969 sats \ 9 replies \ @k00b 16 Feb \ on: When will Bitcoin become as boring as gold? bitcoin
It'll never be as boring as gold (we stopped using gold because it is a literal rock) but it'll eventually be taken for granted if it undergirds the global financial system which I would place in the 2040s at the earliest.
write
preview
219 sats \ 0 replies \ @justanumber 16 Feb
Yeah my mids 20's kid might care if/when he realises his GenXer parents and little bro weren't talking shit after all 😂
reply
456 sats \ 4 replies \ @kepford 16 Feb
Agreed. I think comparing to fiat like the dollar is more of a apt comparison. For most people the dollar is very boring. I just don't know if it was every not boring though.
reply
43 sats \ 3 replies \ @k00b 16 Feb
It was probably pretty exciting when the telegraph was invented because it allowed us to "transfer" value globally.
reply
917 sats \ 1 reply \ @clr 16 Feb
A bit off-topic, but the fiat networks don't/can't transfer value. They transfer credit.
The Bitcoin protocol/network, on the other hand, does actually "transfer" value.
reply
10 sats \ 0 replies \ @kepford 16 Feb
By that you mean they are IOUs. Not bearer instruments.
reply
917 sats \ 0 replies \ @kepford 16 Feb
Yep, forgot about that. Removed a ton of barriers. I think people forget this when they talk about the boom at the turn of the century. People like me :)
reply
1 sat \ 0 replies \ @Fabs 16 Feb
💯🔥
reply
0 sats \ 1 reply \ @02bcd3eeb0 16 Feb
I think you're having trouble with either the definition of "literally" or the definition of "rock".
Gold is literally a metal.
Gold is figuratively a rock.
reply
10 sats \ 0 replies \ @k00b 16 Feb
I'm actually just stupid.
reply