Im not sure if you realize but 2140 is over a century from 2023

The prompt says 2140. When the store of value aspect of real estate is assumed by bitcoin, there is no force which can circumvent that. The government can insist, but if no one wants to buy the property, it doesnt matter what price the government tries to maintain it at. People buy houses for the reasons I described, without that impetus, we inevitably encounter a far different dynamic in society. Sure youll still see plenty of houses being bought, but no longer for the same reasons or in the same areas, because the investment angle of property will be far less. In the interim period, well go through several phases. initially property is the clear way to pause your resources by buying a finite asset. then bitcoin is invented and rises faster than property values (thats the phase were in now), then property appreciation slows while investors allocate some to bitcoin (thats still to come), then property values become to completely flatline, as people completely divest from real estate in their portfolio as an investment as its existence is becoming similar to that of other commodities and the value fluctuates year to year, some years the demand for livable property will exceed supply, other years it wont, and because of that the value will go up and down, similar to grains like quinoa. People will still own houses, of course, but it will be more like owning a car, everyone will have one, and there will still be sentimentality, but there'll no longer be the false sense of scarcity caused by it being so sought after as a way to store ones resources over time.

At this point, the intentionally stymieing of development begins to break down, as people in the industry begin to see the writing on the walls and cut their losses. Think lab diamonds vs natural diamonds. They flood the market, as they see now they can no longer charge the same amount, and may as well try to use their established position and scale to try to undercut their competitors and starve them.

real estate as a store of value. instead value would shift with fads. No place will "go up forever" just like no song is always popular, and like how things go in and out of fashion. Maybe one decade people like the coast. Another decade people like the forest. Another decade people like desert, another people like skiing and snow climates. One decade urbanity is in fashion. Another decade solitude or suburbia. Then we can have a rural/farming decade. Who knows. But theres no real reason why a place would become valuable and stay that way forever and never lose an inch, other than by intentionally constricting the supply of housing because you want it to be a store of value, which is what currently happens. But people do that because they have the impetus to do that, because they are annoyed by inflation and struggle to find ways to avoid it, and housing presents itself as a relatively safe bet to them.

Ive made a lot of mistakes but some were very far back. Like I lost some in mt gox. What sticks with me more though is a while before that, the person who first introduced me to bitcoin, when I asked if I should buy some he said he thought it was too high and to wait for it to dip back down. It never did dip back down to a level he felt was acceptable though of course.

But I got in eventually. Much higher though of course than if I just bought when I initially heard of it. Anyway. I stowed some away and I continue to, probably always will continue to. Time passed.. things changed, I dont think about that at all to be honest, I have new problems and new situations.

Right now what weighs heaviest on my mind is just mild regret that I even told some people I had any bitcoin at all. Only because some of my relationships have soured, and I dont want jealousy to get the best of people. I dont have much, but you have to remember average people barely have anything at all. And generally lack the constitution to buckle down and strategically operate toward a better future for themself particularly in the ways that we are. People refuse to save out of spite, cause they feel defeated. Or they spend their money to try to soothe their soul of the stress of their life. Whatever it is, they often feel disdain and resentment when they see someone with more than them, they dont see the person who has gritted their teeth and went without and taken a risk when no one believed in them so they could try to achieve something bigger. They just see you as selfish or underserving or something.

I want to learn but dont know where to start with lightning. I am very experienced using bitcoin traditionally, and have done plenty of transactions using electrum, but never used lightning.

My thought was is there any country where they could live off this as a wage, and could we theoretically get some of them in here and put them to work doing something and have a mutually beneficial relationship. My thought stopped there cause I dont really know what the wages are in other countries, and it also sounds like it would probably start out pretty spammy. Also I cant imagine what the work would be. But over time we might get something decent out of it once they start to realize what gets tips and what doesnt.

We shouldn't use the term satoshi or sat to describe the smallest unit of bitcoin. Hear me out.

The dollars smallest unit is called a penny. And then we have nickels and dimes and quarters. Pesos smallest unit is called centavos.

My point is it is unusual to name the smallest unit of a currency after a person. Or any denomination of currency

Now the problem really is that the name of a person actually I think diminishes bitcoins grandeur: Calling it a satoshi somehow, as an introduction, to an outsider, makes them think bitcoin is this Japanese focused idea. When in reality its global and no one knows where its from. And sure me and you know satoshi Nakamoto could easily be a pseudonym, but the average person is learning all this for the first time and coming to their own conclusions based on what theyre hearing and seeing. Normally, im here, in a bitcoin focused area, and everyone understand me, and I have no issue calling it a satoshi. But these thoughts occur to me when im talking to my 70 year old mother and father about bitcoin, or a random stranger who's not that great with tech, and I hesitate to explain that theyre called satoshi it just seems also to unnecessarily complicate it. I think things should be named more intentionally, like quarter or dime, because those names describe the actual thing itself.

I think the smallest unit should be referred to as "bits"

Tried trading various things a bit on and off. And after losing a like 3% of my stack, I found that I just like didnt have the stomach for it. Part of me wanted to keep going but part of me didnt care. I already had a good amount of resources. Then I thought I settled down when I was holding mostly bitcoin and a bit of litecoin for a bit and then we went through one of those cataclysmic moments where everything goes down. And I had a formative realization moment like "why the fuck did I not just hold bitcoin. Why am I holding this bs made up coin all this shit could disappear tomorrow"

Cause see thats the thing about the alt coiners logic. They always tell you "it will go up more cause right now its so unknown" but no one thinks about the other side of that, that its so unknown that you can easily see how it can just fade out and descend back in to nothingness. Then I sold my litecoin and decided to only hold bitcoin. This was like 6 years ago I think.

