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threezero · 11-10-2022, 04:09 PM

But bitcoin did not get accepted by mainstream because it was cool and useful.

The mainstream only care about bitcoin precisely because bankers trading money with each other creating upward pressure on its price.

Mainstream didn't care about bitcoin until it hit 10k. All the countries using BTC as currency, hedge whatever. These usage cases only appear after we have are all establish BTC is something bankers what to trade with each other

I see this whole space very differently from you. I know you are looking at it from a user perspective. Is this useful to me? No then I won't participant.

I see cryptocurency in general is a fasicination invention that that serves as a live simulator/model for finance and capitalism.

Most people will not be able to make money in crypto here on out without luck. Because most people simply don't understand in general how money/economy/finance work.

In a way it matches real world but with zero of the man made check and balance (ofc beside what is written in code, ie hard supply cap on BTC). Did you know all currency will lose its value if bankers no long trade it amongst themselve?

Which brings me to the other rabbit hole I been diving into. IMO ETH moving forward has a much better model to be use an currency of the web. Infinite supply but with a burn rate that makes it deflationary the more it gets use.

It was just a concept that have no where to practice in the bear market. The last 48 hour has been very eventful in this space and for the first time its history ETH achieve deflationary status.

BTC dominance has not returned to previous bear cycle level. Bitcoin Maxie beware. A economy model that cannot change with the times, might just get left behind in history. Of course its too early to tell but fascinating none the less.

11-10-2022, 04:09 PM	#4331
threezero OMGWTFBBQ is a common word I say everyday Join Date: Jan 2005 Location: Vancouver Posts: 5,185 Thanked 1,379 Times in 578 Posts Failed 96 Times in 53 Posts Member's Picture Albums	But bitcoin did not get accepted by mainstream because it was cool and useful. The mainstream only care about bitcoin precisely because bankers trading money with each other creating upward pressure on its price. Mainstream didn't care about bitcoin until it hit 10k. All the countries using BTC as currency, hedge whatever. These usage cases only appear after we have are all establish BTC is something bankers what to trade with each other I see this whole space very differently from you. I know you are looking at it from a user perspective. Is this useful to me? No then I won't participant. I see cryptocurency in general is a fasicination invention that that serves as a live simulator/model for finance and capitalism. Most people will not be able to make money in crypto here on out without luck. Because most people simply don't understand in general how money/economy/finance work. In a way it matches real world but with zero of the man made check and balance (ofc beside what is written in code, ie hard supply cap on BTC). Did you know all currency will lose its value if bankers no long trade it amongst themselve? Which brings me to the other rabbit hole I been diving into. IMO ETH moving forward has a much better model to be use an currency of the web. Infinite supply but with a burn rate that makes it deflationary the more it gets use. It was just a concept that have no where to practice in the bear market. The last 48 hour has been very eventful in this space and for the first time its history ETH achieve deflationary status. BTC dominance has not returned to previous bear cycle level. Bitcoin Maxie beware. A economy model that cannot change with the times, might just get left behind in history. Of course its too early to tell but fascinating none the less.