Bitcoin prevents the arbitrary creation of new currency by a single powerful entity. I don’t know who told you that creating tons of usd can’t affect inflation, but you literally will find no economist claiming this. This isn’t in the slightest a disputed claim. It seems like you’ve come into economics through some sort of anti-crypto mindset, and now you just assume that anything you heard from a “cryptobro” must be the opposite of the truth. Just take a sec to think about how people who are always wrong have created the 9th most valuable asset in the history of the world. Maybe your armchair hunches may need an adjustment.

The currency doesn’t affect inflation? If every day the number of usd doubles, would that increase inflation, decrease it, or keep the value the same? That is extreme, but it should really clear things up for you.

You are right that if there are less oranges and the same demand, then oranges will go up in price. Now apply that same logic to the currency itself. If there is more of a currency and not more demand for it, should the value of that currency go up or down?

This really isn’t complicated economics, I guarantee that if you crack open any intro to economics textbook, you will have your current understanding completely annihilated.

It’s going fantastic for El Salvador, I don’t know why you would think differently. It is hilarious hearing someone say you can’t use btc in the real world. I use it for Uber, airbnb, groceries, amazon, flights, restaurants, and way more. I think you are imagining the state of bitcoin at least 7 or 8 years ago, things have changed tremendously. The largest retail stores in Japan accept it directly. Many of the largest stores across Europe take it. There are countless resteraunts all over the world taking it directly. There are literally thousands of atms across Europe that will exchange it for cash. There are many 2nd world countries that use it regularly across Africa and South East Asia, South America, the list goes on and on. Your information really truly is way outdated. The future got here long ago, but I guess there are still bubbles of people completely oblivious.

We shall see. At the moments both Dems and Republicans are discussing it, it is becoming a non-partisan issue as we speak. It is a matter of getting ahead of any other country that realizes its value and use. Citizens are welcome to come along for the ride and help equalize wealth inequality, or they can stay uneducated and bitter and stuck in the past.

Yeah, heard it all before. They said nobody would ever give real money for internet points. They were wrong. They said a bitcoin would never be worth a dollar. They were wrong. They said no government would ever acknowledge bitcoin. They were wrong. They said no US government would ever accept bitcoin for taxes. They were wrong. They said no government would ever make it a national currency. They were wrong. They said bitcoin will never be worth 10,000 USD. They were wrong. But sure, I’m sure you are positive it will never go any further, that governments would use it as a reserve currency. I’m sure you’re accurately calling the next line.

If half the world is nuked to hell, then gold or special paper isn’t going to buy you bread either.

Only one way to find out who’s right, the people who have consistently been right for over a decade or the people who have consistently been wrong. You’re free to place your bets wherever you choose. If you prefer your value to disintegrate by inflation to save your fragile ego, then more power to you, it doesn’t change what’s happening in the slightest. Upcoming generations can see it clearly, you can be the elder stuck in the past or the one that embraces the future. The only one that it affects is you. Your choice.

Lightning network doesn’t involve trusted 3rd parties, and it is directly connected to the blockchain in a trustless 2nd layer network.

Whatever, sometimes it’s volatile, that has decreased massively over the years, and during all that volatility, it was consistently rapidly increasing in value. Not only is it not inflating like even the best fiat currencies, it has outperformed every other asset or investment in the last 10 years.

Pointing out that you are talking with confidence about things that you can’t even be bothered to research is an important thing to say because there are people who will mistake your confidence for actual knowledge. The appropriate behavior is to research and say things you learned. When they are refuted, you should check to see if maybe you were mistaken, not double down because you dislike the feeling of being wrong.

A large number of Democratic politicians just signed a letter saying they want the exact same thing. I just posted it in a comment, or you can search it. They released it on July 26th, 2024. I commented it yesterday.

Governments do want BTC, and governments all around the world are holding it. Every year, governments hold more and more of it. This is public information. The fact that it disagrees with your imagination doesn’t change the facts.

You just explained emphatically why no country will ever want to hold gold. The US holds 19% of the world’s gold. Maybe you want to reconsider your stance.

An agreed upon set of rules where everyone has an equal opportunity to support the system in exchange for a reward. If you get caught printing usd, then guys with guns come and shut you down because you’re not allowed to do that. Only the government can do that. In BTC, everyone has equal rights to it, and this right is enforced by math.

Oh my, you have gotten some terrible information.

There is nothing magical about holding a whole number bitcoin.

I did say “value” as well, bitcoin has undeniably proven itself as an excellent store of value.

Anyone can mine it according to agreed upon rules, nobody has special control over it.

You absolutely can send it instantly for almost no fee. That’s the only way I send it. I use the lightning network to send BTC like millions of other people.

You know so little about something you think you know so much about. You have just absolutely proven your ignorance repeatedly. It’s time to slide the keyboard to the side and start doing a little research.

Monero does have some nice aspects. Lightning takes care of some of it on BTC, although not entirely. I wouldn’t be too surprised to see even more in that direction on layer 2.

With USD, the government can print as much of it as they want. With BTC, nobody has that ability. What this means is that if you have USD as a result of your labor, someone else can print as much as they want, which robs you of your labor. Wealthy people know this very well, so they hold their value in businesses or real estate or other things that only the wealthy have access to, but absolutely not USD or other fiat currencies. Anyone can hold their labor in BTC, and nobody, not even the government, can print it privately to rob you of your value.

That alone is enough to make it an excellent currency, but it goes way beyond that. Anyone can send any amount of BTC to anyone else in the world instantly for almost no fee. BTC can be divided down as small as desired, making it useful for many things that USD isn’t. The list goes on from there. This is why, a decade ago, when people were ridiculing btc as never being worth “real” money, so many intelligent people were able to predict just how useful and popular it would become.

Jon Ronson’s podcast miniseries on the culture wars talk about when abortion was adopted by the evangelical movement. It had a lot to do with some prominent pastors’ son regretting an abortion. I don’t remember the specifics, but that miniseries was great.

Yeah, I guess I see a massive difference between Bitcoin and crypto as a group. Lots of crypto is scam, but Bitcoin isn’t. Bitcoin is solid technology that finally gives people freedom to be in control of their own store of value. Crypto largely came along to leech off of this revolutionary idea.

Most def we can b, a night 2 rememmer!

Really? Are there pro-choice christians?

You feel sad for people who realise it is way better to be in control of their own wealth and not hold their value in something that other people can just print on a whim? You feel bad for people who don’t want the only way to hold onto value (that doesn’t inflate away) to be buying businesses or expensive real estate which the average person can’t dream of affording? What a peculiar reason to feel sad for a group of people.

I feel bad for people who know nothing about a topic and trick themselves into thinking they are such an expert that they are forced to pity people who have turned an idea into the 9th largest asset in the history of the world without any centralized governance.

Of course I b jokin. Life’s too short to do anything else.

This is all Dems signing this. It’s not only Republicans who are finally realizing the value of sound money. At this point, if you are anti-crypto, you need to somehow be against the only two political parties, who would have guessed. Not to mention RFK saying if he were in the White House, then the US would be trying to amass 20% of the Bitcoin supply.