Bitcoin had a good chance of staying. But any one of the zillion alt coins isnt guaranteed. But also what if someone makes yourcoin 2.0? Theres just too many ways for it to go wrong. Selling my litecoin honestly was a big moment for me that im really proud of, because looking back it was the right decision. I dont even know if litecoin went up by more or less but I still think its really just like dust in the wind.

See my problem is this. I have used bitcoin before. And I know it actually GETS used daily 24/7 365. Ive never used litecoin (other than to self custody it or test my own ability to send it). And sure I could, but it seems like everyone who uses litecoin does it more performatively. As in the bulk of bitcoin transactions were being done by users who were choosing to use bitcoin because it actually was making practical sense. The litecoin users seemed to predominantly just be hobbyists and enthusiasts/eccentrics. The blanket term I use to describe this group is "fans". And I noticed this pattern pervade almost every alt coin, where the majority of participants seemed to be essentially spectators and fans rather than "real users". And many of the alt coiners shared this commonality of not self custodying their own coins, and having never actually sent a transaction of their chosen alt coin. Of course, despite this they had no shame in going on and on about random technical attributes of their coin of choice, even though evidently having no understanding of how it worked and lacked the ability to verify any such notions as they had never even used the token.

There is a lot more speculation in real estate and stocks than there would otherwise be because a lot of people simply want to "pause" their money, but thats not an option because of inflation.

So they hold more stocks and real estate than they actually want to cause its the next best thing. In theory, thats where bitcoin comes in, and they no longer have to compromise. Now they actually CAN pause their money, using bitcoin.

Real estate does naturally appreciate, and it makes sense that it does, but without inflation it appreciates significantly more gradually.

I believe this is a form of protest some subreddits are doing against Reddits announcement that they plan to charge for use of their API or something. And this effects some apps people use for viewing reddit like Apollo, which is a free app that seems to not charge any money or run any ads (and as far as I know makes no money).

It should be noted Apollo also happens to filter out Reddit's own ads, which I assume influenced Reddits decisions here. Not sure though thats mostly speculation on my part. And to be honest im not really sure what side im on either, I dont use Apollo or any third party app to interact with reddit, so im not really effected. I think a nice compromise might be Apollo just putting up Reddits ads, but I dont think reddit has indicated that that would be enough anyway.

Also, currently, when you search bitcoin on reddit, the /r/bitcoin subreddit doesnt show up. But the /r/btc subreddit (which is the bitcoin cash subreddit) does show up. To me this seems less than ideal.

And this seemed to start yesterday I think. I think on Sunday I could access the subreddit. On Monday it was closed and they said it will be open again on the 14th, which should be tomorrow, Wednesday.

As a child I remember being scammed in a video game for my rare item. I was naive, they tricked me, etc lol.

I think it's cause the bitcoin subreddit is closed

Conventional currency does have inflation caused by printing money.

Gold has less inflation than conventional currency because it's not created as fast. If we included fools gold in with actual gold, then gold would be inflating much faster. But we dont include fools gold in with actual gold, cause we're smart and we aren't easily fooled.

Bitcoin has less inflation than conventional currency because its' not created as fast. If we included crypto currency in with actual bitcoin, then bitcoin would be inflating much faster. But we dont include cryptocurrency in with actual bitcoin, cause we're smart and we aren't easily fooled.

Well a lot of systems dont work without trust. As in, they wont let you see the codebase even if you wanted. With bitcoin, you at least theoretically could check. But I agree you make a good point, theres definitely some trust involved.

Gold worked, but not everyone tried to accumulate gold. But also gold does seem to be faltering lately to be fair

Intentionally saying the phrase "hodl" alienates a lot of potential bitcoiners and makes it so a lot of people cant take us seriously. Somehow it also makes us seem cultish, like a weird chant we have. Also, saying hodl stands for 'hold on for dear life' is also weird, because originally that wasn't what it was, it was simply a misspelling of the word hold. Its not the end of the world, I know, but this is my unpopular opinion.

I think he actually was bitcoin focused for a long time but one day he definitely changed.

Whats really fascinating and troubling to me is Nick used to be staunchly bitcoin only, and he was one of the most well spoken normal seeming bitcoin people that we had. He was very relatable, very articulate, and was just a good proponent. So good, and so consistent, for such a prolonged period, that he kind of became the guy id tell people to look up if they asked me to recommend them bitcoin content.

Thens suddenly about 2 months after I started doing that, Nick Carter went from being staunchly bitcoin only, to suddenly being profoundly alt coin focused and resentful of bitcoin. It was a stark change, sort of inexplicable. He went from being very bitcoin focused, to saying bitcoin focus was childish and dumb basically or something to that effect. It was really quite remarkable.

Something frustrating about this poll is at a glance it looks like "I call myself a bitcoin maxi" is winning- but if you had only made two options, one which says "I call myself a bitcoin maxi" and another which says "I dont use the term" the "I dont use the term" one would've gotten more votes.

You actually need to add up the bottom 3 to see the full number of people who arent using the the term bitcoin maxi, and it ends up being over 50%, while the people calling themself bitcoin maxi are below 50%.