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969 sats \ 9 replies \ @k00b 16 Feb 2024 \ on: When will Bitcoin become as boring as gold? bitcoin
It'll never be as boring as gold (we stopped using gold because it is a literal rock) but it'll eventually be taken for granted if it undergirds the global financial system which I would place in the 2040s at the earliest.
Yeah my mids 20's kid might care if/when he realises his GenXer parents and little bro weren't talking shit after all 😂
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Agreed. I think comparing to fiat like the dollar is more of a apt comparison. For most people the dollar is very boring. I just don't know if it was every not boring though.
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It was probably pretty exciting when the telegraph was invented because it allowed us to "transfer" value globally.
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A bit off-topic, but the fiat networks don't/can't transfer value. They transfer credit.
The Bitcoin protocol/network, on the other hand, does actually "transfer" value.
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By that you mean they are IOUs. Not bearer instruments.
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Yep, forgot about that. Removed a ton of barriers. I think people forget this when they talk about the boom at the turn of the century. People like me :)
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💯🔥
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I think you're having trouble with either the definition of "literally" or the definition of "rock".
Gold is literally a metal.
Gold is figuratively a rock.
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I'm actually just stupid.
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