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1  Bitcoin / Bitcoin Discussion / Why Bitcoin would never be a unit of account, unfortunately. Well, I guess. on: October 18, 2022, 04:12:46 PM
Store of value, medium of exchange, and unit of account.  Bitcoin is a medium (not widely used, I know that you know), store of value(sure) it has proved in Latin America. Now, unit of account, I do not understand Btc as I understand $, 20USD would give me a pretty good idea of what I can buy around the world, but BTC, the symbol is like a language, we have to learn etc.. I am lazy so I would like to propose a way more faster, that even a Chinese and an American totally understand the symbol which I would like to share with all of you.
The metric system was born like Bitcoin was born, both of them as full frustration from the system, a revolution. This system of measure was accessible to anyone who would like to access as a system of exchange easily understandable. The meter was born then the kilogram came. And both of them have created many types of scientific units etc... Which in other words, m(meter) and kg(kilogram) would stay as long as you can imagine.
I would like to buy your mom (oh God, what did I just say, please do not hack me), lets stay serious, What could we put in a mathematical equation to attribute a price to your mom.
Standard + subjective value = Price .
Standard would be something that can attributed to every type of variables such as computers, humans, animals etc.. all of them are composed of E(energy) which also made of mass. E=mc(square)
BTC is only subjective value, fiat system is only subjective value which we attribute prices depending on our irrational, emotional stupid behavior, like a painting of Modiliagni, or Leonardo Davinci for MBS bought for 415 Millions of dollars. This painting mass is about lets say, 15 kg + subjective value (99%) of the price he bought. A cryptocurrency which implements a standard (m) mass could easily asserts us a way of thinking to give a price of something, even something never thought before.
Want to discuss more, do not waste my time as I did not waste yours, Telegram @TellAsmar
 
2  Alternate cryptocurrencies / Altcoin Discussion / A cryptocurrency understood even before its use. on: September 28, 2022, 04:06:00 PM
CHIFFRAL (kg)
2022 - The digitized kilogram for all times and all people.

A priori ;
The beauty of history is that it can be used to connect every subject and is applicable in every aspect. For example, Bitcoin was created as an applied history of gold. Miners mine for it and then decide whether or not to save, invest, or speculate. Bitcoin also emerged as the first successful digital money and what tends to work well is often copied. The emergence of a Web3 is bringing new currencies to the market with the dream of being stable and used as currency, but this may be wrong because everything that could be called money, Bitcoin already is. The alternative coins would only be shadows and will stay that way because they act like central banks, diluting the money supply.
Honesty is the first step, which they don't have.
Needless to say, that without a foundation, everything would collapse. So, what is the foundation of Bitcoin ?
The answer could be trust. Networks could not be established without trust, thus, Chiffral is targeting the core of the problem, for all times and all people.

Language is important because it is how we communicate and learn. There are two ways to make a language understandable, you could impose it or you let the market decides. Fiat dollars were strategically imposed, thus, everyone communicates and, (instead of learn) they earn. Bitcoin is letting you the choice to decide to use it or not, unfortunately, it is not widespread as we would wish due to the issue of language (symbol, BTC).There is already a language that everyone knows, but they don't realize it. A language used by every nation, in every day life. We would not have to wait that Bitcoin reaches its full capability, knowing that our time is limited.

1- Privacy ;
Bitcoin is a cryptocurrency, or a digital form of money, that could be very useful. However, there is a danger that people might not learn from history and create new cryptocurrencies that are just as good as Bitcoin. If these cryptocurrencies are going to work together, they need to use the same language, or denominator. Some people think that cryptocurrencies, like Bitcoin, will eventually replace traditional fiat currencies, like the US dollar. They believe that Bitcoin is more stable and will not fail like other fiat currencies have in the past. But, are we willing to have Bitcoin as the denominator for all or are we willing to at least create a perfect foundation for every crypto that may exist. Many issues have been met while using Bitcoin like the public ledger which could undermine people's privacy and could get them in trouble with the law in some places. Do we want to risk having those problems?

2 -Trust ;
In 2010, a person bought 2 pizzas for 10000 Bitcoin. Another problem is that people do not understand Bitcoin because it is not a currency that is used in everyday life. Chiffral is adding a detail that Bitcoin is not able to reach, which is 227 years of trust since the symbol of the kilogram (kg) is used around all nations. You would certainly think twice of spending 10000 kg of Chiffral for 2 pizzas, because you understand the meaning of kg (kilogram).

A posteriori ;
Chiffral is a cryptocurrency that is already understood by people, even before it is used. The reason for this is because the symbol for the kilogram (kg) is used by all nations and is something that people are familiar with. By having this as a denominator, it will make it easier for people to understand and use cryptocurrencies (that may also exist in the future).

@TellAsmar /Telegram
3  Other / Off-topic / Too late on: September 24, 2022, 08:29:10 PM
29 May 2033
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