What is real bitcoin?

the battle is lost
the battle is destined to lost
we work for money to buy digital gold,they print money to to buy digital gold, banks and corporations have a huge amount of fiat, states has unlimited fiat

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In privacy maybe, but not in fairness, scalability and simplicity.

Money should be convenient for a wide range of people. This is not yet available in GRIN, but it can be implemented.
To begin with, inflation should be slow, as countries’ GDP is gradually growing by an average of 2-5% per year.
Thus, in order to stabilize the monetary system, the inflation of “money” must also vary in this range. BTC is not suitable, unlike GRIN

By that logic, Grin will no longer be suitable in 44 years, when inflation drops below 2% :frowning:

But pretty much all other cryptocurrencies will be even less suitable, while the tail-emission-less PoW ones will be facing a security crisis.

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Money will flow into whatever technology works the best at solving a problem. BTC is currently the best at solving the store of value problem and trust in it increases yearly. BCH tried to focus more on the peer to peer aspect but there wasn’t and still isn’t any demand for it. We can only speculate on which problems will be greater in the future. We expect that demand for decentralised exchanging, privacy, and true peer to peer will eventually arise but the truth is, the space is so complex, it’s a massive challenge to guess right. Altcoins as a whole also have a reach into the store of value narrative alongside their specific ones. The two biggest threats to bitcoins future are the quantum cracking of early wallets and the dependency on fees for security. We simply have no idea how that will all play out

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Simple usecase and demand is ability to buy non-usual things on black/dark markets, its a question who can replace Monero, not Bitcoin for p2p.

Fairness is important
Monetary right is equal in the first 4 years and the last 4 years,The monetary right of the previous generation is equal to that of the next generation

Whether Monero, Grin, or anything else, it seems that the bottleneck is the on/off ramps. I can’t imagine it getting any easier as monetary systems advance but innovative solutions arise from pain.

Now the most used form of money at crypto is USDT TRC20. Once it will be no alternative but CBDC, means p2p market can have real problems, Monero can be spammed, Bitcoin can be censored. World needs sustainable freedom money.

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USDT is fiat, which Tether could freeze.
Tether freezes $5.2M in USDT linked to phishing scams

What is real bitcoin ?

Why Is Money Valuable?

Interestingly enough, the peculiar procedure of economic measurement is opposed to the methods of measurement in science. Indeed measurement in science is based on the impartiality of the measuring technician. Measuring by money is actually based on the bias of everyone involved. What is more, in science units of measurement are presumably stable, yet money as a standard of economic measurement is constantly changing value.

Before I discuss the instability of money, the following question should be answered: why money generally retains value despite many reasons for value variations, why we somehow expect money to be stable despite the knowledge that it is not?

The utility of a certain consumable commodity be it cattle or sheep skin when that commodity played the role of money was an understandable reason for that money to retain value. In the case of gold or paper money rarity, social convention or respect for the government which issued the money can be the reason behind the fact that such things can start playing the role of money but not yet the reason why that money will retain its value.

The actual reason for money to remain valuable is the fact that people want more of it and once they get it, they choose to hold it and not give it away easily. Once a certain symbol like money is accepted by humans as the representation of order, it finds itself under the protection of an innate drive to guard the acquired order and increase it if possible. The value of money is connected with the main quality of life itself—a desire to lower entropy and to safeguard the achieved reduction of entropy. In this sense holes in our pocket have the same significance from a life guarding point of view as holes in a cell’s membrane which lead to insufficient protection of a living cell from an orgy of outside entropy. Life is local order, life’s goal is to protect and to increase order. We are back to our discussion on the second law of thermodynamics: our struggle for low local entropy will be lost if we don’t protect the achieved order and money, which represents that order, must be held at least temporarily as a defense against us becoming an object with growing entropy.

There are needs which can be satisfied by giving away money, there are many temptations and traps set by those who want us to part with our money. Yet the desire of people to keep money and spend it mainly when necessary, in most cases prevails and thanks to that, and not thanks to government decrees, money loses its value only gradually and some times may even gain in value. This is the main reason for money to retain value and that reason comes from the physics of life itself. The social and economic question is how this reason holds against many factors which push the value of money down.

