Re:‘We’re a Cult’: Inside Bitcoin’s Shameless Hypefest
by swalsh on Monday April 11, 2022 @10:22AM
(#30989129)
"crypto people are dead-set on explaining everything except how this works as a currency."
I consider myself a "crypo-person". In that I see a vision of the future where crypto is a major part of it. But I don't personally see it as a currency. Not in the origional vision that bitcoin seemed to envision. Personally I view the bitcoin vision as obsolete.
Bitcoin always has, and always will measure it's value in dollars. It's just a place to sink dollars. It's not even a good vehicle to transfer to other "modern" crypto's. At least ETH enables you to easily bridge. Still bridges are wonky regardless.
In my vision of the future, crypto is a seperate purely digital economy. Where as bitcoin imagined a future where it is a currency for the meat world economy, i see it as something seperate. I'm a regular user of Avalanche (AVAX). When I perform transactions I measure my gains/losses in AVAX. To me dollars are foreign exchange. I monitor the forex market, because it can change demand and market conditions, but it's not important to me beyond that. I almost never convert my AVAX back to dollars.
Crypto is exceptionally good at transferring digital value. Better than any singular alternative in my opinion. I view it as the future platform for the AI-to-AI economy. People will probably continue to participate in it, but they will be foreign citizens.
I consider myself a "crypo-person". In that I see a vision of the future where crypto is a major part of it. But I don't personally see it as a currency. Not in the origional vision that bitcoin seemed to envision. Personally I view the bitcoin vision as obsolete.
Bitcoin always has, and always will measure it's value in dollars. It's just a place to sink dollars. It's not even a good vehicle to transfer to other "modern" crypto's. At least ETH enables you to easily bridge. Still bridges are wonky regardless.
In my vision of the future, crypto is a seperate purely digital economy. Where as bitcoin imagined a future where it is a currency for the meat world economy, i see it as something seperate. I'm a regular user of Avalanche (AVAX). When I perform transactions I measure my gains/losses in AVAX. To me dollars are foreign exchange. I monitor the forex market, because it can change demand and market conditions, but it's not important to me beyond that. I almost never convert my AVAX back to dollars.
Crypto is exceptionally good at transferring digital value. Better than any singular alternative in my opinion. I view it as the future platform for the AI-to-AI economy. People will probably continue to participate in it, but they will be foreign citizens.