ac04 said:

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yes i'm aware, check his posting history. he roams around to different boards picking fights and pretending to be smart. meanwhile he's got a word misspelled in his own username.

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There are no words mispelled in my username lol

Adverse Event said:

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Based on your references and beliefs, I understand why you find ethereum valuable, and alternatively why I find it of little value, outside of NGU (number go up) technology.

While you stand on the same side of the fences with WEF, JP Morgan, GreenPeace and ESG, gleefully.... I abhor them.

It's clear we find value in completely opposing philosophies.

Some people just love to be subjugated.

[Greenpeace reference]

🚨 Greenpeace spent $1 million in new "Change The Code" ads to intensify their attack on #Bitcoin's PoW.

🤡🤡🤡

— Bitcoin Magazine (@BitcoinMagazine) September 15, 2022

It doesn’t have to be this way.@Ethereum — one of Bitcoin’s top competitors — just changed its code system to reduce its energy usage by 99.95%

Bitcoin needs to change. Watch/share our video to help us expose Bitcoin for fueling the climate crisis!pic.twitter.com/MADdxavtn1

— Greenpeace USA (@greenpeaceusa) September 15, 2022

Edit: China
The only people whining about Chinese hash rate had no concept of what a mining pool is or does, paid no attention to the change in hash rate globally after the mining ban in China, and currently have no idea that China has once again peaked in bitcoin adoption/mining despite the ban. They don't know because they follow whatever narrative of the day from the mouthpieces they "trust."

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This also annoys me in trying to have a conversation with you. I don't care about greenpeace and bitcoin energy and in other posts you spam links to the WEF which I don't care about. You post a bunch of twitter links. Some with videos, some with click baity titles on top of all your other questions and you want me to either respond off the cuff or watch a video or try and figure out who this tweet is from and in what context and then relate back to you and essay on subject that took you 1 second to copy and paste. In doing so the entire subject matter I spoke of would get lost as we go down in the weeds of whatever rabbit hole you throw up.

This is why I find you and your buddy's conversations in bad faith. Rather than an open back and forth about crypto addressing each others points you act like it is a court of law and direct the conversation to endless questions and tweets where if you just tire the person out and bog them down with enough material and detail then you win.

You knew this about him before your first post here. No one forced you to come here and have this conversation, you sought it out.

ac04 said:

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Quote:

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Etbereum does stuff.

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we have been begging you to elaborate on this and you refuse to provide a single example and instead get defensive. you're wasting everyone's time.

like AE already said, if your starting point is that decentralization doesn't matter then we're never going to see eye to eye because you've completely missed the most important point. if that bothers you so much, stick to arguing with the folks on forums 15 and 16.

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This question is a waste of time because it's not controversial that eth has more apps.

Here is a silly list of apps

https://consensys.net/blog/news/90-ethereum-apps-you-can-use-right-now/

Here is an article that is pro btc but acknowledges eth has more apps
https://www.coindesk.com/business/2022/08/07/move-over-ethereum-bitcoins-lightning-network-has-apps-too/?outputType=amp

There's no reason for me to have to jump through hoops when making a statement that's as obvious as water is wet.

I get all the maxi arguments about decentralization. I used to be that guy. There is a space in this world for you guys and btc. There is a market for your ideology.

There's also a huge market for people who aren't fretting about decentralization. Our lives are full of relationships with entities where trust is required and we don't bat an eye because it works the vast majority of the time. We will have third parties we trust to execute activities we want in the blockchain because we like experts providing services for us so we don't have to be experts in everything. These experts provide us goods and services with protections like insurance and warranties that don't exist if we DIY.

People like me see a place for you and me and people like you put a moat around your ideological sandbox and scream everything else is a fraud and scam.

ac04 said:

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having a bunch of useless apps is not the same as doing something anyone needs. look if you like ****coins, that's great. have fun with that. but you don't need to get all butthurt about it when people tell you why they don't.

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Lol. This is exactly why you guys are arguing in bad faith. I made a completely uncontroversial statement that eth has more apps and rather than just responding that you think those apps are stupid and worthless you want me to jump through hoops first so you can then say they are stupid and worthless.

There are certainly a lot of ****ty apps on eth and on lightning. It's going to take time for these things to develop. I like that people are working on these things and believe they will get better on eth and lightning.

