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Author Topic: How Bitcoin can 'Scale' in a Lazy & Convenient Tech World?  (Read 66 times)
dim_mak5 (OP)
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June 28, 2024, 06:20:22 PM
 #1

Hello,

Google is the number 1 visited site in the world. Google is a so called 'Search Engine'. Nowadays people don't use google for searches. Most people use google because they are too lazy to type a full URL website address in the browser address bar. For example if you want to buy something from amazon, most people don't type the URL address of amazon in their browser address bar, instead they type 6 letters amazon in their bookmarked Google tab then click on the amazon google search result to go amazon. I see this lazy behaviour all the time.

Most people be on social media all day, you telling me these people don't know the web site addresses to their fav sites like instagram, facebook, twitter, reddit & such & instead they 'search' for these?

You only search for something that you cannot find or to look up something new to you, everybody knows where, instagram, facebook, twitter, reddit are located and these sites are not new to most people.

The point I am trying to make is for Bitcoin to scale to the world and become the global reserve currency then will the lazy people put in the effort of using it via their bitcoin wallets like wallet addresses, maintaining keys, using & manually maintaining liquid or lighting protocols in their bitcoin wallets to do a btc transaction?

I fear due to 'laziness' Blackrock & Wall street will capitalise on this and use bitcoin derivatives to make it convenient, easy & quick that is no different to current fiat banking that the world will use but it be just Fiat 2.0 while they will have all the real bitcoins and I believe in future bitcoin will scale through this derivative way only where the world will use bitcoin but not transacting on the real btc base layer blockchain but transacting on derivative btc & the governments of the world don't want people transacting on the real btc base layer blockchain and will force shops not to accept transactions on the real base layer btc blockchain but only allow derivative btc transactions only that wall street & governments will control on layer 2s or 3s or who knows The governments, wall street and blackrock might do their own exclusive layer in which they will only approve btc transactions.

Otherwise show how lazy people can transact on the btc base layer chain with cheap fees using private keys that the people control in a quick, easy convenient way like using your visa/mastercard in shops or online? Otherwise lazy people wont adopt bitcoin for everyday use, they will go back to using their quick & easy CBDC's. And if btc base layer fees are high then that will encourage btc derivatives.
kryptqnick
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Today at 09:37:41 AM
 #2

I don't know about other people, but I frequently use Google as a search engine, to look for information. If it's a website I know, and I want to order something from there, of course I just type the first couple of letters into the address bar and go straight to the website. But I'm looking for information regularly, perhaps 10 or more times per day. It's things like when does the post office open, how can I get from point A to point B, or just situational things related to life (or just out of curiosity).
As for your point about lazy people, I agree that there should be more mainstream solutions that make Bitcoin as user-friendly as the best mobile banking can be. I think such projects exist, but adoption is still not very high, and you are sacrificing decentralization when you go down this road.

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pooya87
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Today at 12:20:52 PM
 #3

I fear due to 'laziness' Blackrock & Wall street will capitalise on this and use bitcoin derivatives to make it convenient, easy & quick that is no different to current fiat banking that the world will use but it be just Fiat 2.0
This is my concern as well. People love to use tools they are used to where they have no control (like banks, Paypal, etc.) and if these banksters and others start offering such services, it could end up being popular.
However, the danger I see is the fractional reserve banking creeping in. Where they'd sell more bitcoins than they own! That could even crash the price and eventually destroy bitcoin.

Quote
while they will have all the real bitcoins
It is impossible. For starters a lot of bitcoins are not going to give up their bitcoins to a centralized authority. And also the world is so much bigger than just US and its Wall Street scammers and others. They won't really have access to all those people's bitcoins.

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I believe in future bitcoin will scale through this derivative way only where the world will use bitcoin but not transacting on the real btc base layer blockchain but transacting on derivative btc
In such a world Bitcoin is already dead. Long live the replacement. Smiley

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the governments of the world
The plurality of this means it is impossible to happen globally.

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Catenaccio
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Today at 01:10:00 PM
 #4

This is my concern as well. People love to use tools they are used to where they have no control (like banks, Paypal, etc.) and if these banksters and others start offering such services, it could end up being popular.
However, the danger I see is the fractional reserve banking creeping in. Where they'd sell more bitcoins than they own! That could even crash the price and eventually destroy bitcoin.
Bitcoin is Bitcoin, is itself as it is, sorry this sentence looks funny. Bitcoin is only a mean for we to use but in many different methods. We can use it in good methods that can help us to have control of private keys and fully control our bitcoins. We can, oppositely, use it in a bad way, and spend money to purchase bitcoin but don't actually own bitcoin, because we don't have private key.

Bitcoin is better than bank system is it is an existing tool for us to use in a right way. If we understand Bitcoin technology wrongly now, practice badly, we can learn and change our practice quickly later. It's not like bank system, we want to change, but how to change our practice with bank system.

AVE5
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Today at 01:14:53 PM
 #5

I don't know about other people, but I frequently use Google as a search engine, to look for information. If it's a website I know, and I want to order something from there, of course I just type the first couple of letters into the address bar and go straight to the website. But I'm looking for information regularly, perhaps 10 or more times per day. It's things like when does the post office open, how can I get from point A to point B, or just situational things related to life (or just out of curiosity).

Actually the necessity for Google search engine is to help facilitate on ensuring proper contents of a user or serves as quick notation in order to proceed, process and get yourself search or enquiry resolved and satisfied.
There could be a lot going through ones mine that you don't find somethings necessary to be stressed about such as memorizing of the web sites as Op has emphasized.
Let's imagine our private seed phrases, why do we still have to write them down or store them elsewhere if we think search engine are for lazy people? That's just basically to be ensured that what we're doing is right and how to save our time instead of going through the critical and logical stresses.


As for your point about lazy people, I agree that there should be more mainstream solutions that make Bitcoin as user-friendly as the best mobile banking can be. I think such projects exist, but adoption is still not very high, and you are sacrificing decentralization when you go down this road.

It doesn't still feel that everyone wouldn't be lazy in other ways if only bitcoin has become a friendly banking method. Life is just being too broad that we can't afford to grasp all of the trending developments such as crypto currencies to be expected that everyone must adopt and accept.

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