@ a***** r*** a****
2025-05-17 14:01:42
additionally, the most common problem with developers is and has always been the belief that tinkering with a thing that isn't broke is going to fix a broken world with a broken monetary system and a broken economy.
what problems are you solving by nitpicking a system to the point of fracture, frustrated by redundant discussions about prices and culture, without addressing the notion that more must be built on top of that to compete with banks?
other projects have attempted to address the idea of "layers" but fail, in part, because they're mimicking the same economic mindset of the status quo while shilling blockchain as the solution to everything.
ok, well, where is the Bitcoin Supply Chain and Bitcoin Escrow and other Bitcoin services that effectively reorient industries toward transacting in Bitcoin?
I've said this numerous times, but until Bitcoin is truly depegged from fiat, there is no accurate appraisal of its value against it. the Bitcoin Standard is unlikely to exist without being pegged to something that fiat no longer represents, and that is gold.
yes, as a technology in and of itself, it holds an immense value, but this has yet to manifest in peoples' minds because we are quite sentimental about the value of things, and most humans would rather a new currency have a tangible value.
the Bitcoin community has long been staunch, yet chaotic, about Bitcoin being the new gold, but it is essentially an accounting system – the technology is not exactly valuable in the same way that gold is valuable – and it's doing two things at the same time.
what I think many people within the community are actually complaining about is the bygone days of unfettered hype, where pragmatism took a back seat to these very fluid, abstract dreams of Bitcoin becoming a global currency without tangibility and without further intrusion as an entity in the international banking arena.
and yet it is.
the question is how entrepreneurship can help scale Bitcoin beyond being viewed as essentially a technology trade stock.
I, for example, want to see actual, physical Bitcoin Banks because I do not believe that all things good must remain in the mind – architecture is symbolic for a reason, but also practical and useful for the furtherance of an idea.
the OG farts of Bitcoin, obviously hate this idea, and seem to fear retribution for daring to be so bold as to push for a Bitcoin Bank in every state and in every country, even if as a monument to an idea.
meetup groups are great. community events are great. but it all smells of ponzi when it's run by the same people whose faces we have seen a million times, like Michael Saylor, saying the same shit a thousand different ways.
decentralization doesn't mean intangibility, it just means that if I build a Bitcoin Bank and you don't – probably because you don't see a use for it – and it's wildly successful because people actually *like* being able to go to a physical building where they can offload some of the responsibility of Bitcoin ownership to a trusted entity, then that's on you.
personally, I think the elderly would appreciate all of the services that banks offer being offered by a trusted Bitcoin-only institution, but then we are in the territory of economics, contracts, and finance that overlaps with the current real world, where certain services are still necessary as a middle ground for insurance against the numerous failure points of human transaction.
remember: the service can be offered without the biases of banks, and removing that one barrier for entry is meaningful in and of itself.
we aren't going to win against banks by dreaming of the day they don't exist; we win against the banks when we compete against them directly and disarming them of their weapons with a complete financial system that siphons business from them.
people do not trust P2P when it comes to things like real estate for a reason. humans very much like the notion of safety, which isn't an indication of weakness, but rather the nature of collective accountability, which the banks have traditionally taken the role of providing, albeit, badly.
imo, if you bail out at this stage because you're too afraid of the consequences of war, then you were never equipped for the war in the first place.
Bitcoin might have originated in the underground but if we don't start building out into the real world, it will end up in the gutter.
no religion, for example, would have survived without cathedrals, churches, temples, monasteries, and synagogues.
we need functional monuments and we need them now.
the difference between an idol and an edifice is its use case.