People like to say that bitcoiners are speculators, gamblers etc. But what is not owning Bitcoin?

It’s betting that fiat money, a system devised by bankers and politicians for their own benefit, it the superior form of money, and that it will win on a free market of currencies.

I’m sure somebody will reply hurr durr, I don’t own fiat, I own stocks, property, things that yield returns, yadda yadda. Well guess what, then you already don’t trust fiat money.

      • hitwright@lemmy.worldEnglish
        0·
        1 year ago

        I’m not shipping gold bars mate. A transaction costs around 20 cents, which is cheap for me. If Bitcoin wins there it can easily win in internet shopping for example. (For some reason still didn’t happen?)

        Bitcoin is often compared to gold, but gold has some inherit usefulness. Gold use in microchips or plating for contact as an example. Bitcoin on the other hand has a promise of value, just like the dollar. So please don’t lie to yourself about it being equal.

      • hitwright@lemmy.worldEnglish
        0·
        1 year ago

        Did they figure out the size issue yet? Since last time I’ve looked it wasn’t really that decentralized due to not being able to get the whole chain on each PC

          • hitwright@lemmy.worldEnglish
            0·
            1 year ago

            No I don’t have 600G to spare. No need to start insulting me. And no idea what’s pruning mode. Did they fix the algo to be based on something more regular, or specialized hardware still required making it not so decentralized as advertised?