Thread 60785254

If Bitcoin really replaced the dollar as the dominant currency it's value wouldn't even be expressed in dollars

>>60785254 (OP)
It's never gonna happen, so why do you care?

Nobody is gonna relearn how to value things based on Satoshi's

Never gonna happen.

Its gonna be stablecoins 1:1 to fiat.

>>60785254 (OP)
The SAT could replace the penny

>>60785464
If BTC goes to $1 million, then 1 sat is $1

>>60785254 (OP)
Indeed it would need to be much bigger before that happens.

>>60785254 (OP)
Sure it would. Just like how zimbabwe dollars still exist even though they are completely worthless, the dollar will still exist even though it is completely worthless.

Also with the way bitcoin is currently coded it cannot be used as a global currency. The energy costs would be out of this world high. There are fees and it would be way too slow.

Bitcoin is never going to be a currency. You can just get that idea out of your head. Even bitcoin maxis have given up on it. They say its a store of value now.

>>60785471
Try again.
100 million sats in a bitcoin.
Go on big boy, you can work it out.

>>60785254 (OP)
Bitcoin is going to be expressed in local energy derivatives

>>60785254 (OP)
What is the dollar's value expressed in? That's right, houses for the rich and burgers for the poor. One sat is one burger.

>>60785525
Hugely wasteful.

A digital currency has to be efficient.

>>60785254 (OP)
>Hello! I would like to buy 0.000000013784589BTC of ground beef please.

>>60785534
You can "Sat" on a dildo. Nobody is gonna relearn the value of food items.

>>60785545
Dude doesn't what sats are in 2025

>>60785551
Fax machines work perfectly fine, nobody is gonna learn email.

>>60785572
Bro you are ridiculous. Its never gonna be a currency.

>>60785620
bro my business does not need a website, people aren't just gonna hire website people for every business

>>60785629
BTC is netscape. Do you see anybody using netscape today?

Or AOL ?

>>60785667
BTC is just a stepping stone for something greater

>>60785254 (OP)
Can you please put a bra on that guy? I don’t want to see his nipples.

>>60785671
Yea something that is not a huge energy hog, slow to transact or has large fees for every transaction.

BTC = Beta Test Coin.

>>60785254 (OP)
that's deep bro, i wonder if satoshi thought of that.

>60785525
>bro crypto is energy units
Energy units are already out there
>energy transfer
>sunoco commun units
All without a token and much less speculative and actually backed by assets

>>60785572
Fax machines and email had legitimate use cases. Token not required

>>60785712
Having something like an insurance product in a country that previously had no proper method to enforce contracts is life changing.

>>60785731
>programmatic trustless execution is the same as sending a document in the mail
deeply retarded, there is no helping you

>>60785731
>internet of value

Gee where have I heard that before?

Everyone will continue to use national currencies for day to day spending because "it just werks".
Crypto will probably replace bank transfers though because even now after over a decade of bitcoin existing, banks still haven't figured out how to make it cheap and fast to send money across borders.

>no proper method to enforce contracts is Iife changing.
Why would they abide by a digital yoohoo when they ignore contract laws. Just because a phonescreen says a number or words doesnt give it any more or less authority than a title which would be unenforced anyway. Plus you smell jewish/pooish/like literal cancer so maybe thats why you're pushing scamtokenery on gentiles

>>60785741
>banks still haven't figured out how to make it cheap and fast to send money across borders.
Bank didnt figure it out because it cuts into their profits. But Private institutions have figured it out.

We are in the inbetween phase where the incumbent banks are still holding onto their legacy systems and the new system is still emerging.

>>60785748
You lack basic reading comprehension. It would be pointless to explain the math involved to you.

Crypto is for 3rd world scammers like jews and poos. Banks created digital currency to further enhance fractional reserve lending; tokenizing adds another layer of rehypothecation.

>>60785741
They will transition everyone to using a Stablecoin which is valued 1:1 for the countries Fiat. That way the prices for everything remains the same.

The stablecoins will run on an underlying crypto network.

>>60785772
Banks didnt create cryptos. They were too slow. Even JP morgons CEO said they could have done them but they didnt. Because they are incumbents and the progress comes from the technology sector, not banks.

Anyway howabout e-gold
Oh and tether mints close to 60 stablecoins for every dollar despite claiming a 1:1 backing, stable coin issuers are extremely under-collateralized. Anyway im all in on e-gold tokens so

>>60785799
Tether is a scam. The recent legislation is for fully backed stablecoins.