Replying to Avatar MoneRogue

The only other serious concern I have is the government deciding to tie Bitcoin to fiat via things like a BTC standard or the Strategic BTC Reserve, and then doing like what the government did with gold during World War II and rob everyone of their BTC because they are viewed as enemies of the State.
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Tony Carrera 11mo ago đź’¬ 1

That’s interesting.

Though not sure how this works exactly. Isn’t gold still valued at $35/oz? Yet free market rate is ~$2,700.

Wouldn’t that be similar to how it would work? US marks the btc at $100K let’s say but market continues valuing it at whatever the market buyers dictate.

If it’s a confiscation worry, yes it could eventually happen like it happened to gold but you could argue it’s harder to do so and people with significant wealth can cross borders with ease.

Nothing is perfect, in trying to find as many flaws as I can with BTC. Hard to find many flaws in my humble opinion.

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CosmicBanya 11mo ago đź’¬ 1

This is the wrong place to find flaws with bitcoin. Way better to engage with a friend that is not into bitcoin in RL.

It’s a quite enlightening process.

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Tony Carrera 11mo ago đź’¬ 1

True.

I have plenty of those and the conversations can be frustrating just because people are so misinformed.

Few have an open mind and the arguments are weak mostly. Best arguments I hear are the quantum worries, what if US/governments ban it, or it doesn’t have intrinsic value.

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CosmicBanya 11mo ago

Those are nice segueway’s into a deep discussion. Laser eyes baby