That bitcoin has already won. I'd guess only 20% of the currency war has been waged so far. Bitcoin's incentives for securing itself, and for hodling, are incredible but there's still a lot of work to do.
Let's for argument sake say that bitcoin has already won. If that were true we wouldn't know it based on the signals. That tells me people that think or say this are out of touch. The battle is just warming up. It may be true that bitcoin is to established to be stopped but I'd rather not take that for granted.
Biggest misconception is that bitcoin hasn't already won, mostly espoused by high time preference people who equivocate "1% chance it takes >100 years with multi decade bear markets" with "existence of possibility that bitcoin has not already won".
I don't even think that is the issue. I think Bitcoin can win on its own, however humanity faces multiple existential threats that Bitcoin will not fix or cannot fix within the amount of time needed. We are actively pushing ourselves to extinction before Bitcoin can have any impact whatsoever.
Yeah you are right about that. There is nothing that says Bitcoin has to be the winner and history consistently chooses inferior technology for the various reasons that it happens. I do think after Spot ETF products come online it becomes exponentially harder for Bitcoin to not win. My biggest concern is even if we have the ability to kick our feet up, we wouldn't be able to relax and enjoy it anyways.
I think for now Bitcoin is in a good spot and at least for me personally I can shift focus a little to those other problems. I think as long as we are able to objectively come back and make our observations about its health we can combat complacency while also not letting the anxiety of Bitcoin potentially slipping through the cracks eat us alive.
Bitcoin isn't something I ultimately want to obsess about. I just need it to continue doing its thing and will be happy to help push it along when it needs it.
Part of the logic of "bitcoin has already won" relates to lindy and technology adoption curves, as well as the software development maxim "worse is better". Bitcoin is unquestionably the simplest, and this hugely weighs in its benefit because it's still here and still slowly moving towards small reconfigurations that close previous holes.
The unraveling of the order is also bullish for it because this unravelling isn't a new thing in history, happens basically like clockwork every 400 years. Last time there was the unraveling was the birth of paper money and banking, out of the tail end of the Crusades and the Magna Carta that went along with it.
As the order unraveled last time, we got the USA, also, and the modern liberal democratic state.
These are just trajectories that tend to be repeated and you don't have look far for the patterns in our own last 20 centuries happening over and over again.
That Bitcoin is enough.
Like it will fix the sistem with it's incentives.
People need to learn how to mentally, legally and lawfully live as a sovereign individual.
Yup, Bitcoin is just a major asset in getting us there.
I think it will fix the current incentive structure behind money today, but the new world that bitcoin ushers in will certainly come with its own host of problems.
Nothing will change if we obey the government or any authority, still pay taxes, use fiat, etc.
We can scream boating accident all we want, are still slaves.
Same goes for privacy, you can hide all you want, but who are you running from?
Many taxes (like sales tax) are ridiculous. Although, paying for land that receives police protection, road maintenance etc makes sense. Think we should distinguish types of tax too. The government is not what it should be, but it can fulfill a good role if done better.
Wrong, fool! It is mathematical perfect, and this is known by the laws of physics. Difficulty adjusted proof-of-work is the absolute zenith of efficiency. You are operating in metaphor fantasy land where magic things better than the supremum exist, but join the real world instead of trying to be a midwit intellectual with your "moderate" position.
I'll admit it was unnecessary and counterproductive to phrase things aggressively/arrogantly in my original response. ...I suppose the fiat world simply has me on edge more often than not, and it is a habit that I find I do need to work to keep in check around customers, colleagues, and employees.
Bro you really need to get a girlfriend, or boyfriend or whatever suits you and makes you happy. Bashing on people doesn't move anything or anyone forward, specially you.
Nope, it is unknowable what a "perfect" schedule would mean.
What is clear however is that every form of issuance sucks. The only good distribution you get is the one that arises out of capitalism, which requires repeated iterations, quite possibly a century or more may be needed until there is a rather sound distribution as I wrote about here: https://heaviside.substack.com/p/210-years-of-darkness-on-bitcoin
That it fixes everything.
Human interactions have been corrupted and influenced - usually via means of force - since the earliest hominids. Sound money doesn’t remove the problem; it just evens the playing field.
Misconception by non-Bitcoiners: it's anonymous so only criminals use it.
Misconception by Bitcoiners: it should only be used for peer-to-peer payments, forever, no exceptions, no discussion, 'cause Satoshi said so. (He did write that in 2008, but we can build and do more.)
I think there are a lot of misconceptions about cryptography.
Beginning with people who think "cryptography" was some kind of shitcoin, people who don't get the difference between preimage resistance, second preimage resistance and collision resistance, people who misunderstand or feel "threatened" when scientists talk about research in DH/CDH/DDH/prime factoization/merkle-damgard etc.
something that’s commonly believed about Bitcoin among bitcoiners
I'm seeing a lot of support for Bitcoin ETFs in the community, but I see no material difference between an ETF and holding funds on an exchange (which is correctly recognised as a big no-no).
https://www.nobsbitcoin.com/huobi-data-breach-leaked-kyc-data/