Indeed, reckless spending by people would ruin the monetary system in no time. We may say, that the influence of life’s goal to guard life, to protect local order from destruction, gives us the ability to guard our money and this is a stronger element of our behavior than even many moral or even religious prescriptions. It is interesting how this desire to hold money (and property in general) survived throughout centuries despite many dissenting moral teachings including one of the mightiest religions humankind ever knew—Christianity. Indeed, Christ’s rebellion against embryonic financial enterprise as he “poured out the changers’ money, and overthrew the tables…” (John 2:15) characterizes the early position of the Christian sect in Israel. Christ’s words: “sell all that thou hast, and distribute unto the poor, and thou shalt have treasure in heaven: and come, follow me.” (Luke 18:22) actually prescribed a life without money as money would lose value if given away on a massive scale.

This and many others’ dissenting moral systems were apparently produced as a protest against material inequality and until Marx and his followers did not have a basis in economic theory. As we saw, Marx’s approach was primarily energetic and did not properly take into account the organizational and informational components of the economy. One has to note though that even in an economy with a negligible low-entropic component the desire to hold money is also crucial for the economy. In such a stage of the economy money represents labor (energy) to a bigger extent that in a developed economy and cautious spending of money represents the principle of work minimization. One may reasonably expect that the human ability to measure energy, order and potential order by money is higher when there is a simple connection between the amount of money and the quantity of hours of work. Using money as a measuring device for higher and higher levels of p-order increases the possibility of erratic mistakes in measurement.

In any case, for money to be a measuring device there are the following rules:

  1. everyone wants to get money

  2. everyone holds it or exchanges it for goods or services in extent of the amount which corresponds with the desired value of those goods or services.

Rule one is not absolutely crucial as some people may choose not to play this measuring game at all and become hunters and gatherers in a forest or on the city streets. Rule two is crucial as giving up money for not deserving values certainly devaluates money.

Each person who participates in economic life is actually a member of the giant jury which evaluates money and the economy’s produce every day. If I put $1000 in a bank it is not safe there simply because of FDIC insurance—that insurance will cover my dollars in numbers only, not in value. Actually my savings depends on the verdict of hundreds of millions of people to decide what that $1000 will worth tomorrow. My real insurance, as far as the value goes, is the hope that the value of my savings will be judged by a non-impartial jury because if I lose, then members of that jury will also lose the value of their money.

(Excerpt from Chapter 11 of “Entropy Demystified: Potential Order, Life and Money” by Valery Chalidze — 2000)

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:nerd_face: TLDR;
The value of money is based on:
a) the human nature to hoard things, like money, to increase its chance of survival and maintain its lifestyle in a chaotic and dangerous world
b) The valuation given to money by each and every individual

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throwing-computer-ron-swanson

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it make senses,Perfectly explains the reason for Bitcoin HODL :joy:

Yeah, I think BTC and other coins are just the tools for populating the USDT/C and I wonder that how many entities/enterprise are backed by US FED to print USDT/C freely without US “permission”. Otherwise, they would be seized.
And crypto market is now used like real estate/stock to ‘consume’ the inflation from money printing. (Just my naive thinking)…

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Tether was simply a sketchy instrument to artificially pump Bitcoin over the years, and still is to this day. There’s no other company with such a small size managing so much wealth, it’s disgustingly shady.

As for Bitcoin, it is still near and dear to me as someone who was banned for 15 years from having a bank account due to my old bank not appreciating me calling them out for stealing from me. I can handle the volatility of it just fine compared to having the constant fear of illegal seizure of my funds. And with a coldcard Q I really feel like I have a Swiss bank account in my pocket like Obama said.

I should crack open Mastering Bitcoin and get re-acquainted with it’s finer details.

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To be fair, these days they’re basically a subsidiary of the US DoJ. :winking_face_with_tongue:

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US FED Should be thankful to have USDT/C , USDT/C is the dollar in digital form.The US dollar and the US banking system services cannot transcend national borders.
USDT/C allows the US dollar to easily cross oceans, mountains, rivers, and deserts.people in China, Japan, Russia, Brazil, North Korea, and Iran all can use and hold USDT/C,USDT/C represents the currency of the US dollar, and USDT/C makes the US dollar system stronger and more widely accepted.
If you support the BTC philosophy, you should oppose USDC/C.

美国联邦应当感谢USDT/C,USDT/C是数字形式的美元。美元和美国银行系统的服务无法超越国界。USDT/C使得美元可以轻松跨越海洋、山脉、河流和沙漠。中国、日本、俄罗斯、巴西、北朝鲜和伊朗的人们都可以使用和持有USDT/C,USDT/C代表美元的货币,而USDT/C则使得美元体系更加强大和被广泛接受。