It depends on how far we would venture into a dystopian world. If CBDCs (Central Bank Digital Currencies) are implemented sensibly, they would not be linked to your identity or a score reflecting your status as a good citizen. However, I think we can agree that even if the intentions are for the greater good, there is a slippery slope here; over time, this system could be used for controlling and establishing totalitarian central control over all people, tying the necessity of having a job directly to putting food on the table.

In such a scenario, we could end up in multiple situations where people might consider Bitcoin as a solution:

Hehe this feels allot it was made with chatGPT. It starts to feel that majority of what you read on these kind of communities are more and more generated stuff.

Yes I'm doing something called envelope budgeting since a while back. Previous I just set a side a fixed amout of fiat for bitcoin and savings the first thing when the pay check arrived.

Today I'm budgeting more granual to have more options to change my behaviour.

A tool I use is https://actualbudget.org

They always do on-chain transactions with submarine-swaps it is not a real lightning wallet. Use Phoenix or Breez for the best non-custodial experience.

Tether is one of the biggest buyers of US treasure bonds, they will exist as long as they fuel the fiat ponzi.

They are not meant for using as a piggy bank.

These card are meant for as reusable secure gift cards (thereby no backup) or as mentioned before off chain swap.

For a piggy bank solution tapsigner is better. Possible to make a backup.

When people are using the paper notes for paying for stuff.. Almost non of the users understands how new paper notes are issued or why and how different stuff have a price.

When people are using the plastic cards almost non of the users understand how it works, they don't understans the cryptographic algorithms which protects the credentials for your payment information which the merchants system pass up streams, almost non of the user understands that visa/mastercard never touched their money but takes a fee anyway.

There is so many things in the society which people using everyday but have no clue about how it works and why. They just accept it because it is more convenient to use it than the alternatives.

I have a demonstration in action with the problem of using seed phrases #275973

Please avoid it

If you try the seed vault and getting stuck in why you can only add one seed add the seed here Advanced/tools --> Temporary seed

My parents raised me with the simple belief that money comes from hard work. Even though my parents were the wealthiest in the neighborhood/town, it wasn't often that I could simply point at something and get it. If I wanted something, I had to earn it, and by 'earn it,' I mean I had to work to collect money.. This is decades before bitcoin.

I can observe my friends' kids today, aged 10-13, who seem to have almost no understanding of the value of money. I often witness them spending money freely during vacations as if it were limitless, only to end up disappointed when their pockets are empty, leading them to start begging for more...

I have a kid, well it is some years before I can start sending sats (but I can hodl), I will not force sats but I will encourage that. It is important that the kid understand that it is an opportunity to earn some hard money by doing stuff at home and for what rate.

No, It was when Stacker news was new and single letter nicknames was avaible, didn't put so much thought in it and q was the first random letter which was not in use.

Most likely I did not use a passphrase of the length 30. But I remeber that I used to combine 3 different passwords to secure wallets which is about that length. I have withdrawn funds from the wallet once so it cannot be an imposible passpharse and most likely I did not used a password manager for it.

I don't remember, I have tested my passwords I used during that time, so probably it is not with special characters

Awesome!

I rearly try to push bitcoin on people but if I have a debt to pay or buying something from friends I always ask bitcoin or the nation currency, sometimes they are interested and accept a lightning network payment (me guiding)

Me: 10 Wife: 5 Mother: 1 Father: 0

Let's take a deep dive into the source and the maths, but first we need to understand the current rules, in the beginning from the first block the reward for each block was 50 BTC, every 210 000 blocks the reward is cut in half. To verify this we can read the source code https://github.com/bitcoin/bitcoin/blob/dcfbf3c2107c3cb9d343ebfa0eee78278dea8d66/src/validation.cpp#L1630

So now we can start to test it

These are the present halving, as you can see the tola amount of bitcoin minted each halving decrease and will do that until it is down to 0 sats. So down the road the last halving will have a reward on 1 sats for every block somewhere around year 2140.

So if you would summarise the amount of new coins for all halvings that number would print 21 000 000.

Count me in!

Order of operations, never understand why people think these are so hard, mathematics is based on rules like bitcoin.

just follow these simple rules and you will have no more troubble

A few years ago I saw a blog post or a solution/fork of Bitcoin which had a mechanism of rewarding miners with a small percent fee of older untouched UTXOs, or if it was on wallet level don't remember we talking about +10 years with a minimal fee every year if its not touched. That's kind of interesting idea because if we look at gold which is lost can be found.

This is how I arrange my coins