pull down to refresh
0 sats \ 6 replies \ @guerratotal 9h \ parent \ on: For those of you who do not know or do not care.... bitcoin
Damn, what a great quote....!!!
It's actually true, except that if someone wants to use it as a means of payment, they can. If someone wants to "burn" sats on things others consider useless, they can do that too... and pay for it.
So many people still don't use it for what we dream of? Maybe. But the important thing is that the possibility exists, and no one can take it away. Time and people's real needs are what will drive the use of Bitcoin as money, not what we want to impose.
I also think it's the problem of being something "new," and people have taken it as fury, like when monkey portraits were worth millions and thousands of people threw their money away. Those who don't understand things pay the consequences of their stupidity.
If someone wants to "burn" sats on things others consider useless, they can do that too... and pay for it.
While this is true... 'burning sats' on useless things ultimately consumes finite node resources. The biggest 'resource' being consumed isn't hard-disk space...
It's memory/CPU (I think) during the initial block download and the bloating of the UTXO set makes this issue worse. The spammers want to cause 'maximum damage' and "pretend" their dust outputs give them 'memecoins'... so they create lots of outputs, dust outputs, and over time this bloats the UTXO set and it's what has happened.
So activity doesn't exist in a vacuum.
Time and people's real needs are what will drive the use of Bitcoin as money, not what we want to impose.
Very true, but we need to be honest about the success or failure of our educational efforts so far.
I also think it's the problem of being something "new," and people have taken it as fury, like when monkey portraits were worth millions and thousands of people threw their money away.
We will have another bear market and the ****coiners will get rekt. It happens over and over again and we want to protect/educate people both to benefit them and the network.
reply
I really think it's an education issue. Most people still don't understand the intrinsic value of Bitcoin. They only see it as a way to make money, not a way to bring freedom to their lives.
I think it's more an education issue than anything else.
reply
see it as a way to make money
As in a way to 'trade' for more fiat?
reply
That's right...!!
Most people don't see it as a source of freedom.
reply
Rhetorical Question:
If the only point of it was to 'trade it' for more Fiat...
Then what was the point of it at all???
reply
Obviously, for us it doesn't make any sense, but for someone who is a fiat speculator, yes, for him he only sees bitcoin as another form of speculation.
reply