Yeah I’m going to have to strongly disagree with you. If I give someone 6 BTC to buy their home, that’s not going to crash Bitcoin. Meanwhile, you’re advocating for the same monetary system that destroyed the Roman Empire, and currently has the US $40T in debt.
This is not a global financial system or replacement system. It’s a data center deeply in red ink that makes AI look cheap to run. Everyone thinks they have a trillion dollars in bitcoin wealth. They simply do not. $8 billion of selling took the market cap down $100 billion. So what happens at $80B
Bitcoin isn’t “a data center” Greg, do some study on how bitcoin works, it starts with decentralization. Tens of thousands of nodes all over the world. There’s one on my desk next to me, the entire back chain on my laptop, humming along confirming blocks.
yeah I have set up a full node, read all of the code. At some point it doesn't matter if AWS, GCP, and Azure are in data centers or in lots of networked personal computers. It's just container hosting. The economics of that system are important. Transaction fees are terminally low. This will break.
The base layer fees are too low? The L2 fees are even lower, have you taken a gander at the propagation of the LN network? (Transaction layer) 1ml.com/statistics 1ml.com/statistics
I don't care about L2 centralized. It might as well be PayPal or Apple Pay at that point. The fees are too high for consumers, and simultaneously too low to sustain the business of running the servers. So there's this constant cash burn and funding need from NewCoiners. It will end in tears for all
Your prediction is noted. Good day sir.
Good luck with the inflows. A lot of boomers careers are going to end from this disaster. Maybe you can scam the poorest people on earth next. Get them to invest their whole life savings in buying dollars to buy bitcoin. You just need like $1000 from a billion people.
Greg, you’re delulu. lol the adoption is just hitting the steep part of the S curve, it’s SO early it’s not even funny. bitcointreasuries.net