When you're talking about understanding bitcoin, do you mean the technology, or rather how it is used, what the future holds in terms of adoption ? Will it replace fiat ? Gold ?
If you were referring to my earlier post, I suppose that I was referring to the fact that bitcoin touches upon a lot of different fields of knowledge in terms of figuring out bitcoin's possible value to society - and surely just in terms of technology, there would be various aspects of the code and various layers built upon it and also use cases that relate to having open source software and largely knowing from the start that there are going to be governance issues and also copy cats that involve genuine and disingenuous variations - that also plays into the varying game theories involved in how it is set up with mining incentives and the difficulty adjustments and cryptography (and features that can be built around cryptographical ideas and/or various ways of making changes to existing code).
There are also social implications that relate to at least the seven network effects that had been outlined by Trace Mayer, and elements that relate to personal financing, sound money and allocations that deal with attempting to prepare yourself for the future whether you are an individual or someone who is involved in an institution that wants to get involved in bitcoin or a government.
Because I feel the technology is reachable. Knowing what will happen, that's another story.
I think that some aspects of bitcoin can be understood, and even on deep levels, and I don't know how to program or the advantages and disadvantages of having various bitcoin implementations or even how some of the various wallets and exchanges might interact with bitcoin or the ways that some of the variations in the new features and the backwards compatibility (and forwards compatibility in which some of the wallets support a variety of different kinds of wallets).. .. When I am trying to explain some technical aspects of bitcoin to some newbies, there are some people (who I am teaching) who look at me as if I am a genius, and I say that I hardly know shit about how these things work even though I have varying kinds of practices that I employ to interact with my coins that have changed through the years too, and sometimes I have some changes in my practices that are sparked by something that I learned that I want to do or that I don't want to do something that I had previously been doing.
Oh even with game theory and various legal aspects that might relate to issues that come through the fakesatoshi trial and then other jurisdictional aspects that surely are going to differ from jurisdiction to jurisdiction.
I'm French so I have the Euro as a daily currency, that one is also quite an experiment. Countries sharing a currency without sharing an economic policy. Now Italy has voted for populists in the hope they can do something. That will end it tears, most probably.
And just describing those issues seems to touch on politics, economics and regulatory matters, and seems like bitcoin has potentials to touch on everything - even when public perceptions (would that be marketing) is going to differ around the world too, and for some societies with real high inflation and/or other economic difficulties (includng having a large number of bankless citizens), some of those people might start to understand the need for bitcoin, but they might not understand how bitcoin differs from various shitcoins that also might be being offered. I find so many smart people who have really strong arguments about how much they hate bitcoin, and I wonder how they can be so smart and say so many smart things but still not seem to understand what bitcoin is and how it differs from shitcoins including that some of these real smart people seem to be getting the beginnings of their talking points from various mainstream journals or websites or other news channels and they still are smart about a lot of things but still talk about bitcoin in ways that overlaps bitcoin with various shitcoins... and they even talk as if they know what is bitcoin.. and maybe they will talk about ethereum or some other shitcoin and say the other kind of bitcoin.. blah blah blah..
And, I was talking to a "relative" who is into Cardano about bitcoin and he was going on about how Cardano comes to the Crypto matter from "First principles," and after more than an hour of going through various kinds of discussions, he brought his phone over to me, and he showed my some kind of bitcoin hashrate chart, and he asked me if this was what I was talking about when I mentioned the difficulty adjustment, and in other words, this guy has been buying Cardano and cheerleading for Cardano for a bit more than 2 years, but does not seem to have any kind of clue in regards to how bitcoin mining works.. but he knew Cardano was better than bitcoin because it is proof of stake rather than grandpa principles related to proof of work... and it is a good thing that he ended up walking away after that portion of our discussion.. because he had some child care duties that came up and we never continued with the conversation even though I was starting to think that the guy is such a lost cause even though he seems to be spouting out various Cardano talking points and even prepared to say that Cardano is still better than bitcoin, and I think that several times, I told him that he does not seem to even understand bitcoin, even though I had several conversations with him over the past several years, and he got into shitcoins and cardano.. because I guess he thinks he is smarter than me.. not that I claim to be smart... but still quite aggravating.. to seem to get almost no where with the guy after a variety of sporadic conversations on the bitcoin topic.
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if you guys bet 0.001 or 0.01 each. I will escrow it for no charge
including the fees to send the coins to the winner.
Thanks.. .. if we get to the point of actually having some kind of possible agreeable bet terms, then we could put you on the list of possibilities, and if there is more than one possible escrow person on our list (if we get that far), then we could agree to a selection process.. hahahahaha..
It is quite unlikely that the amounts would get any higher if I am involved in the bet, but if other members want to get into our bet, then the amounts could get higher, and maybe even we could reach gallianooo's wish for a 1 BTC bet, but really I am suspecting that he is proposing a 1 BTC bet because he is trying to get out of actually making a real bet.. .that's my tentative speculation why he proposed
(I was going to say "that dweeb" but I will be nicer, for the moment in order to keep the dialogue open.. . hahahahaha) a 1 BTC bet amount.
Poll
