Proud to say that for the last 6 months, I’ve been $ETH/Alt free. A big thank you for the tough love from:
@pierre_rochard
@bitstein
@real_vijay
@MustStopMurad
@saifedean
#JustSayNo to alts kids! They will mess up your best chance at financial sovereignty and freedom! $BTC
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By "Maximum Liquidity" you mean you can exit the cryptoeconomy of the currency at scale any time by exchanging Bitcoin for different currency in a secondary market. That's absurd. Money is for spending to buy consumer drinks, not for engineered deflation or pumping a market price
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Money first and foremost isn’t for spending. Money is for saving your heard earned wealth in a liquid asset which is instantly redeemable, not for “another secondary currency” but other goods and services whenever needed. You’re not thinking big enough.
End of conversation
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I agree. Where we differ is where we think it’ll converge. Only time will tell (not your hunch).
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I don’t think you get it. It’s *always* converging.
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Bitcoin will be a medium of exchange in the future, most payments will be on secondary layers, base layer is expensive in order to be hypersecure and hyperdecentralized
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Welp, until it becomes a MoE it will continue to fail to converge. And I would argue that secondary layers will never go mainstream, as it requires either always being online, using a custodial wallet, or using “watchtowers”.
End of conversation
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