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0 sats \ 1 reply \ @cashflow OP 17 Nov 2023 \ parent \ on: Bitcoin will fail. Change my mind! bitcoin
No, I will not do that. I've really gone very far here. I said what I could. Thank you for your attention and also for not crucifying me right away. I would like to say goodbye at this point and will not comment on this topic again. Thank you!
Fiat and bitcoin are dead capital, even if you play around with them a bit. Capital should be used beneficially for people. If Zacchaeus, from my example elsewhere, moves his treasures around a bit and tries to restock the money, there is no benefit for the population. What I mean is not stacking, but setting. Makes the stored energy available for the benefit of people. If money lies unused, no matter where and in what form it is stored, it will not be available for the benefit of people.
No, but: Many people will lose their investments. I would like to warn you about this. I would also like to point out that dead capital is worthless to people.
No. I know that the statement Bitcoin is compromised cannot be placed in the future. I'm saying the opposite. Am I understandable?
Sure, here's a summary of Zacchaeus' story. The story of Zacchaeus is found in the New Testament of the Bible, in the Gospel of Luke, Chapter 19, verses 1-10.
Zacchaeus, a wealthy tax collector, wanted to see Jesus as he passed through Jericho. Since he was small, he climbed a sycamore-fig tree. When Jesus reached the tree, he told Zacchaeus to come down because he would be a guest in his house. This surprised and angered the crowd, as tax collectors were often unpopular. However, Zacchaeus promised to give half of his possessions to the poor and to pay back four times as much to anyone he had defrauded.
Jesus acknowledged Zacchaeus' repentance and explained that salvation had come to his house that day, emphasizing that the Son of Man had come to seek and save the lost. This story explores the themes of repentance, generosity, and the transformative power of encountering Jesus.
I think this was not just about repentance and reparation, but also about finding and harnessing dead, i.e. useless, capital and converting it into capital for the benefit of people.
Does this help you so far?
Is that so and is bitcoin strong? Is Lightning strong? I think you're asking (only rhetorically, of course) for an alternative suggestion. The basis for this could be the assumption that if I warn against investing in Bitcoin, then I must be against Bitcoin and therefore I should suggest an alternative. Good. I'm not against Bitcoin, I appreciate the developers' performance and I respect them a lot. I like the community, I like the Lightning wallets, Nostr. A great combination, in my opinion. But Bitcoin will fail, that's a fact. If you ask me about an alternative, i.e. how I invest my federal reserve notes, then I would also like to answer that question. I invest in people, in companies. That doesn't mean I buy stocks. I build companies or buy them. To be more precise, I don't do it myself, others do it for me. It's important to me that the money benefits people. Fiat and Bitcoin are dead capital. Do you know what Jesus did to the tax collector, or what the tax collector did when he celebrated with Jesus? Of course I also hold some cash. I hold equal amounts of dollars, Swiss francs and euros. Not much, but something for life and security. But above all, I invest in travel, experiences and so on.
I think I know what you mean. But my point is to point out that people will lose all of their deposits.
Yes, HAM, LoRaWAN, Mesh. Many will not have this opportunity. A drastic decline in user participation and mining activities would compromise the security and functionality of the Bitcoin network. But that's not the problem.
Advanced and unknown security threats, a flaw in the Bitcoin protocol / software, has compromised functionality; it has jeopardized the integrity of the Bitcoin network and will resulting in a substantial loss of trust.