0 sats \ 14 replies \ @rebel_nomad 3h \ on: Maximalist's Opinion: 'Crypto' needs to go away and disappear for good. bitcoin
I do totally believe and want Bitcoin will take over, but will only one single project outside of it survive or not?
In other words, how high will Bitcoin dominance go?
Anyone who declares themselves as a radical maximalist should declare that number in my opinion, with an approximate timeline.
I have a target of ~70% myself for this cycle, late in 2025 I'll spend some weeks figuring out what it will be into and beyond the next halvening.
What is your number?
I think 2025 is too soon... the bear markets are honestly the best for Bitcoin as a protocol because it's the most education and ideology-oriented. Not to mention the best time to DCA.
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I'm not saying I'll rotate fully out of Bitcoin at any point, but I will assess what to do for the coming years late 2025.
That includes things like hopefully buying more gold for any gains I have made, relocating, starting an offshore company and much more, so its very much an individual process.
And also by then I'll have an informed opinion on the next cycle, maybe that could even be very much a maximalist position if privacy on Bitcoin really improves!
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Privacy on Bitcoin is a very interesting conversation.
Nothing wrong with good-old-gold of course. Although many folks think the btc is better (being digital for example).
I wonder if and when the 'gold community' has ever wanted to resurrect the use of gold transactionally... if that's possible. Gold used to be in coins and it's interesting to me if gold-people ever became interested in this again.
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What percentage of both the Bitcoin and gold communities has actually lived the next phase of the shitty Reset thing?
My suspicion is that this number is very low... The reason that I feel remotely secure and sane traveling here in Asia and the failing Europistan is that I normally carry some gold coins that can be converted to cash anywhere, along with some dollar bills, and then of course Bitcoin along with some Monero on my phones...
I'm super aware that what we live under since 2020 happened is a global, technocratic regime that definitely want me to fuck off & die, so I'm hellbent on turning that around right at the fuckers!
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That's really smart. I've heard of the 'travel with a rolex watch' thing before... as it's inconspicuous and valuable everywhere as a nice watch. However the way you put it is smart.
Personally I don't travel, when I do, with anything really valuable especially in Asia or any developing countries.
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Yeah, I have a long time friend who has the skills and mindset to make a profit on basically anything he touches, he's been into old watches for decades.
I'm tempted to getting an old, scratched up Rolex with his advice, but that depends on how this bull market shapes up :-)
Getting used to carrying something that is both valuable and easy to sell is a good idea for what we're all up against long term I think!
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Ok. So your number for global Bitcoin dominance is 100%?
If so, when?
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Outside of stablecoins, which have their use, 'crypto' will be 95% Bitcoin.
When? I don't know if I had to guess maybe 5-10 years.
I think Bitcoin and a few proof of work projects will survive but it will be 95% Bitcoin.
I believe that XMR will survive as a niche DNM coin for transactions maybe... but I don't believe that obscurity is the solution for global money as opposed to coinjoins and peer-to-peer alongside transparency coexisting.
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Yeah, I can totally see that happening!
Its also likely that we'll reach that 95% or so level except for stablecoins that will eventually end up as CBDCs, officially or simply in practical terms.
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I agree. I'm surprised, with all the talk of tether and stablecoins and their size and whatnot... that we don't see some kind of tether usage inside the united states.
I know obviously people have dollars inside the US so what's the use and everything yet... I think it's eerily absent lol.
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I've been living like an ancap since I walked away from everything mid 2020, 3 companies, a work permit and visa, part of a house and most of my belongings.
It was that, or maybe perishing in the bioweapons scamdemic!
YOLOing hard into Bitcoin and gold saved my ass, and since then I've used my fiat accounts as ramps. Now even that is impossible, so when we get into the manic phase I'm looking at selling some for cash, which is then converted to gold.
Stablecoins and Monero are simply a necessity for me, in many way I'm living the same way a lot of people do outside of the West, I have to be practical about things all the way!
Which is why having some Monero for VPNs and whatnot along with some stablecoins for flights and such makes sense.
And unless I'm a total outlier I do believe that the reality I live also is the reality which will shape adoption, at least for the part of the economy that will remain somewhat free...
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Good luck to you
+1
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Thanks, and the same!
More often than what most believe luck is actually something we can create :-)