We all get you and your buddy think everything but btc is a ****coin. There are certainly a lot of ****coins out there. I and the majority of folks involved in crypto see a future where there will be lots of different crypto platforms with use cases. Not everybody is a maxi locked into an ideological prison where everything outside their walls has to be trash.

I said eth does stuff. Lots of people use those apps. They have far more engagement than apps on lightning. I think there is a lot of room for improvement and excited about the huge amount of development going on.

I've simply objected to you and your buddy arguing in bad faith demanding details about silly uncontroversial statements. It's fine if you want to be a maxi and deride everyone and everything that doesn't fit in your ideological bubble. I hope you and btc succeed. I like innovation and technology.

Here's my problem with your arguments and discussions:

1. The 7 or 8 year history of ethereum PoW ended (forked really) 3 days ago, but according to you it works, has worked and continues to work as good or better than bitcoins 14 year history.

2. "More apps. More devs" who ****ing cares. If the base is corrupt or corruptible, the quantity (not quality) of developers and the super apps they build for erc20 scams and ico's and dao's and nft's and whatever the next hype cycle brings are just as corruptible, and consistently prove themselves to be. The depth of this argument is no different than "brawndo is what plants crave" and I'm thoroughly disappointed that it's what you keep pointing to as the reason eth2.0 is the best.

3. I've asked probing questions to see what apps you are actually fascinated with I was hoping to hear that you though x,y,z, apps were actually functional and useful to a wide or niche group of people. But instead it's just junk data that you have been exposed to that you find valuable. I've asked for any references that you've found in your 7 years of exposure to btc or eth and you act like I'm stabbing you in the back for asking for data. Nonsense. I've gone exceptionally deep into the eth rabbit hole and come out of it nonplussed, if you've gone deeper than I and have data I should re-review than provide the data. I'm exceptionally convertible with exceptional data. If your resources to convert me are that "everyone is doing it" than just gdiaf.

5 years ago (as wheelskjm) I thought a banana chain would be interesting because you could allow consumers to drive deep into a specific banana and verify the region, soil, climate that year. I realized that was dumb then and there are better ways to do that now if there needs to be a centralized resource to provide trust in the data.

4. Based on the above, you clearly have a 10,000 ft view of ethereum and haven't gone underground into the rabbit hole. You stick to extremely suspect arguments and oppose ideological values of bitcoiners like a SCIENCE!!-ist.

In a few more years you will complete the maturation process, if you actually dig into the protocol you seem to cling to and crawl back (like everyone does) into Satoshis arms and say "I just want sound money. And it'll fix the problems we are experiencing while aligning the total energy production of humans towards the highest peaks we can acheive."


Finally, I don't despise you. I see myself in you. The further you stray off the path the more resilience you will build for the future. Just dig in deep man. Don't just look at the pretty pictures that influencers portray for you, don't just look at NGU, use the protocols, try breaking them. Exercise the quantum computer in your brain and run cycles to see how humanity will alter its behavior. In my prognostication, eth trends humanity towards enslavement via gambling addiction and nonsense to the benefit of their handlers, where bitcoin breaks the chains and grows us individually into better humans. That's what I've seen happen.

Bitcoin builds us up individually and completely aligns with my philosophy and the direction of growth I think humanity needs to trend towards to acheive a new pinnacle of civilization. I want more agency, not less, and I want people to become more responsible for themselves not less.

Transactions In Mempool

401681

Eth2.0 is twerking on tiktok.

Quote:

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Let's recap the first day of ETH hard fork:

SEC warns it may be a security
Price dropped 6%+
ETC hashrate hits ATH
Mempool seems stuck but no one knows because no nodes
4 validators control everything

Looks great. Congrats.

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I've already addressed most of what you said. Yes we happen to have just flipped to eth 2.0 and it's not fully tested but you have **** on eth for years while it's pow worked fine.

More apps and dev is how progress is made. I simply don't have the qualms you do about the base.

I don't care about "sound money" in bitcoiner talk. Bitcoin ever being a transactional currency is silly. Deflationary currency is laughable in the economics community. Btc is just a store of wealth and unless the community changes that's all it will ever be and that is fine. I own btc. It's not going to replace banks or fiat or become a one world currency and that's fine. It's not building anybody of or a path to the pinnacle of human civilization. That's just your ideological cult bursting through. ETH isn't trending to enslavement and gambling addiction. That's just wild gibberish you need to save for sundays at the btc temple.

