Oddbean

I've made it easy and convenient everyone to easily get to me and have quick convo. You can connect with me now via simpleX Chat with the link below ⏬ https://simplex.chat/contact#/?v=2-7&smp=smp%3A%2F%2FZKe4uxF4Z_aLJJOEsC-Y6hSkXgQS5-oc442JQGkyP8M%3D%40smp17.simplex.im%2FGURI7tP4afExB-87ZpAQViqh3dnT87ia%23%2F%3Fv%3D1-3%26dh%3DMCowBQYDK2VuAyEAT8NmXPElFRftWJE-Y9p4joK98e-kk6dV0tJNN0frDjM%253D%26srv%3Dogtwfxyi3h2h5weftjjpjmxclhb5ugufa5rcyrmg7j4xlch7qsr5nuqd.onion

Great debate - I think nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqpz9mhxue69uhkummnw3ezuamfdejj70v5n7z could have done little better :-) The idea of scarcity is important in digital realm - where technically one could make millions of copy of a book or a picture .. Scarcity doesn't carry special significance in real world because all resources are anyway based on energy which is scarce .. Bitcoin brings that energy linkage to a digital item .. that is a unique thing .. no other digital item has this feature. Another argument on use value of gold - the biggest use is store of value - even for gold. Any other usecase is of lower value .. eg using gold in computer chips. #bitcoin is accidental realisation of this idea .. it is first time that a store of value got Engineerd in digital space though the intent was to figure out a P2P cash system .. a mistake that most other shitcoins made by moving to proof of stake .. Purely from debate standpoint - question that he should have asked Peter is how much he understands digital signatures, or the proof of work .. cuz unless you challange a cynic on tech - there is no way to showcase the unique properties that Bitcoin achieves .. these properties are hard to accomplish even in physical systems - Bitcoin does it in digital form - at speed of light ..

And Bitcoiners should avoid price discussions in such debates .. gain of 60 % year on year only proves that it is a speculative asset .. money ( or store of value ) should store value ..NOT increase it :-) If not speculative, such gains wrongfully bundle Bitcoin with big tech .. which is exactly opposite of truth .. Bitcoin is a core open source protocol that is still being built in terms of layers to take it to average users .. it is our best and brightest shot at solving the most complex problem - money 🤑 .. It is speculative because most tech savvy investors see it as tremendous potential.. just like internet in early part of this century..

I've made it easy and convenient everyone to easily get to me and have quick convo. You can connect with me now via simpleX Chat with the link below ⏬ https://simplex.chat/contact#/?v=2-7&smp=smp%3A%2F%2FPtsqghzQKU83kYTlQ1VKg996dW4Cw4x_bvpKmiv8uns%3D%40smp18.simplex.im%2FD1yZe9VTHaaYgGw5orbCq5dKNRuXn67I%23%2F%3Fv%3D1-3%26dh%3DMCowBQYDK2VuAyEA8jxuVUwBtzlwikmHx9Tqpstet3raCJyvenI2ql6lWyk%253D%26srv%3Dlyqpnwbs2zqfr45jqkncwpywpbtq7jrhxnib5qddtr6npjyezuwd3nqd.onion

I wish you could expand on your second paragraph. What are shitcoins missing exactly by moving to proof of stake? I see what you’re saying that the store of value aspect of bitcoin was a fortunate “mistake.”