There's only one person doing the twisting here Duke - and it ain't me. How precisely is a crypto-startup to get to Amazon levels if there isn't crypto usage rising proportionately?Ah! so you have twisted for yourself that he did actually mean the currencies and not the technology. As I say, it would be unfair of me to try and disillusion you.
lol - so you're adding fine print now I see. Insofar as I remember, you are not conceding ANY use case for Bitcoin (aside from the lever arch file side swipe ). Meanwhile this dude running the $95 billion wealth fund does seem to think that Bitcoin will rise in the same way as Amazon did. But he just manages wealth in the real world - he's not an academic or 'nobel' who can't run anything in the real world.Did I predict Amazon? No. Did you? Do I think the DG is right that an equivalent of Amazon might arise from crypto technology? I don't think so but I could be wrong as I was for Amazon. The technology does actually add value and could spell a grim future for Lever Arch files, for example.
But I am not wrong that bitcoin (and all the others) are utterly worthless make-believe as currencies.
Firstly there is no 'all-in' bet. Secondly, I went out of my way to bring to your attention that Bitcoin and its ecosystem has developed exponentially in every which way since discussions on the topic began here in late 2017/early 2018. Nation state adoption is only a small part of that progress.I would have. There are lots of things I would have said could not happen. But if you think two tiny basket case economies with very dubious governance adopting bitcoin as an all-in bet for their impoverished nations outweighs the views of the leaders of 3 billion people ruled by two diametrically opposite ideologies; maybe you should pause to ask yourself are you indulging in a little self delusion.
And as regards leaning on an authoritarian, censorship-loving, freedom-suppressing, surveillance state, with your 'utterly worthless' claim, all that means is that bitcoin is the nemesis of such a regime. I'm quite happy to help you shoot your argument in the foot on that one.
As regards accounting for the US in your argument, last I checked it hadn't banned Bitcoin? And no, it doesn't need to declare it as legal tender. It's being ushered in - in the US - relative to other use cases.
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