Economy (Point 1) - Why not even 10% of world economy is dependent on Bitcoin after 14 years of it's existence. I know the doomer case for it, when everything collapse everyone will apparantly use bitcoin or gold. But why not during good times 🤔
Privacy (Point 2) - "Can be achieved". The real question remains why it hasn't been? Probably less than 5% bitcoiners use this. Most exchanges will block your transaction if you coinjoined it.
Cheap Transaction (Point 3) - "We will get it" Same question when? Bitcoiners spent ungodly amount of time on lightning and rejecting all other alternatives. If a company has 10+ years to develop something but still couldn't most would abandone it. As people have their money in this so most will stick.
Centralised - Yes other chains are centralized but as I said they have found real good market fit. Decentralisation alone isn't a selling point.
Internet - Most who say bitcoin and internet are same wasn't even born during that era. Internet's limitation was hardware not software. There weren't any routers, fiber etc. for internet businesses to distribute their product quickly. Bitcoin is built on top of this infra.
Didn't study enough - I often hear this including HFSP. Basically if you argue that some stuffs of bitcoin is broken, you either is a troller, hater, didn't study bitcoin or want to stay poor. There apparently isnt 1 guy who understands tech and distribution who can point out issues in bitcoin.
Bitcoin isn't a test, its product that is yet to find a product market fit. Yes it's decentralised.
InvestRepeat / Save Invest Repeat
npub13h…f7mc4
2024-03-31 03:18:43
in reply to nevent1q…3j3v
Author Public Key
npub13ha75ufwvf35qg5h4zrpxfqffq33mmy3w2lwntlzeq444un6wt9sff7mc4Published at
2024-03-31 03:18:43Event JSON
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"content": "Economy (Point 1) - Why not even 10% of world economy is dependent on Bitcoin after 14 years of it's existence. I know the doomer case for it, when everything collapse everyone will apparantly use bitcoin or gold. But why not during good times 🤔\n\nPrivacy (Point 2) - \"Can be achieved\". The real question remains why it hasn't been? Probably less than 5% bitcoiners use this. Most exchanges will block your transaction if you coinjoined it.\n\nCheap Transaction (Point 3) - \"We will get it\" Same question when? Bitcoiners spent ungodly amount of time on lightning and rejecting all other alternatives. If a company has 10+ years to develop something but still couldn't most would abandone it. As people have their money in this so most will stick.\n\nCentralised - Yes other chains are centralized but as I said they have found real good market fit. Decentralisation alone isn't a selling point.\n\nInternet - Most who say bitcoin and internet are same wasn't even born during that era. Internet's limitation was hardware not software. There weren't any routers, fiber etc. for internet businesses to distribute their product quickly. Bitcoin is built on top of this infra.\n\nDidn't study enough - I often hear this including HFSP. Basically if you argue that some stuffs of bitcoin is broken, you either is a troller, hater, didn't study bitcoin or want to stay poor. There apparently isnt 1 guy who understands tech and distribution who can point out issues in bitcoin.\n\nBitcoin isn't a test, its product that is yet to find a product market fit. Yes it's decentralised.",
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