Replying to Avatar Sir Spencer, Wolf of KC 🐺

It's stupid to be cheering on government involvement or adoption, but it's just as stupid to resist it or expect it will never happen.

The basic idea of Bitcoin, however, is as a peer-to-peer electronic cash that has fixed supply and stores value over time (i.e. a more perfect money). The expiry date proposal is antithetical to a more perfect money because money needs to retain its value over time. An expiry would morph bitcoin from a more perfect money into a shitty coupon. Self-defeating proposal.

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Katz und Kollegen 10mo ago

But hoarding it was also not the point. What to do?

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Sir Spencer, Wolf of KC 🐺 10mo ago

You should hoard more and more over time. It's called building wealth, silly pants.

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Katz und Kollegen 10mo ago

Okay, then you should save up for a pair

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