Fact: The currency you use is the country that owns you. You use and get paid in USD? You're controlled by the Federal Reserve and federal spending/borrowing. Live in France and use the Euro? You're a "European," not a Frenchman.
Fact: Bitcoin is a currency with no nation. A currency without borders.
Conclusion: Cryptocurrencies represent a border-less future. The 4-steps to sovereignty are as follow:
>1. Investment ("Bitcoin is a store of value", "my friend Mark made 100x last year!") >2. Large-Scale Purchases ("first home purchased with Bitcoin") >3. Small-Scale Purchases ("Starbucks begins accepting Bitcoin as payment") >4. Paychecks ("Walmart begins paying employees in cryptocurrency)
At step 4, it's game over. Corporations will have determined that nations have outlived their usefulness. No more taxation, no more international regulation. As nations lose their leverage, the market will become freer and freer, to the consumer's detriment.
But none of that matters, because you just want to get rich.
Imagine being an uneducated minimum wage worker at walmart getting paid in crypto and losing your wallet access because you are retarded but also human. Crypto without a way to prove identity to recover funds will not be your paycheck
Noah Jones
That's as retarded as arguing that idiots won't be able to handle smartphones or emails or passwords. They barely can, but they still do. Technology advances with or without them, and they still somehow manage to keep up.
That's why they'll get paid in walmart coin. So stuff like this doesn't happen.
Cooper Gutierrez
there's never going to be a borderless future in a world with shitskins and other subhumans. the idea of letting them run free is just repulsive to the modern world.
Easton Price
monero is a great stop-gap, but it will never become money. it's a pure 100% tech-based altcoin, and privacy can be implemented on second layers when payments send and received are kept in those layers, just like payments are kept within monero if you want privacy.
feature coins and payment alts don't have a place in a world where network-effects still carry any value
Logan Torres
you can pay them in within any structure that lets them get their money but protect it against human error, with bitcoin you can also cryptographically prove that their "normie-friendly" funds are also 1:1 with bitcoin, something impossible on old gold-backed money.
sure they could make their own shitcoin, but that has proven time and time again to not work in the real world, where fiat and fiat-pegged assets are always preferred to single-purpose tokens.
Eli Allen
This, but unironically. Good post, but you get one thing wrong, OP As nations lose their leverage, the market will become freer and freer, to the consumer's detriment You need to explain why you think a freer market will be to the detriment of the consumer when history suggests otherwise.
Kayden Brown
You don't undertstand. Walmart coin™ is the future.
>fungibility >just a feature bro If bitcoin can't act like money on the basechain, it's not money. It's not a case of Monero adding features, it's a case of Bitcoin having fundamental flaws that are never going to change.
Read the book passage again >this money will accommodate the largest transactions It's the big boy money that needs privacy, not your fucking dragon dildo lightning network purchase.
>network effects Until Bitcoin actually has a serious impact on the world this argument is worthless. MySpace had the network effects advantage and failed. MySpace wasn't small but it was never big enough. While now Facebook has network effects that basically force most people to use it for one reason or another.
