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0 sats \ 3 replies \ @denlillaapan OP 21h \ parent \ on: BM Big Read: Are Bitcoin Treasury Companies Just Another Fiat Game? (JB) econ
Yeaheahyeah, we got that too. But it's so boring and simple that everyone's already doing it
Doing what? MoE? Relatively speaking noone is doing that that's the entire problem.
The main users of the the chain, by choice not by technical limitation, are Chinese memecoin traders, NFT speculators, and bots.
Bots spamming op_return by the 10s of thousands with "uncommon goods" in the title... are the main users of the chain.
That and some kinds of weird NFT things... that don't make any sense.
Ignorance, laziness, and government policy are turning Bitcoin into a speculative commodity that people don't even custody themselves... it's held by someone else and there are practically zero places to spend it.
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No they arn't.
P2P payments protocol.
Nearly DEAD - sweet FA activity on the blockchain in terms of payments - thus FA fees to fund security.
Ripe for capture and control by the corporates and governments.
Which is their agenda.
Its now just a speculative commodity for corporate sharks and NGU remoras.
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I just don't understand what happened. This is an era of inflation, lack of trust in institutions, plus ever-diminishing privacy.
People have to KYC for goodness sake just to use social media or watch porn. How long until "getting online" itself is KYC?
Meanwhile society is like - peer to peer cash? Not needed. Don't want it.
Bitcoin was # 1. Monero was # 2. Monero got wrecked for being # 2... and it is currently dying to a shitcoin that rents hashrate.
Bitcoin is slowly fading away due to apathy, greed, and laziness.
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