Does anybody here still believe in BTC's funcionality and that it can be used for anything other than speculation? It honestly feels like there's no way to turn back now from the path of ponzi scheme, what with the same institutions that caused the last stock market crashes purchasing BTC.

you will never be able to use bitcoin as a medium of exchange if it's not desirable to begin with, everyone must want it
currently, I'd rate bitcoin as a 1/10 "people want it", with a very strong positive trend

>>60507573 (OP)
>believe
I use it, retard
you fiatcels are fucking hilarious, always projecting
also
>ponzi scheme
a ponzi scheme without yield?
you need to either educate yourself or end your fucking life

>>60507573 (OP)
>use bitcoin as the medium of exchange
Why don't these retards understand that if Bitcoin were actually capable of being a real currency it would have been adopted globally in a long time ago? It's been like 17 fucking years or some shit and nobody uses it because it doesn't fucking work. People in places like Venezuela and Africa would have been using Bitcoin over a decade ago instead of their failed currencies and it would have naturally become the global currency but Bitcoin is a failure as a currency, it can't scale, it's slow, it's shit and that's never going to change.

A medium of exchange that costs $1.50 and takes 10 mins to confirm LOL. Tokenized Gold on the other hand $0.01 fees and 5 seconds to confirm, now theres a medium of exchange that can be used to buy a coffee just as satoshi intended. (Link will profit at every step)

Bitcoin will be the settlement layer, not the medium of exchange. Satoshi himself said this.

>>60507573 (OP)
You mean like peer to peer cash?

That's not BTC.

>>60507573 (OP)
>can we use the slow ass thing with one block every 10 minutes for transactions?
Holy Boomer Bitchud take

>>60507629
>Tokenized Gold on the other hand $0.01 fees and 5 seconds to confirm
you don't understand blockchains

>>60507573 (OP)
It's already only for leverage trading now. It's been over for awhile now you guys just havent accepted itm

>>60507609
>a ponzi scheme without yield?
>you need to either educate yourself or end your fucking life
Top kek retard
>it doesnt give out yield on the unit therefore it cant be a ponzi

>>60507630
>settlement layer
that means nothing

>>60507632
that's BTC
the top peer the peer cash

>>60507660
The last resort
>you dont udnerstand it

>>60507656
>slow ass thing
transactions are instant, retarded monkey nigger
>>60507663
>it doesnt give out yield on the unit therefore it cant be a ponzi
yes that is correct, you fucking troglodyte retarded nigger

>>60507666
you don't because you don't understand why a native token exists for gas/ congestion payment
and you don't understand why blockchains have a small space for transactions
your "tokenized gold" is just middleware shit synthetics that will never be used in commerce, ever

>>60507573 (OP)
no shit retard

holy fuck you normalfags just got figuratively raped
sucks to be a 70iq fiatcel lmao

>>60507665
>doesn't understand what a settlement layer is
kek, whatever you say 6 post anon

>>60507585
If I dont get dollars, men with guns shoot my dog.
If I dont get BTC, what happens?

>>60507667
>transactions are instant, retarded monkey nigger
No they are not
And yes you monkey, a ponzi scheme where sells units even usually has no yield on the unit. You seem to not understand fundamentals. But i think you are purposefully lying to shill Bitcoin.

>>60507671
>your "tokenized gold" is just middleware shit synthetics that will never be used in commerce, ever
What?
PAXG literally exists already and its use is expanding.

>>60507715
>where sells units
Where the first guy sells useless units

>>60507707
Your neighbor bought it, and therefore will be able to buy your house, fuck your daughters and dispose of their souls, and you will be powerless, just watching it happen.
That is ALL that Bitcoin has, nothing more, nothing less. Just a FOMO game of musical chairs.

>>60507573 (OP)
I just want to be rich. Is fucking bitcoin going to pump or not? Tired of this shit

>>60507573 (OP)
Normies are gonna be pissed when learn about 2017 and that they bought the wrong BitCoin

(and BSV is the real BCH)

>>60507573 (OP)
Using BTC is literally an attack on the network

BTC only needs to be used for the most significant transactions as they're the most significant.

Unit of account, money-as-tally-board, is the systemic function of money, this is a vital economic function as without the signaling of money we could never autonomously organize into the mutually beneficial superorganism that blankets the earth like a planetary slime mold.

All monies before BTC were trust-based. Yes, even gold, as it's physical nature requires centralization and abstraction to be used as unit of account. As Szabo notes, trusted third parties are a security hole too large to leave open in money, using someone "real trustworthy" isn't a fix, the problem is the TTP, if you remove trust from money it can't be corrupted.

Trust based money will always be corrupted because it's too good a score, it's the best place to parasite, and once corrupted the corruption will spread as you're now rewarding corruption. This process is hugely negative sum as you're fucking up the signaling of money. The world is falling into BTC as it proves a truer economic signal, BTC will continue to reward adopters as that is what the positive externality of trustless money yields.

>>60507585
Medium of Exchange is a trivial use of money as there’s little term risk, just look at the hot garbage we currently use as MoE (fiat) to see the truth of this statement. Only net demand encodes novel information into the price of an economic unit, using BTC as MoE would not increase the fidelity of its price signal as the supermajority of MoE use would average out.

>>60507629
Ahh yes, the great failure of fiat isn’t that it’s an infinite supply shitcoin controlled by malicious negative sum actors, it’s that it can’t be used to buy coffee!

Dull.

>>60507783
all word salad rubbish. you speak like a fucking cultist

>>60507853
If you haven't realized buddy, the cultists are winning, and everyone else is losing.

>>60507665
>that means nothing
To save without trustless money requires a litany of counterparties, trust and carrying costs. Most of the edifice of global finance is dedicated to the process of constructing a pseudo-bitcoin, a semi-fixed economic unit to use as tally board. Remember your Hayek, money is not transactional media, it is economic signaling, allowing n prices instead of n^n prices. BTC as sole denominator provides a near perfect, trustless price signal for money. Literally the most useful thing ever in history.

>>60507857
collective delusions (especially utopian movements) never end well.

>>60507864
utopian cultists are the fiat proponents

>>60507864
Self fulfilling prophecies happen all the time.

>>60507853
>slavemind can’t into abstractions
Sad.

Think about what you are actually doing when you “invest” (save) via an index fund, you are trading your resources through an intermediate economic unit (fiat) for a more constrained economic unit, the index fund having been stripped of most of its real tangible properties through broad diversification, bitcoin improves on this process by eliminating trusted third parties and by being a pure economic unit without other uses to distort its price signal.

>>60507864
Not utopian. Simply a superior economic unit than we’ve been forced to use throughout history out of necessity

>>60507717
Bitcorns are unaware of DeFi

BTC cannot do atomic DvP. It is just as good at peer to peer cash or any economic unit signaling as FARTCOIN (arguably worse than FTC). BTC to 0.

Btc went to zero

>>60508612
>securitization ON DA BLOCKCHAIN!
Does not make an asset trustless, does not change an asset’s supply elasticity, does not fix an asset’s total supply

>>60509995
I don't trust it when people like this can knock it down a couple % per day no problem

>>60507629
>Tokenized Gold on the other hand $0.01 fees and 5 seconds to confirm
Such as?
I'd buy it if i can confirm they have 100% fractional reserve. By confirm i mean i wouldnt just take a 'trust me bro'

>>60507573 (OP)
I already use it as medium of exchange. Coudn't care less what others do.

>>60507777
Checked.