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Re:Jack Dorsey’s $2.9M NFT dropped 99% in value by nradov on Monday April 18, 2022 @01:56PM (#31074168)
There is no potential scenario where that happens even long term. People have to physically live somewhere. Nation states continue to hold a pretty effective monopoly on violence. They can prevent you from entering, or put you in prison, or seize your assets by force. Global, trustless, decentralized networks can't control government security forces with guns. The value proposition of central governments will continue to grow, not in the sense of people actually liking them but simply because there is no alternative. That is reality and no amount of techo-utopian fantasizing will change it.
Re:Jack Dorsey’s $2.9M NFT dropped 99% in value by lokedhs on Wednesday April 20, 2022 @01:07AM (#31093027)
And even if it did, it wouldn't be bitcoin. As bitcoin is capped at a maximum number of units, with some being burned by losing access to them, it is per definition is deflationary currency. That would prevent a normal economy from working.