nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe not sure you’ve had the chance to listen yet, but curious your thoughts on Michael Saylor’s opinions on today’s episode of The Bitcoin Standard Podcast. They had a testy debate. His vision for the future seems to go against your argument that the new system is incompatible with the current system. #Bitcoin
Discussion
I didn’t watch but it is why I have repeated often that Saylor is wrong here. If Bitcoin fails as a currency, it will fail as a store of value (similar to gold in time) I “ironically” debated Saif on our last podcast together and he took the Saylor view, which it sounds like he now understands.
failure via lack of confidence to sustain demand at the individual level (too. many lost or stolen keys for the average user to embrace self-cutody,) or externally (naked-short paper-attack from institutions, future computstional attacks at the network, or lack of Elon's endorsement).
What is the bar to measure success/failure as a medium of exchange? Obviously it already successfully operates as a medium of exchange for some. Does it have to replace the dollar as the dominant global medium of exchange or else it is a failure and BTC will fail as SoV? #Bitcoin