U.S. dollar lost 99.5% of its value against Bitcoin in the last 10 years \ stacker news ~bitcoin

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U.S. dollar lost 99.5% of its value against Bitcoin in the last 10 years finbold.com/u-s-dollar-lost-99-5-of-its-value-against-bitcoin-in-the-last-10-years/

645 sats \ 10 comments \ @JReeCoin 2 Oct 2023 bitcoin

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0 sats \ 0 replies \ @shyfire 2 Oct 2023

I don't like this framing since many bitcoiners only entered the space 3 years ago and percieve this as "I'm too late"

0 sats \ 7 replies \ @TomK 2 Oct 2023

.... for the mathematically challanged: it will lose another 99.5% with high probability. S.o. could explain this 'miracle' to my fellow germans please. I threw the towel.

100 sats \ 1 reply \ @dieselbaby 2 Oct 2023

Yup, should happen in 7 years or so...at the rate we're seeing things fall apart, could be less.

However I do have some significant reservations and concerns about what happens once the US dollar inevitably collapses. Not only are a lot of people going to be hurt by this happening (many will be outright destroyed -- and we're talking about people who are just your average everyday folks, not some bankers or corrupt hedge fund billionaires preying upon society) which I know many will say in response "get them onto bitcoin, orangepill them, etc." which I have been doing for YEARS, but, I genuinely have some very real doubts about the potential for the Bitcoin network in it's current state to actually manage to replace a significant or even modest proportion of what we presently utilize for much of our current financial system.

It's simply not going to cut it, on a fundamental level, and unfortunately the response I am most often met with from people within the Bitcoin space whenever I speak about these kinds of things is their dismissive attitude, hand-waving it away thinking that what I'm saying is either unimportant, coming from a place of being uninformed or misinformed (or being a hater, lol), or claiming that "it'll get figured out" (by someone, at some unknown point in the future, apparently...maybe).

Anyway, I'm getting WAY off-topic here, and this kind of ranting is best saved for another thread that I've been meaning to start, with better writing and proper grammar. Think I might get around to that now. Toodles!

0 sats \ 0 replies \ @TomK 2 Oct 2023

Don't worry. We have maybe decades to transfer to BTC. People are defending their overloards and the fiat system like their lives depending on being robbed blind. In every wave of crisis we recrute some millions nrw btc-ers. That's working quite well

15 sats \ 2 replies \ @llamabyte 2 Oct 2023

What do you mean, Germany has a huge and well organized meetup scene .

0 sats \ 1 reply \ @TomK 2 Oct 2023

Yes, I saw it on BTCMap. But: I litterall orange-pilled my two best friends (and family in Spain). These are the only people I know that ever touched it. Do You know about the number of people attanding meetups to get any idea?