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Stables don't need to be perfect to be better than Bitcoin. How many billions are stables moving that don't get smoked.
How many of those billions would have been traced if the IRGC used Bitcoin exclusively? And if they were traced, how would the IRGC get access to the dollars they need?
Stonks are rugged just as easily as stables, probably even more so, because they represent equity the government can use... whereas dollars they can just print.
It is SoV only, everything else is downstream of that and a nice-to-have at most. Accept it.
I don't accept that. Store of value means that miner revenue from fees doesn't matter, that stacker news doesn't matter, that nostr doesn't matter... That its only about 'store of value' when frankly its a pretty **** store of value if I do say so myself.
I have the right to transact with you and you, or not transact as long as we don't interfere with the rights of others...
And to have those transactions be based on sound money where underlying inflation doesn't chsnge. Saying its 'store of value' only is quite frankly the biggest cop-out I have ever heard
Miner revenue from fees does not matter, large Bitcoin stakeholders will do it at a loss to protect their investment if need be. I doubt it will come to that, because Bitcoin will be so valuable even the near 0 fee rate today is more than enough.
Stacker News is fun, a nice-to-have, but absolutely unimportant in the context of a world reserve currency.
Nostr is more like a digital printing press allowing free-flow of asymmetric communication, much different animal. That's useful to Bitcoin as a MoE, MoE can be supportive of value, but value must exist first to drive MoE.
Our rights are irrelevant in this conversation, they don't change what Bitcoin is or is not.
If Bitcoin wasn't a store of value you wouldn't be here, you could go exchange worthless reddit karma.
"Stacker News is fun, a nice-to-have, but absolutely unimportant in the context of a world reserve currency."
Totally disagree, stacker news is a prototype.
"Our rights are irrelevant in this conversation, they don't change what Bitcoin is or is not."
I completely disagree, bitcoin is from first principles.
"If Bitcoin wasn't a store of value you wouldn't be here, you could go exchange worthless reddit karma."
I don't use reddit thank you very much
"criminals don't need it for crimes when stables are better"
Stablecoin wallets literally get smoked every day when tether 'turns them off' at the drop of a hat...
Most likely 1 billion $ in Iranian held stables were turned off recently... And somehow stables are better?
Stonks may not be storage for us, but they are definitely storage for people, there are multiple US tech companies worth individually more than all the bitcoin combined.
"They need Bitcoin when they're done doing crimes and living on a Catamaran in Corsica."
If we try to permanently separate SoV and MoE of bitcoin becase it is SoV only... Then we are done.