JayJuanGee, what in the fuck is this jibberish you're posting? Your argument is basically that since bitcoin has some minor level of liquidity *right now* it's guaranteed to always be there.
That's not my argument. Please work on your reading skills, roach. You would be out of your element if you would actually respond rather than just spewing out talking points.
No, it's not, just like hundreds of other fiat notes and altcoins whose liquidity used to be something and is now zero. The only thing that can maintain liquidity on a long enough timeline is an actual use case.
stop comparing bitcoin to shit coins, such comparisons are attempting to suggest that the tail wags the dog rather than the other way around. Bitcoin is leading this pack, not a product of its various imitations that you attempt to attribute bitcoin traits to.
Regarding use cases, stop ignoring obvious points. Bitcoin has various use cases including sovereignty over value and ability to censorship resistantly move such value. Good luck doing that with gold, especially if you want to move a few million. And, those just getting started use cases exist in bitcoin right now, it is not theoretical.
Gold has a lot of use cases, although much lower than silver and copper, so that typically prevents it's liquidity from imploding and the commodity going to zero.
Great... Good for you and your various PMs. I will take your word for it, and the possibility that some PMs might have some use cases does not rule out that bitcoin has use cases. So get the fuck out of here with your attempt to narrowly define use cases in some kind of physical tangible category, when those are not the only possible kinds of use cases.
Bitcoin's only real use case is regulatory arbitrage, which is an untenable, TEMPORARY feature.
Again.. a narrow attempt at ambiguity, and your failure/refusal to accept the real world and to recognize on the ground facts.
Transaction validators are designed to centralized, traffic is not obfuscated, transactions are non-fungible, etc, so it's extremely easy for the govt to stop regulatory arbitrage in bitcoin and even control it entirely.
Again, you are trying to make out a problem out of something that could happen and to suggest that such a thing is actually happening rather than to recognize and accept actual transactional empowering scenarios in bitcoin that are actually taking place in the real world.
Then all you have left is some fake claim of scarcity which isn't even true since cryptocurrencies have no valid Schelling point.
You are hypothesizing about the future. Can you at least attempt to stick with bitcoin rather than attempting to confuse matters by bringing in all kinds of other cryptos and trying to make the bitcoin use case (and various already existing schelling points) more unnecessarily complicated (and devolving into irrelevance) than needed?
In this thread you have people who only care about Ethereum, or only care about Monero, or only care about Bitcoin.
This is a bitcoin thread, so why you trying to suggest something else? Of course there are trolls, shills and people who care about other coins, including ethereum and monero, but the existence of folks who also believe in some other projects does not take away from bitcoin's ongoing development and progress.
People just flee to whatever the blockchain pump and dump of the day is, whatever has the lowest transaction fees at the time, or whatever coin where the distribution favors themselves instead of the next guy.
So what? Who gives a shit? It could take 20 to 50 years for the various coins to play out and the copy cats and the attack vectors and the distractions, but that still does not take away from ongoing BTC development and progress that should be obvious to anyone who is actually attempting to study and understand what is taking place rather than just ignoring facts and spewing out nonsensical distracting talking points, which seems to be your ongoing practice.
Metals do not have any of these problems because you can't create a new noble metal in your basement.
Metals do not have that problem because no one gives a shit about metals, and they are likely going to continue to decline in value with the passage of time and while people move more and more to bitcoin. Good luck with your attempts to hold your ground and stop bleeding in the coming 5 years, 10 years and 20 years.
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