and never recovercrypto is doomed to fail because it faces an inherent contradiction: to serve effectively as a currency (a medium of exchange), it would need built-in depreciation discourage hoarding and encourage circulation (like fiat with its 2% inflation target that stimulates economic activity)However, Bitcoin tends to appreciate dramatically in value, turning them into speculative assets that people hoard as investments rather than spend, which defeats its purpose as decentralized money thus preventing widespread adoption as a true currency.
>>61655541omg
>>>/monero/
>>61655585
>>61655541Bitcoin is not supposed to be a currency.Ethereum is not supposed to be currency.The only crypto thats supposed to be a currency are stablecoins.Youre a midwit and you should probably take the possibility of killing yourself into serious consideration.
>>61655541You can program that exact behavior as an ERC-20 Token in Ethereum. You could also program any inflation target you wanted and make it work with a DAO or based on external data using oracles.Chainlink would enable this, but sadly it never recovered after being demoted to an ERC-10 Token.
>>61655541Your midwit take is wrong considering the point of crypto has almost nothing to do with its use as a currency
>>61655690according to ChatGPT I won:User 1 is describing what Bitcoin was designed to be vs what it actually became.User 2 is describing what many people now claim it is to cope with the contradiction.So User 1 has the stronger, more factually accurate position.
>>61655737The intention behind a creation means has almost no bearing in what it will be, specially given the decentralized nature of crypto. The creator of pepe the frog was also malding about pepe being used to promote racism and guess what? He couldnt do shit about it. The collective consciousness of humanity is the ultimate decider of what use things have.You can conceive things with a certain idea in mind, but when your work is out there its its own thing, independent from you, and the collective consciousness will figure out the most appropriate use for it.Once again, youre just proving yourself to be a massive midwit.
>>61655709he was a bit too early, but correct
>>61655690>>61656066Fucking nigger... Tell us the title of the bitcoin "whitepaper". You are lower than a dravidian
>>61656079Read my second post and stfu. The creator is merely the conceiver of the creation. the creation is ultimately its own thing once it is freely accessible to the entire world. It doesnt matter what satoshi thinks about its creation, specially considering the decentralized nature of crypto, you worthless unevolved ape.
>>61656075So you would like to ignore that he was already wrong and believe "this time is different"?
Monero still has the properties that were the reason people bought Bitcoin back in 2016/2017. It’s conceivable that it could see a similar increase in value now. I’m considering buying some, even though it’s become quite complicated.
>>61656066Yet the value of BTC is still due to the belief that it can be a valid currency. Only rapidly aging millennials still believe in it and zoomzooms are completely priced out and only think of crypto as something for gambling. Once it crashes in 2026, its never going back up. Millennials are too old and zoomers would rather pay for botox or a vacation to japan
>>61655541It's literally just failed digital gold. Why do you think they call it "mining" bitcoin?
>>61655541I voted for this
>>61656273Or you can zoom out on the chart and also read posts made by people saying this exact same thing spanning from early 2010s to now
>>61656325It's not clocking to you lil bludington. You're old. Only millennials give a shit about BTC. ZoomerGODS are all priced out and gen alpha is too remedial to care about anything besides the lastest niggerified tranime and kai cenat burping and farting in the chat. ZoomerGODS watch Clavicular. Any inkling of wealth they can establish will be IMMEDIATELY used on looksmaxxing. Jaw surgery, botox, rhinoplasty and vacations to east asia.The crash in 2026 is inevitable. If it was the 2010's you would recover because millennial burnouts are entranced by fanciful ideals like alternative currencies. To late zoomers it was a lottery ticket that is now far too expensive to achieve an ideal that is completely out of reach.
>>61655690If Bitcoin is not supposed to be a currency, it's basically just an asset that goes up or down for no other reason than people expecting it to. The days of exponential growth are over for BTC and once people realize it won't do x10 performances anymore it's price will drop and never go back up.
>truthnuke>thing everyone has been sayingHere's the actual truthnuke- bitcoin will hit 125k again, dump to 70k and /biz/ will call for 50k, but it will never go that low.
>>61656357Soooo>It's different for real real REAL this timeRiiiight yes I see
>>61655709>>61656099>>61656075He was wrong but you have to look at the specific reasons those assets pumped.>covid>everything crashes>provides cheap buy-ins>covidbux provides cheap cash to throw into crypto>eth falls to 100 dolla then runs to 4400
>>61656357>ZoomerGODS are all priced outbeing broke is a weird flex.
>>61655737Viagra was supposed to be a blood pressure medication. Today, it is only prescribed for ED. And it is used by hundreds of millions of men for ED.
>>61656466The advertised use-case for Viagra completely changed because clinical trials revealed an entirely new, highly effective medical application.For Bitcoin, the core advertised use-case as p2p electronic cash has not successfully pivoted to a new dominant utility. Faith and institutional acceptance in BTC only exists because of the original whitepaper selling it to millennials as being an alternative currency following 2008 financial crisis. These are two separate things, unc
>>61656509because this time is different for realsies
>>61656509>For Bitcoin, the core advertised use-case as p2p electronic cash has not successfully pivoted to a new dominant utility.Bitcoin has been coined digital gold for literally over a decade you dumb boomer.
>>61656517Yeah by baggies who desperately want you to hold their bags. Actual gold is a tangible asset with mainstream use cases unlike Bitcoin.
>>61656099Yes anon, everything always keeps repeating. This time is never different. The way things happened those past 3 times? Well, that's how it will continue into eternity. Just like with everything else.
