Bitcoins/Litecoins/Virtual Currencies

Flobee

Flobee

Ahn'Qiraj Raider
3,433
4,062
Kithani said:
I mean wouldn’t failure actually be your “store of value” losing ground to inflation or other asset classes?
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Obviously. My point is that I don't think that happens at this point, or at least it's less likely than what I laid out.
 
Arden

Arden

Vyemm Raider
3,185
2,509
Haus said:
So I have reached a kinda sad conclusion today....

I went into Alts (i.e. things other than BTC) because younger, more optimistic, more naive Haus believed that we were going to really see the emergence of a new digital financial system free of the traditional banks and governments. I not firmly believe that for the foreseeable future the governments will never allow a system they can't put them thumb on (both in control of people, and control of the currency), and banks will never allow the emergence of a system that they don't actively have a monopoly over transactions of and can ergo leech fees for eternity.

As such... I have regrettably gone BTC Maxi. It's the only store of value digitally I see with any feasible future right now.
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It's funny, I'm seeing the same things you are and coming to a completely different conclusion.

I knew we were never going to see the emergence of a "new digital financial system free of banks and governments." That was always a libertarian pipe dream, as I've noted many times on here.

Something like that would require a fundamental change in the way human behavior works.

I've also never been a Bitcoin maximalist (or an anything maximalist). And I'm even less so now.
 
MachRed

MachRed

Molten Core Raider
209
491
I’m a bit bummed bip110 failed so miserably. I don’t fully understand what quantifies as ‘consensus’ but the 110 nodes as a % was way higher than the mining % that backed 110. It appears to me large mining pools control BTC and those who were opposed to 110 seem to share the NFT (retarded) mentality and are happy to bloat the blockchain with non financial data. At this point I’m done stacking sats, I’ll probably sit on what I have unless it reaches its near ATH, and then likely just sell out.
 
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