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5 sats \ 8 replies \ @justin_shocknet OP 14 Mar \ parent \ on: Scaling DEBUNKED: No More Than 5-10 Million Can Use Bitcoin, EVER! bitcoin
People also use dollars, dollars are arguably better currency.
Litecoin is arguably better currency than Bitcoin too... could go on forever with a million other shitcoins, stablecoins, blah blah blah.
Yet a second Bitcoin cannot emerge, because Bitcoin is not just a currency. Misunderstanding this fundamental thing is what that leads people into crypto more broadly.
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Had just re-worded some things above before your res
Bitcoin is not a purely technical thing.
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I've read the page on numaraires before (I think the last time you referred me to it). But what I don't get is how it implies BTC exclusively.
If there is another source to read I'm happy to go there, but at the moment, I'm skeptical of anything that claims to be the one and only.
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implies BTC exclusively.
It implies exclusiveness generally. A standard.
I'm skeptical of anything that claims to be the one and only.
Bitcoin doesn't claim anything, it's simply recognized as such, which creates a gravity-well that compounds on itself.
Skeptical of what exactly? No one needs you just to believe something. You're either in the network that matters or one that doesn't. It is binary. Ignoring the network element would have you believe that every dev firing up a test network is replicating Bitcoin.
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Tower of Babel is a good example re: Languages
Gravity is another, black hole to big bang
It's a cycle as old as the universe
Fiat and shitcoins are languages all getting sucked into the Bitcoin gravity-well, and the Tower of Babel gets taller
Only at the singularity will the trend reverse, how many generations away do you want to bet that is?