Agreed, but after reading up on bsv, I think you're less likely to lose money on it compared to btc, and I'd want the faster micro transactions if I was designing a small startup.
For sure. Having 1 Bitcoin and watching it go to $100,000 or $500,000 or $1,000,000 will be nice. But if my living expenses go from $20,000-$25,000 / year to $35,000-$40,000 / year and then $50,000 / year even though I don't do anything different is going to suck.
Ideally 1 BTC is like $500,000 and I can quit my job and live off Bitcoin and hopefully over the years it goes to like $1,000,000 and I'll just sell a little bit at a time to pay my bills.
I'll see though.
I could even just get a roommate(s) and pay $600 / rent and $400 / food and survive off like $15,000 / year if I can.
I'm not sure how BTC is even going to have proper value in the future anyway. A currency which 90% of the population has literally none of is going to be a hard sell, unless you plan to build some society like India where you have your beautiful walled house surrounded by a vast corrugated metal slum.
Doubly so since BTC is incredibly clunky and difficult to use outside of digital systems prepared well in advance.
You aren't going to be insulated whatsoever from the conditions that will occur if/when the USD experiences hyperinflation just because you have Bitcoins.
Crypto is not at all clunky at this point. Go look at a dark web drug market like White House. Completely smooth anonymous transactions with Monero. Everyone should know or learn how to use pgp encryption as well while we are on it. Venezuela has a yooge underground economy that runs on crypto. As well as Zimbabwe.
Agreed, but after reading up on bsv, I think you're less likely to lose money on it compared to btc, and I'd want the faster micro transactions if I was designing a small startup.
For sure. Having 1 Bitcoin and watching it go to $100,000 or $500,000 or $1,000,000 will be nice. But if my living expenses go from $20,000-$25,000 / year to $35,000-$40,000 / year and then $50,000 / year even though I don't do anything different is going to suck.
Ideally 1 BTC is like $500,000 and I can quit my job and live off Bitcoin and hopefully over the years it goes to like $1,000,000 and I'll just sell a little bit at a time to pay my bills.
I'll see though.
I could even just get a roommate(s) and pay $600 / rent and $400 / food and survive off like $15,000 / year if I can.
I'm not sure how BTC is even going to have proper value in the future anyway. A currency which 90% of the population has literally none of is going to be a hard sell, unless you plan to build some society like India where you have your beautiful walled house surrounded by a vast corrugated metal slum.
Doubly so since BTC is incredibly clunky and difficult to use outside of digital systems prepared well in advance.
You aren't going to be insulated whatsoever from the conditions that will occur if/when the USD experiences hyperinflation just because you have Bitcoins.
Crypto is not at all clunky at this point. Go look at a dark web drug market like White House. Completely smooth anonymous transactions with Monero. Everyone should know or learn how to use pgp encryption as well while we are on it. Venezuela has a yooge underground economy that runs on crypto. As well as Zimbabwe.