💥 Exactly 15 years today

“The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted to not debase the currency, but the history of fiat currencies is full of breaches of that trust.” -Satoshi Nakamoto

#BTC

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Discussion

It's not trust

It's the power of the central government to enforce usage of the "legal tender"

This is a key misunderstanding in the bitcoin world

Absolutely... Currency is by definition permissioned , censored and without consent . It has its own role to play to allow price stability credit and risk taking .

Btc is an asset. The best asset to date .

Comparing btc with currencies is incorrect . They are like two wheels of economics system. Just like bad assets ( eg securities) , there are good or bad currencies ..

If we hypothetically removed currencies from the economic system, the price of commodities would soon fall to ~zero. You don't want people to fight for wheat (bread) cuz in assets only world , only scarce desirable things get some return.

In addition, positioning btc against currencies is bad placement. No one wants to fight governments all over the world . Btc network is too precious to sacrifice in unnecessary debates ..

Bitcoin is fully debased to begin with, so no worries there