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0 sats \ 2 replies \ @cashflow OP 17 Nov 2023 \ parent \ on: Bitcoin will fail. Change my mind! bitcoin
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.
There were 553k transactions (economic activity) in the last 24 hours, with another 225k transactions in the mempool. And that’s just L1.
Doesn’t seem dead to me.
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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.
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