong.
Again, feel free to tell me how using BTC for retail transactions is a scam. if you can’t then there is a flaw in your narrative.
Because you’re not making any sense and you lack understanding of BTC. And you don’t seem to want to understand how it actually works, so again what’s the point of you typing?