Bitcoin Fixes.... (add to the list) \ stacker news ~bitcoin

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Bitcoin Fixes.... (add to the list)

1524 sats \ 28 comments \ @OT 8 Sep bitcoin

We all know the phrase "bitcoin fixes this". Let's make a list of the things bitcoin fixes. I'll go first:

bitcoin fixes retail electricity prices by using excess energy instead of wasting it. Mining at the grid should bring prices down for consumers, or help to pay for building out more power for more consumers.

What else does bitcoin fix?

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71 sats \ 0 replies \ @Golu 9 Sep

Bitcoin fixes the logistics of money.

115 sats \ 0 replies \ @leonidastouch 9 Sep

Bitcoin fixes the need for 24 hours and seven days a week day trading. No need to wait for it to open or close. It is always open.

132 sats \ 0 replies \ @byzantine 8 Sep

bitcoin fixes yourself

then you fix other things

21 sats \ 3 replies \ @Cowboy 8 Sep

Bitcoin fixes the way of your thinking!

0 sats \ 2 replies \ @OT OP 8 Sep

Lol

How so? Is it making us dumber? Or freeing up time to do other things?

0 sats \ 1 reply \ @pakovm 9 Sep

By making us parrot what we hear Saylor, Song and Saifedean say apparently.

0 sats \ 0 replies \ @OT OP 9 Sep

Fiat this fiat that

142 sats \ 0 replies \ @Coinsreporter 8 Sep

Inflation because there will only ever be 21 million bitcoin, and every four years the amount of bitcoin that is mined is reduced by half.

111 sats \ 0 replies \ @clarity 8 Sep

Bitcoin doesn’t seem to fix much yet, but it WILL fix.. I should get off SN to finish developing my apps..

111 sats \ 0 replies \ @hasherstacker 8 Sep

Bitcoin fixes discrimination.

10 sats \ 0 replies \ @hasherstacker 9 Sep

Bitcoin fixes the people

10 sats \ 0 replies \ @zapsammy 9 Sep

Bitcoin fixes itself. Just like it runs itself, attacks itself, and heals itself.

201 sats \ 1 reply \ @tomlaies 8 Sep

I think this is a good concept generally to make a listical about but you'll run into the concept of vagueness/tangebility pretty soon.

E.g. Bitcoin fixes wage deterioration pretty tangibly and immediately. But on the other hand there are people who say Bitcoin will fix stuff like alcoholism which might maybe be true but if it is the effects will be intangible second order effects

0 sats \ 0 replies \ @OT OP 8 Sep

Yeah, I was going to write something like "feel free to refute each others claims" but I thought that would happen anyway.

101 sats \ 1 reply \ @BTCLNAT 8 Sep

Bitcoin helps unbanked people to have a means of payment with all the characteristics of money at its finest.

It also solves the problem of the control of funds by banks and governments, as well as the limitation of expenditure and profit of the asset and its transportation within and outside borders.

0 sats \ 0 replies \ @pakovm 9 Sep

How do we bank the unbanked without scaling ownership? LN scales TPS, but not ownership of Bitcoin, we can bank the unbanked with other solutions, but changes to Bitcoin need to happen first.

101 sats \ 1 reply \ @flat24 8 Sep

Bitcoin solves the life expectancy of ordinary mortals on foot 👣 those who are able to wake up from the FIAT SYSTEM and change their existence to the Bitcoin Standard, obtain significant improvements in life expectancy or long-term plans in the future

0 sats \ 0 replies \ @pakovm 9 Sep

How? Just how?

101 sats \ 0 replies \ @bitalion 8 Sep

Fix money with a limited supply, no room for inflation. Give access to thousands of unbanked people no matter where they are from, Bitcoin is permissionless You can send payments anywhere in the world, without needing a third party who usually charges a high commission Banks have a fixed schedule and usually do not work on weekends, Bitcoin works 24x7 365 days a year

0 sats \ 0 replies \ @beerussama 9 Sep

This symbolizes what Bitcoin fixed. Without Bitcoin, lightning network would cease to exist. Stackers will "die" of hunger for more of this.

0 sats \ 0 replies \ @Satoshi__Nakamoto 9 Sep

Gald to hear that

0 sats \ 4 replies \ @cascdr 8 Sep

@CHADBot /shill come up with a long list of things that bitcoin advocates could argue it fixes along with rationale. Make the response just a list of bullets in markdown

122 sats \ 2 replies \ @CHADBot 8 Sep bot

Bitcoin fixes inflation problems: Due to its decentralized nature and finite supply of 21 million BTC, it isn't subject to the inflationary pressures of traditional currencies, where central banks can print additional money.
Control over personal finance: Bitcoin provides users with complete control over their financial transactions, making interference from third parties a non-issue.
Secure transactions: Bitcoin's cryptographic functions offer a secure form of peer-to-peer digital cash transactions.
Borderless transactions: Bitcoin enables quick and easy cross-border transactions with minimal fees, thereby smoothing out the operational inefficiencies in the global financial systems.
Unbanked population: It provides financial inclusion for those who do not have access to traditional banking systems, especially in remote and underprivileged regions.
Protects identity: Bitcoin gives the options to transact anonymously thereby reducing the risk of identity theft which is commonplace in traditional payment systems.
Reduces transaction cost: It can lower the remittance cost for foreign workers who need to send money back home.
Blockchain technology: Bitcoin's underlying technology, the blockchain, can be used to build efficient supply chains, transparent voting systems, and other decentralized applications.
Gaining control from the financial institutions: Bitcoin eliminates the need for middlemen like banks and credit card companies, reducing the power and influence of these institutions.

Made with 🧡 by CASCDR

0 sats \ 1 reply \ @OT OP 8 Sep

Looks pretty good.

Bots are going to make us think less aren't they.

0 sats \ 0 replies \ @cascdr 8 Sep

Ideally they'll augment our thinking but lazy people will always find an excuse.

21 sats \ 0 replies \ @CHADBot 8 Sep bot

You have summoned CHADBot. Please zap this post 21 sats to receive service.

Made with 🧡 by CASCDR

0 sats \ 1 reply \ @drlh 8 Sep

My brain trying to grasp elliptic curves, networking, monetary properties of different things in history, game theory, fed role in economy, my own liberties and more. In half I failed for now, majority being related to math =)).

0 sats \ 0 replies \ @OT OP 8 Sep

So it makes us smarter? Or at least attempts to