Isn't it will not work just like that because we don't have enough supply yet and more than that we count/measure bitcoin in terms of fiat itself. So as long as that is happening we will always have 24K USD In our banks if we have 1 full bitcoin with us. (*as per current prices).
It can not turn down inflation just like that because it will increase the cost of purchase over the time since bitcoin is limited in circulation and high demand will automatically set the prices to higher sides. It will only be beneficial to gain capital over the time but then wont be useful while buying small stuff. How would you buy a candy bar when satoshi or milisatoshi is worth 100 bucks in the future? I am projecting that price because if we are thinking about the world which has fully accepted bitcoin and everyone wants it then that would surely be a price for it.
I could be wrong about it but maths and technical analysis would result the same conclusion. How in anyways this can help us fight inflation in any universe?
#ilovebitcoin too. Its just the criteria that is not matching here.
Easy answer: a candy bar will cost $100 by then.
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This has been something that I have talked about a long time, maybe it is a political ideology, maybe it is not, I do not know what this could be considered as but it is close to this sentence.
I believe that, if nobody in the world has poverty issues, no house issues, no car issues, everyone capable of buying the brand new iphone, a new playstation 5, a good computer, visit anywhere in the world, basically living a "rich" life, not wealthy, not Elon Musk, imagine someone living in the USA making 130k a year, that's quite well, but not wealthy, imagine that being the lowest, but with current purchasing power.
I guarantee you that ALL problems in the world would be solved, that's it. Whatever issues we have, racial, political, war between nations, ANYTHING, would be suddenly solved, because we all would have too much to lose.
That would require a lot more natural resources, though... 8 billion people living a luxurious life?
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Money needs to be fixed, and it starts with a system reboot. Debt forgiveness. /Klaus Schwab has entered the chat Too bad he'll have to confiscate your property to forgive your debt...
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Which IP exactly?
IPv4 has 2^32 IPs.
IPv6 has 2^128 IPs.
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Πιστεύω εἰς ἕνα Θεόν (Όσιος Σατόσιος), Πατέρα, Παντοκράτορα, ποιητὴν μπιτκοϊνιοῦ καὶ γῆς, ὁρατῶν τε πάντων καὶ ἀοράτων...
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Το "in a backwards-compatible way" λέει πολλά όμως. Δε βγήκε κανένας παίχτης από το παιχνίδι για να γίνει αυτή η αλλαγή. Στον χώρο της Πληροφορικής ανέκαθεν κέρδιζε το backwards compatibility. Άπειρα τα παραδείγματα. Τι να πρωτοαναφέρω; Την x86 CISC ISA που ήταν για γέλια κάποτε (συγκριτικά με RISC μεγαθήρια); Τελικά βρήκαν τρόπο στα mid-90s («μπάλωμα» που λέει και η groupie παιδοβιαστών) και συγκέρασαν CISC frontend + RISC backend στο ίδιο chip (P6 uarch)! Δεν καταλαβαίνω τι το διαφορετικό/ξεχωριστό έχει το Bitcoin και γιατί θα πρέπει να ακολουθήσει διαφορετικό paradigm shift...
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Για όσους αμφιβάλλουν ακόμα ότι το ασφαλιστικό είναι Ponzi (έστω κι αν έχει «κοινωνικό/αριστερό» πρόσημο): https://pomp.substack.com/p/social-security-ponzi-schemes-and#detailshttps://www.heritage.org/social-security/commentary/social-securitys-unfunded-obligations-getting-worse"According to Rachel Greszler, who serves as a Senior Research Fellow at the Grover M. Hermann Center, “the Social Security Board of Trustees reports that the program will run out of money in 2034. That means anyone 55 or younger today won’t receive a single full benefit."Σε απλά ελληνικά: όσοι είναι <=55 είναι τα κορόιδα που τώρα τροφοδοτούν την πυραμίδα/Ponzi. ΥΓ: Πολύ μου αρέσουν τα Αμερικανάκια εδώ μέσα που σκούζουν για το 401k (το πιο δημοφιλές συνταξιοδοτικό της Αμερικής), ειδικά κιόλας αν είναι παλιοί Bitcoiners (δεκαετία και βάλε). Ακόμα να καταλάβουν ότι το Bitcoin είναι το καλύτερο συνταξιοδοτικό, ενώ το fiat USD πάει για Currency Reset; Θα κλάψει κόσμος... ετοιμαστείτε! Μην τολμήσει και πει κανείς «μα μου δεν ήξερα». Τέλος οι δικαιολογίες.-
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Δεν είναι η μετρητό αυτό που έχεις στην κάρτα. Είναι πίστωση. Δάνειο. Και όχι και μόνο η κάρτα, αλλά και το physical cash/fiat... αντίκρυσμα σε χρυσό δεν έχει (το ευρώ ποτέ δεν είχε, το δολάριο μέχρι το 1971). Μόνο ένας είναι ο ψηφιακός χρυσός, όλα τα άλλα είναι απομιμήσεις (βλ. Adidas vs Abibas).
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