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0 sats \ 6 replies \ @justin_shocknet OP 14 Mar \ parent \ on: Scaling DEBUNKED: No More Than 5-10 Million Can Use Bitcoin, EVER! bitcoin
Had just re-worded some things above before your res
also: https://en.wikipedia.org/wiki/Num%C3%A9raire
Bitcoin is not a purely technical thing.
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?
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I guess I don't get it
If we look at the world as it is now, it seems clear that Bitcoin spawned a large number of shitcoins.
Fiat money is collapsing (do you want to bet on how many generations away that is?) But it is doing so because of its own corrupt weight, not entirely because of Bitcoin.
Gravity and Babel are beyond me. I'm saying look around you, few indeed are the enduring standards that permeate the globe. Even evolution, in its millions years work has only managed to produce resonances, not singularities.
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large number of shitcoins
And only one Bitcoin, you can't have two centers of the universe
Fiat
The euro was created before Bitcoin, it consolidated other fiats, dollar consolidated colonial fiats... English is spoken in every corner of the globe and there has never been a smaller percentage of people that can't speak it
Everything around you is either consolidating to a black hole or exploding out from singularity
Bitcoin is just the center of gravity when it comes to monetary networks