Superficial knowledge of the protocols discussed is superficial.

Good luck.

Weird thing to say that has no relevance to me but good luck to you too bud.

funkycoldpetina said:

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Adverse Event said:

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funkycoldpetina said:

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No. You and wheels like to play a game where you muddy simple things up with bad faith questions. If you aren't aware eth has projects and apps then no conversation is to be had.

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And I'm sorry but re-reading your post...

What in the **** is actually simple about any of these concepts?

I didn't ask what projects or apps were BEING DEVELOPED (not working) but which ones were implemented successfully post merge, as anyone of them prior to merge were operating with Base layer eth as a PoW concept.

The problem I see here is that you haven't been able to identify a single project or app with confidence for the group to explore. There's SO MANY TO CHOOSE FROM, so choose one.

Quote:

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meh, bad faith questioning, stop muddling the waters.

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Pathetic.

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I liked you as wheels. As administrative errors or whatever you fell off the deep end.

This is why I haven't enjoyed any conversations with you for a while. I say something that is pretty uncontroversial like Eth has more apps and projects being developed on it and you guys know that is the case. My point is more is going on with ETH and you want to get into the details of naming apps and talk about their efficacy. My point isn't that all the apps and development on eth are great and wonderful but stuff is happening. You want to make it an argument about specific apps and applications and projects on eth. All of this directs the conversation away from my point that more is happening on ETH and in that rabbit trail you never have to talk about what is happening on btc.

You are right that ETH just switched to proof of work and we don't have a large sample size of how things are going right now and that is an entirely fair point. This is a function of the timing of our conversation and just like you I do not know how it plays out. I think this criticism is in bad faith though because you already hated ETH and cried about it before this happened and before this was announced even.

For your last bit my point was never about any particular app or project. It was about the development going on. It was a comparison of what is being developed on ETH vs BTC. You want to go down the rabbit hole of specific ETH apps and projects because doing so misdirects and changes the subject from development on ETH vs BTC.

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Three paragraphs of vapid word salad nonsense and the cherry on top is you don't even know which consensus mechanism ethereum just switched to. Do you understand the difference between proof of work and proof of stake, or why it matters?

Lol you got me! I wrote the wrong word.

We're having a lot of fun and that's great but it's a critical and fundamental difference. Easily the most important between bitcoin and ethereum now. And I'm skeptical that you know why based on your posts in this thread.

So true bro. I only reference eth going to proof of stake a handful of times before sloping up. You got me. You won the internet today.

Edit:slipping up
Man, I'm on a roll!

Still can't confidently claim one app of the thousands.

Maybe you're most excited about Joe Lubin courting WEF to make CBDC's on Eth2.0, as the best app?

Just name one that you're super pumped about, they're all excellent so you should be able to throw a dart and it'll be awesome too.

BTC has a couple apps on lightning now. Maybe they'll catch up soon. I hope so. I'd love to have multiple ecosystems with dedicated and talented people making stuff. It's been very cool and neat watching the cryptosphere grow and progress. I get that you think apps are all stupid and useless and that's okay. You don't have to use them or care about them and the development going on.

Not even one. No worries.

Adverse Event said:

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Not even one. No worries.

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You've become so much like crag.

I posted a link to 100. I am told they are all dumb useless crap. I am glad to see so many apps being developed. I think lots of talented devs working on this is good and will lead to better and more useful apps. You guys think it's stupid. That's fine. We don't have to agree. You don't have to continue with these bad faith arguments. It's okay to just disagree.

Who or what is crag?

Must've missed the link, but you're mainly excited about the sheer volume of apps churned out, if I understand correctly.

Majority of the most "successful" ones on the list seem to be yield generating or NFT's platforms. Is that what you're amped about? More Celsius and their ilk and people destroying diamonds to make NFTs?

Or gambling apps like augur?

I mean, I still think conceptually Aragon is interesting, but it's just a platform for building DAOs (a completely subjective term) on any protocol. I've thought about Makin a DAO around 50 separate times but it's not the concept I imagined it would be, yet, and have been mostly used to glop on to any pitch deck the past 5 years for startup fundraising and VC capitalization. VC's and founders have historically been the only winners here as they sell tokens that are exceptionally pre-mined and then sell off at massive profits and minimal production.

