Comments by "Me, Myself and I" (@me-myself-i787) on "The FTX Situation - Promoters Should Have Known Better" video.

  1. ​​​ @whatwasisaying1338  A currency can have more value tomorrow Vs today if more people start using it without more of the currency being created in proportion. It's called deflation. How can a supposed currency (the US dollar) have less intrinsic value tomorrow Vs today? The Federal Reserve prints more money without a corresponding increase in the demand for that particular currency.
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  2. No-one expects it to appreciate infinitely. Once enough people switch, it will stabilise. The crypto space is still a young field. And the dollar produces nothing of value, other than being able to buy stuff with it, which people will be able to do with Bitcoin in the future. And with Bitcoin, you don't have a government which can devalue the currency at will in order to benefit itself and key voters.
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  3. ​​ @Dave-nq6uy  Are you kidding me? Craig David, it's founder, claims to be Satoshi Nakomoto, but provides no evidence to back up this claim. And it drastically increased the block size, which improves transaction speeds and costs at the expense of security and decentralisation. The future currency of the world will probably be focused on security and decentralisation and have Layer 2 transaction networks like the Lightning Network. Like how currently, we have Fediwire, the secure but slow and expensive platform for large transactions, and we have Visa and MasterCard for smaller transactions.
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  4. ​ @alliu6562  The idea of growth is that we will use resources more efficiently and get more wealth out of them, not just that we will access more resources. Also there's a whole galaxy out there full of natural resources.
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