You have a good point.
But what a lot of us are saying is the the original ideas and 'the currency' have changed and are changing. That's the attack vector we are trying to fight against.
I couldn't use L1 in a demonstration at a learning seminar because jpegs on chain priced out non junk data transactions. I thought at the time, 'Why is this allowed? This doesn't seem like a monetary network?!'
Erosion factor is real.
I believe a big storm is coming. They'll want increasingly "fiatization" of the protocol.
21 million coins, only? 👀
Replies (5)
When was this? During 2023? 2017? Those bozos ran out of money. The network has been essentially dead for two years.
Yeah 23. Was like 40$ for a L1 to go through. How embarassing to explain to newbs that this is what Bitcoin is for. Yeah L1 volume has been meager since.
Storm is on horizon is what im saying. It'll be Stablecoinz, tokenz, and then... Tail emissions and 21+ million.
And miners will just mine the fed coin inspite of what pleb node runners are wanting.
Once fiat elites are exercising power, the water becomes much more murky.
Godspeed to whatever "bitcoin" becomes.
Also, appears David Baikey didn't run out of money. Well tap wiz did maybe... But he keeps on grifting and scamming through other means now.
$NAKA 😒🫥
Given a long enough timeline, I don't see on-chain being viable for smaller transactions anyway.
Perhaps.
Hard to say.
Just hope it doesn't become like the past...
"Why hold your own Gold when you can deposit it for an IOU Bank Note?" -->
"We'll even pay you deposit interest!" -->
"Oops... We are exchanging your Gold to the Feds, cuz it's the law now... but just keeping using the pieces of paper!" -->
😣
"Just buy our stock/ETF/token/IOU (MSTR, NAKA, STRC...) ... L1 is too slow/expensive/risky" -->
"You don't need to access the real thing. Just use the derivative." --->
"Node running is expensive and self custody is risky."
🤐😶🌫️😳
