Global Feed Post Login
Replying to Avatar DefiantDandelion

The demand side is trickier, why do I want the Bitcoin? The best I have heard has been to look at the qualities of Bitcoin compared to other money or things that have been money in the past like gold and a paper currency. And fundamentally understand what the advantages and disadvantages are to each.

It never spoils

Cap on the supply

Highly divisible

Can carry it in my mind as 12 words

Secure from theft

Censorship resistance

Store of value

I can spend it remotely

Permissionless

Etc

Each one of those makes it better than the alternatives so I want it. For all the positives, the only negative iv seen as a money is its lack of price stability.

My gut says that it will eventually be a stable currency as stable as the variability of currencies on the foreign currency exchange, but the onboarding taking place and speculation about what value will be stored in it is constantly changing. That will eventually settle down.

nostr:note1q2l2uw8fm0taupejcmcwxfx859qqvlcvqqgj3wvthmrzcfnfgcssxr05hv

88
Perky 1y ago

which is where lack of fungibility is a pain point -- a major quality that is lacking imo

Reply to this note

Please Login to reply.

Discussion

Avatar
DefiantDandelion 1y ago

I think I get the argument on fungibility. You are afraid someone had the Bitcoin before you that did something illicit and getting dragged into it?

Thread collapsed