It's been UTTERLY disappointing if you've paid any regular attention.

Good software takes a decade to build, time will tell.

I'm not writing everything off, mind you, there's just been nothing I'm truly excited about anymore outside of bitcoin adoption, bitcoin mining innovations, and layer 2 developments.

Everything out of ETH has had hypemania and complete disappointment outside of stealing money from unsuspecting new entrants who are uberhyped. I participate in 2015-2017 and stopped when I recognized the gambling behavior I was encouraging was absolutely deplorable and the lowest common denominator behavior and completely destructive.

Maybe you'll feel different after you've experience you're 3rd halving cycle, maybe you'll remain the same. It definitely changed me. 2024 is right around the corner.

Apreciate the thoughtful response. Yes I am most excited about the volume of new things being done and the amount of development happening. I don't see some golden app yet but I agree with you that it takes time for the market to sort out the use cases and come up with better applications. I don't personally get involved with all the premise stuff but I don't mind it. I have no problem with yield generation or NFTs nor do I have any particular issue with gambling and speculation.

I agree that in general I wish things would have come further by now but I'd say that about the whole industry including btc and not just eth.

I don't see my mind changing but who knows. I think it's well established we have entirely different views on the subject. You have a very ideological idea of what crypto should do and a high minded idea of changing the world and revolutionizing money and none of that interests me in the slightest. I look at it as something to improve upon and add onto the existing structures we have developed over centuries. I don't view our markets and systems as fundamentally broken that need a complete rewrite and I don't believe such a thing is possible without some form of utter catastrophe. Our world in imperfect for sure but I think the path forward is incremental change and improvement. I love the idea of having custody of your own coins but I fully expect utilizing those coins will continue to have middlemen and service providers who we go through to accomplish certain tasks and that's fine by me.

A lot of VCs need to hire you guys. They're throwing away billions on blockchain apps

I just gotta say, studying bitcoin for 13 years has brought me so much awareness to the things that affect our global economy, and the incentives within, and still leave me with an unfathomable depth of ignorance it's completely enamored me.

Simultaneously, I've found that the more effort put into understanding bitcoin, from any and all angles, makes the protocol even more complex both in its engineering and in its projected outcomes.

It's truly irked me when you claimed it was broken or not performing... when the opposite is the only consistent truth of the last 14 years globally. Your claim was not only a lie but a damn lie, and I apologize for my disgruntled reaction.

And if your current whelming review of the eth ecosystem plays any relativity to your understanding of the global traditional markets, I can completely understand how you'd feel nothing was currently broken, and see no value in fixing the unbroken nature of money, trust or time.

Yep, and dumping tokens on exit liquidity with no concern about the retail investor.

This is a massive reason why ol gensler is claiming eth2 is a security now.

It being centralized will lead to its eventual dismantling or subjugation.

Adverse Event said:

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I just gotta say, studying bitcoin for 13 years has brought me so much awareness to the things that affect our global economy, and the incentives within, and still leave me with an unfathomable depth of ignorance it's completely enamored me.

Simultaneously, I've found that the more effort put into understanding bitcoin, from any and all angles, makes the protocol even more complex both in its engineering and in its projected outcomes.

It's truly irked me when you claimed it was broken or not performing... when the opposite is the only consistent truth of the last 14 years globally. Your claim was not only a lie but a damn lie, and I apologize for my disgruntled reaction.

And if your current whelming review of the eth ecosystem plays any relativity to your understanding of the global traditional markets, I can completely understand how you'd feel nothing was currently broken, and see no value in fixing the unbroken nature of money, trust or time.

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I'm not sure I said broken but I did say btc doesn't do anything. a bit of an exaggeration meant to be taken as compared to others that are trying to find new applications.

I think the things bitcoiners obsess about regarding the economy are kinda a hyper Ron Paul outlook. While I sympathize with some pieces of it my background had me effectively learning about the global economy and then bitcoin whereas I feel those who have done it the opposite way have been easily taken down a rabbit trail of misunderstandings and misrepresentations of the global economy and how money and banking works and what pros and cons of fiat are. From the white paper to popular maxis I find their views quite shallow. It's a lot of rehashed gold but stuff and I grew up surrounded by gold bugs.

