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0 sats \ 0 replies \ @SleeStakinSats 3 Apr 2023 \ on: We don’t need Hyperbitcoinization bitcoin
Wow, so many things I want to touch on.
First about the decentralization. You said you wanted the future where everybody has a lightning node. Keep in mind lightning labs is a private entity, and we need to move beyond lightning in order for Bitcoin to truly thrive.
Secondly you say, imagine the world or corporations and individuals I like are running nodes.
Truly, a utopia will not have corporations. Advancing the world cannot happen, unless private property is abolished, that's not to say bitcoin, which is personal property but if we're still living in a world where individuals or single entities have ownership over massive amounts of wealth and resources, then we're never actually going to get to any type of "utopia."
Third you never actually defined utopia.
To imagine a worst case scenario with either a fascist leader, or communist world.
I'm willing to bet euros to croissants, dollars to donuts that you don't understand what communism is.
If you did, you would understand that true Marxist, see a world without currency that through advancements in Socialism meeting advancing society through several stages of large transformations, including political, social, and technological advancements we could make the world rely less on payment. In which case that world bitcoin could still thrive especially because one of the biggest reasons capitalist, refute Marxist theory is because it's hard to tell how much something is value based on how valuable is two individuals. A.k.a. something like the diamond water theory like how water is worth way less than diamonds but yeah, it's necessary for you to live in diamonds aren't. And finally.
Bitcoin is moving from the underground pretty quickly into the main stream. With a few nations adopting it as currency with major, multinational, corporations, experimenting with it as payment it's one of those things where it's moving gradually, and then suddenly. Said, you never really made any actual points like what's the point of this whole post?
For me, e-commerce is one of the biggest things. Being able to pay for things that exist around the globe instantly or near instantly is something I would like to see bitcoin solve. Although I would say the biggest problem is being able to pass that money around A lot of the biggest retailers are paying their bills with fiat. If that didn't need to be the case, then smart contracts, running on bitcoin good be the way people pay for things to cover everything to be exact. For example, You're not just buying clothes you're paying the people who manufactured, you're paying the warehouse that stored it in a distribution center near you and you're paying for shipping.
Wow. That part where it says that they have a weekly withdrawal limit of $677. I'm just thinking it's only a matter of time before that's here. Imagine everyone has a limit to $1200 a week. Just saying for Americans the average person doesn't make that much in a week. More than 67% of people are living paycheck to paycheck.
Monitoring peoples bank accounts is something that I've already tried to float by imagine they had CBDC. They can pretty much cement the idea that there will be no revolution against them.
GENESIS