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RE: Do you use your HBD?

in Anti-socialists4 years ago

No one spent a fortune on pizza. We can't just backtrack and project an x10000 network value on a new network that had no value. If nobody spent Bitcoin the network would not expand and it would still cost 10k for pizza ($115M). Bitcoins are not dollars, so this concept that $millions were paid for pizza is time-travel nonsense.

I used to be on the "let's get rid of HBD" train but I've come to realize that stabilizing the asset would be relatively easy using DeFi collateral solutions that have already been invented. Not only that, we can improve on the system and undercut all those greedy assholes by charging 0% interest on loans. We don't need interest rates, as the value this service brings to the network will pay for itself 1000 times over.

Unfortunately insulting people's intelligence and calling them morons is not a very effective way to build networks and get what you want. Common mistake; I hope you aren't making it, as I'll be the first to admit that this comment is also not very productive. Ah, sweet catharsis.

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Truth be told what the cryptosphere really needs is a stable asset that stands on its own rather than piggybacking off the federal reserve. Weird how no one is talking about this or trying to implement it. Would be too centralized to survive perhaps.