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0 sats \ 1 reply \ @028559d218 26 May \ parent \ on: Darknet Market Maximalism bitcoin
What Saylor and company do to seduce the moonboy is to play up their fantasy, which is a hypothetical world dependent on the scarce asset of Bitcoin, with claims that the moonboy will be seated in the citadel, shielded from the unworthy nocoiners who must grovel at their feet for some spare sats to be thrown in their direction.
What's really sad... is the good, well-intentioned people who HODLed monero for the last 8 years, and since 2017 Monero is the same price.
With less purchasing power due to inflation over the last 8 years. THAT is the sad story that makes XMR people upset. That Monero has nowhere near the adoption and liquidity of Bitcoin... obviously makes some XMR people upset/jealous/confused... hence the "no-adoption" non-sequitur that someone we can't and shouldn't expect "wide adoption" because it "doesn't work that way."
OK sure.
This leads us to what is perhaps the biggest lie peddled by cryptocurrency influencers—global adoption.
So basically... "my crypto" is so great... but it will never have global adoption? What?
For many, this leap of faith is taken for granted. It’s inevitable, surely, that fiat currency will fail, that dollars will become useless, that all trust will be lost, and wheelbarrows of cash will be needed to buy loaves of bread.
I mean... all this stuff is already happening right? Have you seen the bond market this year???
It surely must happen that, one day, people will unanimously embrace cryptocurrency as their source of savings and income.
Stranger things have happened.
That the parasitic elites who have controlled our economies for hundreds of years will concede their political clout for the greater good. That the entire might of all nation-states will crumble under the power of Bitcoin, and they will bend the knee and declare that Satoshi is King, and that we will all hold hands and sing Kumbaya in a new era of peace.
I mean NOT LIKE THAT no... of course not. But I mean stranger things have happened.
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0 sats \ 0 replies \ @028559d218 26 May
As we have already seen, every aspect of peer-to-peer digital cash that makes it an assault on the strength of the nation-state has been attacked, neutered, and infiltrated. Fiat currency is not going to go away quietly, and the general public goes along and will continue to go along with what the government tells them to do because it is safe, and people like to feel safe.
???
The moonboy mob goes along with the circus because the number continues to go upwards, and all the while the media implies that the usecase of a medium of exchange is a relic of the clumsy cypherpunk origins. Any hint of the counter culture that is an affront to banking is downplayed and smeared as crimes against anti-money-laundering legislation. In a word, their idealized future of peer-to-peer cash is an alternate form of Venmo—censorable, controllable, compliant.
So when Bitcoin's use is "not compliant" then it's "on its way out"... but when XMR's use is non-compliant... it's getting stronger???
I would continue writing but... I am running out of space and Cowboy Credits. And i think you understand the points I have made and I could go on...
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