Subnostr

I know that the volatility is the main counter argument. I don’t buy it because the only way anyone can free themselves is with long term savings. With fiat as a monetary instrument, there is a precisely 0% chance of that working. At least with Bitcoin, they have some chance at long term savings.

TeslaLiberty 1y ago

So a guy from El Salvador that makes 15$ a day, and spends 15$ a day for rent and food, you think he should buy bitcoin ?

What happens if his 15$ drops to 12$ ?

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Discussion

Toxic Bitcoiner 1y ago

I don’t use the word should. If he can’t find a way to accrue savings, it doesn’t matter what his MoE is.

TeslaLiberty 1y ago

Well if he is in Zimbabwe and his dollars go down 10% per 6hours, then tether is very useful

Toxic Bitcoiner 1y ago

https://m.youtube.com/watch?v=Cb8Jimd__hE Jeff and Saifedean just had a great discussion about all of this. 23mins-39mins.