We simply share completely opposing views on the subject. You think I've been brainwashed by traditional markets and views on the global economy and don't understand bitcoin and I think you've been brainwashed by maxi ideology which causes you to not understand traditional markets and the global economy.

I think there is a place for btc and other crypto though I don't find it to be some world changing invention that's going to usher in some new wonderful time in history as you believe.

What irks me is how maxis crap on everything that isn't btc. There seems to be so little nuance in their world. It's like buttcoiners who militantly think everything crypto is utter trash and a scam.

I think history paints a pretty convincing picture that such extreme ideological beliefs are rarely ever correct.

I only crap on crappy things, and totally agree that we both started from completely different viewpoints to get us where we are today.
I Came from Management of infosys/telecom/energy mgmt/Cc processing and understanding networks/network designs, versus a trad-fi background.

Bitcoin came to my world when I was snowballing my debt and beginning to grasp politics/money/etc. Heavily influenced by Ross Ulbricht's Silk Road comments as well and the theme of decentralization as a cure-all for the failures of massive over-centralization.

I strongly feel that much of the mental health crisis is due to the lack of agency an individual grants themselves and I believe our monetary policy plays an as yet misunderstood role in the mental health crisis via economic stress or fatigue. Plays a heavy role in divorce, small business failure, suicide, etc.

Centralization leads to regulatory capture and regulatory capture leads to pseudo-monopolies, none of which improves humanity but fills the pockets of the fewest of the few at the tops. I cannot imagine someone that studies these topics having a different opinion considering the wealth of history at our disposal.

Anyways, that's why I feel the way I do and am disappointed in the overpromises and underdelivery of just about everything sans bitcoin at the current juncture we exist.

Some people have no idea what inflation is doing to our elderly... it's truly diabolical and outside of their control, when they did everything right, saved, lived frugally.... and now our institutions are preying on them for every red cent they can get out of them before and after they die.

You need to get an audience with Marc Andreesen and save his firm.

Seriously though, the btc maxis do a disservice to the entire bchain movement and industry IMO.

You will not achieve widespread adoption without a killer app. Btc isn't a killer app. When one arrives on ETH or another L1, btc will likely be leapfrogged.

Oh hey its budfox7!

Seems it'll have to be a manual ignore, since I ain't paying for stars.

Adverse Event said:

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I only crap on crappy things, and totally agree that we both started from completely different viewpoints to get us where we are today.
I Came from Management of infosys/telecom/energy mgmt/Cc processing and understanding networks/network designs, versus a trad-fi background.

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This overconfidence is offputting. I'm more of the mind that while I think I have considered these things rationally and have the right idea that others who are also intelligent and informed can come to different conclusions and in the long run I may very well be wrong and things may change. I'm more an econ guy than a trader

Quote:

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Bitcoin came to my world when I was snowballing my debt and beginning to grasp politics/money/etc. Heavily influenced by Ross Ulbricht's Silk Road comments as well and the theme of decentralization as a cure-all for the failures of massive over-centralization.

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I'm not sure what ulbricht comments you are referring to as it has been a long time since i paid attention to anything related to him. "Massive over-centralization" rings entirely hollow to me. It feels to me very much like Maxis decided BTC was good at decentralization so they have now had to frame bad things as the fault of centralization to give the appearance they are solving something.

Quote:

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I strongly feel that much of the mental health crisis is due to the lack of agency an individual grants themselves and I believe our monetary policy plays an as yet misunderstood role in the mental health crisis via economic stress or fatigue. Plays a heavy role in divorce, small business failure, suicide, etc.

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I don't see any way that BTC reduces economic stress, fatigue of the plethora of things that lead to mental health issues, divorce, small business failure or suicide. This reads to me very much like an ad for some new pills Dr Oz is pushing.

Quote:

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Centralization leads to regulatory capture and regulatory capture leads to pseudo-monopolies, none of which improves humanity but fills the pockets of the fewest of the few at the tops. I cannot imagine someone that studies these topics having a different opinion considering the wealth of history at our disposal.

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Regulation leads to regulatory capture and regulatory capture certain advantages larger businesses. BTC does nothing at all to mitigate this in my opinion. To me you are just naming things that are popular to complain about then waiving your hands and saying BTC is the solution when I see no mechanism whatsoever BTC does anything for this.

