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0 sats \ 1 reply \ @AJ1992 30 Sep \ parent \ on: Bitcoin, as a bitcoiner, is a really lonely place sometimes bitcoin
50 cents IS EXPENSIVE to a large majority of people when they can use fiat and pay no fee at all. And you forget, most people do not care about anonymity (even though that feature of Bitcoin is mostly gone anyway unless you take certain inconvenient steps) Most people also do not care about or do not understand that money is controlled by government and it means nothing to them. Bitcoin IMO will remain and is bound to be a novelty, a way to invest, and a way to gamble anonymously (that's what I mostly use cryptocurrency for, to gamble at crypto casinos that are kyc free). And that's not a bad thing, at all. Everything has a purpose in life. But for me, I find it impossible for Bitcoin to ever replace fiat and I think stable coins have a much higher chance of being the future of digital money. Just an opinion .
Hi friend. If you don't like bitcoin then just... don't use it.
I think the problem that most people encounter or realize... is which fiat or government money do you use? The biggest one by far is the dollar. And the dollar is fine, for now probably.
However the US government is 35 trillion in debt and adding considerably to that each year - in 10 years the US gov will be over 50 trillion in debt.
At some point it will be mathematically impossible for US bonds to payout to bondholders... holders will want higher interest rates. Which all things being equal will result in lower rates (at the fed) and so more inflation. Using government money is fine, there's absolutely nothing with that as long as, in the long run governments stay solvent. Around the world that doesn't look to be the case so people will want an alternative that offers safety alternatively.
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