Quote:

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Anyways, that's why I feel the way I do and am disappointed in the overpromises and underdelivery of just about everything sans bitcoin at the current juncture we exist.

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As I said earlier I wish things were further along but I would firmly put BTC in that camp as well with the rest of crypto.

Quote:

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Some people have no idea what inflation is doing to our elderly... it's truly diabolical and outside of their control, when they did everything right, saved, lived frugally.... and now our institutions are preying on them for every red cent they can get out of them before and after they die.

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BTC won't stop inflation or replace fiat. At best it is another investment/speculative option to keep ones money working. This line of thinking always implies people are working their whole lives and stuffing money under there mattress and it is suddenly worth less. Nobody should be sticking their money under the mattress. We already have investment solutions for this and for those who never had money to spare and invest BTC doesn't help. I don't know what institutions you are referring to but BTC isn't replacing any institutions. No industries are disappearing because of BTC. Regulation will still exist and big businesses whether they be banks or amazon.

These are the things in one post you have said or implied BTC will mitigate or fix:
"massive over-centralization"
regulatory capture
pseudo monopolies
mental health
economic stress/fatigue
divorce
small business failure
suicide
economic inequality
inflation
poor elderly
institutions preying on people


That sounds a lot to me like somebody in a cult or selling snake oil. I personally think you are a true believer but you have to at least realize it sounds pretty insane that a digital token is going to fix all this

Adverse Event said:

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Yep, and dumping tokens on exit liquidity with no concern about the retail investor.

This is a massive reason why ol gensler is claiming eth2 is a security now.

It being centralized will lead to its eventual dismantling or subjugation.

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I have one buddy who is a super maxi like you and it's wild to me how giddy you guys are about gensler. I think he's out of his gourd acting like every near crypto is a security and no matter how many times I look at the howey test I can't see how applying it makes most crypto a security. I think the SECs lack of guidance for years while many in crypto have begged for it is abominable and that he refuses to clarify things and simply acts through enforcement is an absolute tragedy.

You guys have these high minded ideas but when govt oversteps and abuses it's power to seemingly go after things you don't like you have to cross your legs to keep from wetting yourselves with glee. Besides it being a gross abuse of power it's like you guys think they can't come after btc. I know many of you think you're immune because they can't control the blockchain which isn't unique to btc but govt can tamp down on all the on and off ramps and make it where businesses don't accept it without putting their business and lives at risk and effectively kill it in the US or any other country that wanted to attack crypto or btc. The giddiness with gensler is so off putting and two faced from my view not to mention short sighted as well.

funkycoldpetina said:

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I'm more an econ guy than a trader
I'll try to speak accordingly from that viewpoint. I trust based on your conversations you don't find Austrian economics at all interesting and trust Keynes's views?

I'm not sure what ulbricht comments you are referring to as it has been a long time since i paid attention to anything related to him. "Massive over-centralization" rings entirely hollow to me. It feels to me very much like Maxis decided BTC was good at decentralization so they have now had to frame bad things as the fault of centralization to give the appearance they are solving something.
dread pirate Robert's on silk road was a heavily Austrian influenced persona, alleged to be Ross Ulbricht.

I am a retailer, and the majority of the appliances being sold today come from a pretty small selection of brands owned by a smaller subset of manufacturers, the longevity are all the least of any generation prior.
The lack of competition in this space due to regulatory capture, lobbying and unproductive reductive strategies implemented by the largest entities encouraging consolidation is a major reason we are here, imo.

50 yr pre-nixon appliances still work, but I'm pulling 2-10 year appliances regularly out of people's homes. The economics/game theory of bitcoin trend toward low time preference at personal and business levels. If unfamiliar with low or high time preference, I'd recommend the due diligence on the topics, relates with mental health pretty heavily.

I don't see any way that BTC reduces economic stress, fatigue of the plethora of things that lead to mental health issues, divorce, small business failure or suicide. This reads to me very much like an ad for some new pills Dr Oz is pushing.
what about mental health, divorce, small business failure are you familiar with? Have you tried to read much on the topic or engage in discourse with experts? I'd expect someone who's never pondered on the topic to respond this way.
1. Money problems are one of the top reasons for divorce.
Resolution bitcoin encourage low time preference, meaning monetary alignment on low time preference goods and services and foods and activities. Eschewing the overconsumption promoted on TV and ads and pharma and social networks, of everything.
2. Mental health: financial stress is a tremendous precursor to a breakdown or loss of home, Abusive substance disorders, depression etc.
Empirical Studies show that depressed individuals have an increased/heightened time preference, meaning less value placed on the future in lieu of the present. There's a great reason why Cognitive Behavioral Therapy (among others) is so productive for many depressed people.
Similarly a Game Theory that increases a preferences towards future goals increases agency and reduces depression and other negative mental health problems. I think bitcoin is perfectly aligned here, but maybe I'm too naive.
3. Small biz failure, see #1&2 above as primary small business failure points. Reductions of either increases the potential success rate of SMBs.

Regulation leads to regulatory capture and regulatory capture certain advantages larger businesses. BTC does nothing at all to mitigate this in my opinion. To me you are just naming things that are popular to complain about then waiving your hands and saying BTC is the solution when I see no mechanism whatsoever BTC does anything for this.

fair critique. The nature of bitcoin is rules without rulers. It's building a parallel economy all it's own that's global interconnected and fungible instantly everywhere. If you remove the monetary policy burden from governments there is far less to regulate and far less control over those regulations. The regulatory problems correct themselves through sheer inefficiency.

BTC won't stop inflation or replace fiat.
never claimed it would, but bitcoins inflation is regulated for 140 years, it's not debased every 4 years with a new administration. Consistency in the game is paramount and underappreciated by you. Imo.

At best it is another investment/speculative option to keep ones money working. I disagree with your subjective view on the matter.

This line of thinking always implies people are working their whole lives and stuffing money under there mattress and it is suddenly worth less.
I see the fear in people's eyes everyday when their 30 year old appliance fails and now they're stuck buying new ones every 5-10 years or less. Inflation is just one aspect of the problem

Nobody should be sticking their money under the mattress. why would anyone be incentivized to stick debased money under a mattress? That serves nothing except distrust in banks unlesd youre completely unbankable

We already have investment solutions for this and for those who never had money to spare and invest BTC doesn't help. everyone can afford .000000001 BTC, whether investing their time/energy or money.

I don't know what institutions you are referring to but BTC isn't replacing any institutions. TBD
No industries are disappearing because of BTC. TBD (watch western union)
Regulation will still exist and big businesses whether they be banks or amazon. and the parallel economy will continue to be built simultaneously and one will eventually supercede the other

That sounds a lot to me like somebody in a cult or selling snake oil. I personally think you are a true believer but you have to at least realize it sounds pretty insane that a digital token is going to fix all this
cannabis has been considered a massive snake oil campaign as well. Those studied in its actual research and anecdotal evidence have seen tremendous benefits in such a large swath of areas its a huge mystery why it does what it does.

Recent research proves an endocannabinoid system exists that regulates homeostasis of all the organs.

Now we are testing different chemicals (some plant based, some lab made) to work on these specific receptors.

Imagine telling someone 20-50 years ago that a cannabinoid called CBD which is grown in weed stops people from having seizures. That for thousands and thousands of years pre-dating christianity cannabis has been used for jewish mysticism and ancient chinese/Tibetan medicines, let alone to manage pain, sleep, stress, etc.

They'd absolutely look at you like you're a massive loser pothead junkie couch potato making **** up or in a cult and probably needs to be arrested. Hell, look at f16 today on that topic. They'd say

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There's NO WAY weed does or has done all of this! You must be in a weed cult or selling weed snake oil! It would absolutely be insane that cannabis can fix all these health related issues!

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But they'd be wrong, and most will probably die wrong, remaining static.

Similarly few will change their mind with bitcoin, until forced or dead, IMO.

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Nothing remains unchanged, including the USD. We are either adopting a cashless CBDC or headed towards a bitcoin standard. Possibly both simultaneously. I know which I'd rather because I know who is untrustworthy, and what trustless means.

Dude, ethereum has been a security since it was token launched. I bought some in the pre-sale knowing I was buying a security from day 1.

This is nothing new, unless you haven't paid attention.

Again, this is why decentralization is important and a first principle. Mr Gary booboo gensler can't do **** to bitcoin, but PoS ETH2.0 is a fat ****ing suckling pig and skinny Gary is hungry. I'd be too were I in the same shoes.